Will Olympic Medalists Pay Taxes To Government For Prize Money? | First Sports With Rupha Ramani

Will Olympic Medalists Pay Taxes To Government For Prize Money? | First Sports With Rupha Ramani

Paris Olympics concluded with USA taking the top spot in the medal tally. The winners are set to get a windfall of rewards and some very bizarre incentives. What are some of those? But what about the flip side? Reports suggest some athletes will have to pay taxes on the cash prize they received. How much tax will the athletes have to shell? Where does India stand in this regard? Rupha Ramani brings you more details on which countries are more generous and who all top the list.

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Paris Olympics 2024 | Olympics | Olympics 2024 | Olympics Prize Money | First Sports | Rupha Ramani | Firstpost | Sports News

#parisolympics #olympics #olympicprize #olympics2024 #firstsports #rupharamani #sportsnews #firstpost

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[kwvloxr]

Hong Kong, a small city in China, won two gold medals, while India, with a population of 1.4 billion, did not even win one

[ruymhsz]

Seriously! Why are Indian medal winners not paying tax? Oh wait... because Adani and Ambani are corrupt.😂😂😂

[kpopbillionaire]

2:20 The athlete was gifted 5 cows. How does she pay tax then? She gives 2 cows to the tax office 😅

[cooldomeng]

Imagine devoting your whole life to your sport, In Philippines, Olympic winners are considered a hero, national icon & sport ambassador, the recent winners are showered with prizes from the Government & business men which also trickled down to other Olympians and Coaches all Tax exempted

[cwbiietlala]

US and China strive for number 1, while super power Endia, with population of 1.4 billion people, with 0 gold medal, end up in 71. 😂

[nino]

Indonesia just announced it yesterday and it’s closer to 400k for gold and 110k for bronze. No one got silver. But the coaches got some too. Gold medal coach gets 170k. Bronze coach gets 38k.

All olympians and their coaches get some prize money too. Not sure how much this year but it was around $7k last olympics.

[erwindaveg]

THEY MUST NOT PAY TAX!! WTF! They represent your country in the Olympics! They worked very hard for your nation!!

[aspireshekar]

Govt wont differentiate between normal tax payer and sports guys, everyone who pay taxes are national icon, country cherish and rise on taxes, so treating equally let them also pay, no sports man harmed.

[wallambiangrani]

Olympic medalists/athletes winning prize money in Olympics should not pay taxes to the government(s) because prize money is a one-time earning / one-time hard-earned income for the athletes.
From, Wallambiang Rani

[rodolfotv]

LOL in Philippines try to search if how much hahah

[silentstormstudio]

In one form it may make everyone feel equal and reduce tax evasion,
on the other hand it may increase the motivation of players to earn more medals if their taxes on prize money is exempted.

[johnfernandes]

❤Please make Indian sports greatest with self-respecting people with great thought n vision ❤make All food items cheap ❤

[Nolra]

You should include the Philippines rewards and you will be shock also haha

[raviRehan-cnwm]

interesting topic of Tax....Taxes on Olympic Medal 🏅 The point is simple as for India is The Reward Given By Our MUST STAY TOTALLY TAX FREE"" 💓🧿🧿

[alferrari]

She always make errors mispronouncing a lot of words

[RR]

Malaysia never won a gold medal in Olympics. Zero gold.

[alex_tahiti]

India can allow it because they know they will get no more than 1 gold medalist.
In fact they 0 gold this year. Lucky you

[udhay]

India is becoming more and more backward everyday

[marcfrancois]

The very title of this video is repugnant - you bring honor to your country by winning - getting taxed is a slap to the face

[pvxyogh]

They should not get money for worst result ever for India! All involved should be investigated for wrong doings causing us to waste many crores rupees! Bharat should stop wasting money on sport when our friend sir Putin needing our help for his warcrimings!