tax on prizes

Sports and Tax | Tax policy

U.S. Olympic Medalists Won’t May Not Pay Tax On Winnings, Exempt Or Not
ByKelly Phillips Erb August 10, 2012June 24, 2020

I’ll confess: I’m still on an Olympic tear at my house. My family and I have watched the end of the USA/Japan women’s soccer match three times. Yes, three. I’m not proud. We just really love soccer. And the Olympics. But as we watched the medal ceremony, I was reminded of all of the hubbub…

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Pop culture | Taxes of the rich and (in)famous

Lights, Cameras, Gift Bags: Why Hollywood Might Not Be Paying Its Fair Share
ByKelly Phillips Erb February 26, 2012June 8, 2020

When I was a kid, I used to make a big deal about watching the Oscars. My mom and I would make popcorn and then we’d scramble upstairs to watch the stars arrive on the red carpet. It was, in my recollection, glamorous. It was also much more simple. Now, like many events, the Oscars…

Read More Lights, Cameras, Gift Bags: Why Hollywood Might Not Be Paying Its Fair Share