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JayWalker2009

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Posted: 08/03/12 09:20pm Link  |  Print  |  Notify Moderator

So proud of the USA! We have a lot of strong representation! Not sure if there is another Olympic thread going or not, didn't see one when I searched.

Gabby Douglas, Missy Franklin, Michael Phelps just to name three champs just right off the bat! GO TEAM!

monkey44

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Posted: 08/03/12 10:50pm Link  |  Print  |  Notify Moderator

Yes, for sure. Phelps is quite an athlete - as are the rest, but he truly stands out.


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mowermech

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Posted: 08/04/12 06:23am Link  |  Print  |  Notify Moderator

Just goes to show what dedication and hard work can do!


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Deb and Ed M

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Posted: 08/04/12 07:54am Link  |  Print  |  Notify Moderator

mowermech wrote:

Just goes to show what dedication and hard work can do!


From what I saw on TV yesterday - they will be financially rewarded for their efforts, too! They said that sweet little Gabby Douglas could reap as much as 10 million in endorsements!! Although on the news this morning, they mentioned that there's a bill before congress, to repeal the TAX that medal winners have to pay because the medals are valuable and considered "income"!! While some like Gabby might garner enough income afterwards, that's it's a non-issue. But others had worked long and hard with no income and little support, to master their sport; then they get taxed for representing their country?? That's just not fair.

Ooops - on edit: I missed something really important - the athletes DO receive an "Honorarium" for winning a medal; so yes, they receive income and get taxed accordingly
medal tax

JayWalker2009

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Posted: 08/04/12 11:32am Link  |  Print  |  Notify Moderator

Deb and Ed M wrote:

mowermech wrote:

Just goes to show what dedication and hard work can do!


From what I saw on TV yesterday - they will be financially rewarded for their efforts, too! They said that sweet little Gabby Douglas could reap as much as 10 million in endorsements!! Although on the news this morning, they mentioned that there's a bill before congress, to repeal the TAX that medal winners have to pay because the medals are valuable and considered "income"!! While some like Gabby might garner enough income afterwards, that's it's a non-issue. But others had worked long and hard with no income and little support, to master their sport; then they get taxed for representing their country?? That's just not fair.

Ooops - on edit: I missed something really important - the athletes DO receive an "Honorarium" for winning a medal; so yes, they receive income and get taxed accordingly
medal tax


Yes, it is the money they earn that is taxed. Not the medal. I still they they should be tax exempt, but at least its the tax on money they will have on hand vs money they will have to scrape up to cover the medal.

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Posted: 08/04/12 01:13pm Link  |  Print  |  Notify Moderator

I was impressed with the interviews with Gabby Douglas afterwards. She gave the credit for her success to others, she was articulate and well spoken, and answered the questions with intelligent sentences. She even used multi syllable words that very few her age even know. She obviously had some prepared answers to the expected questions (good for her!!)

I am embarassed when I hear the other American athletes answer media questions with "It was like, you know, so amazing, you know, and wow, you know, amazing....". I do not recall the name of the American diver, who answered a question with "Me and (his partner's name) is a good team." Foreign athletes can communicate better in English than our own athletes.


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monkey44

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Posted: 08/04/12 01:23pm Link  |  Print  |  Notify Moderator

Leave it to the IRS to tax an award ...

But the flip side, yes some of the amateurs can use a break - like those young gymnasts ...

BUt by the same token, what happened to "amateur" status in Olympics -- it's no longer the case. Looks at Kobe Bryant and the Williams sisters. Not by any stretch of our imagination are they amateurs, nor do they need tax breaks.

But, the USA 'complained' that other countries had professional athletes every year in the Olympics. Not true 'professionals' because the state sponsored these participants - but that is a function of economic structure of the country, and these Russian and Chinese athletes 'life job' was training, regardless of how the bills got paid.

So, now we have professional athletes engaged in Olympics, and it's no longer the cream of the amateur crop but rather each country striving to "win the gold".

Wrace

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Posted: 08/04/12 05:33pm Link  |  Print  |  Notify Moderator

Congratulations to Vincent Hancock for winning the Gold and becoming the first two time winner in skeet competition.
Quote:


Hancock clinched the gold on his next-to-last shot, and missed only twice in 150 tries on Tuesday. Anders Golding of Denmark finished two targets back to win the silver, and Qatar’s Nasser Al-Attiya won a shoot-off over Russia’s Valery Shomin for the bronze.
Hancock topped his own Olympic record by hitting 123 targets in qualifying earlier Tuesday, and was a perfect 25-for-25 in the medal round to wrap up the gold.




And

Congratulations to Kimberly Rhode for winning the Gold in the women's competition.
Quote:


Kimberly Rhode won the gold medal in women's skeet shooting Sunday, making her the first American to take an individual-sport medal in five consecutive Olympics.

Rhode tied the world record and set an Olympic record with 99 points. Wei Ning of China took silver with 91 points and Danka Bartekova of Slovakia got bronze by beating Marina Belikova of Russia in a shootout after they tied with 90 points.




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Posted: 08/04/12 06:03pm Link  |  Print  |  Notify Moderator

I don't know if the tax is fair or not - but if any of us gets a bonus at work - we expect to be taxed. That said, they are all amazing and I'm enjoying every minute of viewing.

Crowe

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Posted: 08/04/12 08:01pm Link  |  Print  |  Notify Moderator

Wrace, thank you for pointing out the success in the shooting sports, especially Kim Rhode. She accomplished something no other athlete has done but was barely recognized it.

Win or lose, the US should be proud of all it's athletes, their graciousness in their losses, their humility in their wins, and the face they are giving to the US.


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