What Olympians Make...

    
  Thanks for the Ah-ha moment!
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Nice they get paid something if not a lot. I think the experience and resume "filler" that says Olympian will be much more valuable than any $$$ paid.

I was not aware they got paid either.  I had heard that they got taxed on their medals and I thought that was obnoxious as ever, however, I bet it's the actual money they receive that they get taxed on.  That makes a little more sense to me.

I am proud of all the dedication these Olympians put into their sports, like Gary said they will always have that on their resumes which will open many doors.

Canada also only pays $20,000 for a gold medal, doesn't seem like much incentive for years of training, however, I suspect that the majority of athletes love what they do for a living.

Jon,

Great information, I had no idea, and the IRS should keep its hands out of the medal winners' pockets.  I am intrigued by Singapore's dollar amount, why couldn't they round it off?  What they do get in our country is mega endorsements from such companies as Nike, etc.  Thanks for sharing this with us. A

You're never too old to continue learnng. I've been watching the Olympics for yeas like so many of you and had no idea that they were receiving anything monetary other than endorsements, etc...great information and thxs for taking the time to share.

Jon, This has fascinated me as well. Thank you for bringing it to the front.

Hi Jon, I didn't know this either. I thought they just reaped a lot from endorsements after they win. What I would really like to know is how much gold will you actually find in a gold medal?

I didnt' know they were paid either.  I know the real money is in the endorsements.  At any rate, we were very well represented this year, no doubt!

Wow, if Michael Phelps lived in Singapore!!!!! Do they really take taxes out? That's just wrong.

That's really interesting and I never knew they were actually paid to win.  I thought they were just inspired by the love of competition.

What an interesting post. I had to share it with my husband tonight and we were both struck by the disparity between countries. It almost makes me think that the have a similar 'bank' but its divided out amonst so many more medal winners in the US.  Thanks for sharing!