Schumer wants to end ‘victory tax’ on Olympic medalists

By Ryan Deffenbaugh

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America’s Olympic medalists receive $25,000 for gold, $15,000 for second-place silver and $10,000 for third-place bronze — money paid out by the U.S. Olympic Committee that is taxed by the Internal Revenue Service.

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About the author

Ryan Deffenbaugh covers energy, education, food and beverage and the Sound Shore for the Westchester County Business Journal. He previously worked for Westchester Magazine and The Citizen daily newspaper (Auburn, N.Y.). He started with the Westchester County Business Journal in March 2016.