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2004-08-18 11:33 PM

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Master
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Chicago
Subject: money for gold???

Check out this story on the money countries offer their Olympic medal winners. Call me naive but I was shocked at the amount of money some athletes get when they win.

"Romania’s champion women gymnasts, who won the team gold, will receive two cars, a free college education and a lifetime of rent courtesy of the government along with their hefty $50,000 bonuses. In a country where the average monthly take-home pay is just $170, that’s wealth most Romanians can only dream of."

No wonder those little girls were so happy when they won. U.S. athletes only get $25,000 for gold, but Phelps isn't hurting thanks to the million-dollar payday he receives from sponsors like Speedo and Visa best Romania's GDP


http://www.msnbc.msn.com/id/5747929/



2004-08-19 7:42 AM
in reply to: #50207

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Champion
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Subject: RE: money for gold???
Well here in Canada, we have taken a different approach. Gold medal winners--and there are very few of those--get a hearty handshake from some local dignitary. That is the good news....the bad news is that they must pay customs duties, excise tax, GST, and provincial sales tax on the medal.

Edited by Machiavelo 2004-08-19 7:45 AM
2004-08-19 8:36 AM
in reply to: #50207

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Subject: RE: money for gold???
Hey Machiavello...have you ever been more embarassed to be a Canadian...the athletes should walk out en masse, to bring the point home that they have ABSOLUTELY no chance to compete in today's environment...then maybe our elected officials will take a few minutes away from trying to figure out how to tax the last 47% of my earnings they haven't gotten to yet, to figure out how to compete on the world stage...of course they will probably just build a world class OUTDOOR training centre in Nunavut...at taxpayer expense...man...I love being a Canadian...
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