1 MIN AGO: Simone Biles LEAKED The Whole Secrets Behind Kamala Harris
.
.
.
The 27-year-old will leave France with more than hardware and broken records.
While the International Olympic Committee, and thereby the Olympics, do not pay Olympians who medal, the U.S. Olympic and Paralympic Committee (USOPC) does.
For the Paris Games, the USOPC is paying athletes $37,500 for every gold medal they earn. Those earning silver get $22,500 while those earning bronze get $15,000.
That means Biles is in line for $135,000 just for making the podium four times over. That does not account for any related sponsorship deals or, say, income from the Netflix series “Simone Biles Rising” that debuted days ahead of the Olympics.
When it comes to only monetary medal winnings, Biles isn’t the highest-earning American.
Swimmers Torri Huske and Regan Smith have each earned five medals during these Games. For Huske, it was 3 gold medals and 2 silver, while for Smith, it was 2 gold and 3 silver. That awards them $157,500 and $142,500, respectively.
There are a handful of unique exceptions to the pay scale.
Take, for example, Noah Lyles, who won gold in the historically close men’s 100-meter sprint. He’s set to profit not only the $37,500 granted to the U.S. gold medalist but an additional $50,000 from World Athletics.
Earlier this year, World Athletics, the governing body for track, announced it would provide all track and field gold medal winners in Paris a cash prize of $50,000, a first-of-its-kind payout. Across 48 events, World Athletics was set to shell out $2.4 million during the Paris games.
Lyles is hoping for more, though, telling reporters he wants his “own shoe.”
“I want a sneaker. There ain’t no money in spikes, there’s money in sneakers. I feel like for how many medals we bring back and the notoriety we get, the fact that hasn’t happened, that’s crazy for me,” Lyles said. “I feel like that needs to happen.”
Will Olympians owe taxes on their winnings?
In 2016, President Barack Obama signed into law the United States Appreciation for Olympians and Paralympians Act, which gave such athletes an exception on their taxes when it came to the prizes, medals, and cash bonuses they won.
That still counts for athletes in the Paris Olympics, as long as they earn less than $1 million in annual net income, according to the Tax Foundation.
Olympians may still be on the hook for local taxes as well, Sonja Valter, senior manager with Baker Tilly’s Human Resources consulting team told Thomson Reuters’ “Payroll Update.” Colorado, for example, excludes income earned due to winning a gold medal at the Olympics, but California does not.
Athletes may also need to file a French tax return if they earn more in compensation than $10,000, a French tax attorney told Sportico.
Team USA athletes who return for the 2028 Summer Olympics in Los Angeles will, most likely, find submitting their tax returns much easier.
News
SECRET: Taylor Swift and Travis Kelce Welcome Baby Boy: A New Chapter Begins…
SECRET: Taylor Swift and Travis Kelce Welcome Baby Boy: A New Chapter Begins… . . . BREAKING : Taylor Swift and Travis Kelce Welcome Baby Boy: A New Chapter Begins…See More In a surprising yet heartwarming twist, global pop icon…
LATEST NEWS: Elon Musk announces $70 BILLION acquisition of Kansas City Chiefs, Musk plans to rename it “Kansas SpaceX” and take over the NFL and bring in TOM BRADY as head coach, leaving NFL fans in awe…
LATEST NEWS: Elon Musk announces $70 BILLION acquisition of Kansas City Chiefs, Musk plans to rename it “Kansas SpaceX” and take over the NFL and bring in TOM BRADY as head coach, leaving NFL fans in awe… . . ….
BREAKING: Patrick Mahomes in Shock as Wife Brittany Rushed to Hospital After Scary Incident, Doctor Reports Internal Bleeding – Patrick’s Heartfelt Appeal for Family’s prayer Support Amid Crisis
BREAKING: Patrick Mahomes in Shock as Wife Brittany Rushed to Hospital After Scary Incident, Doctor Reports Internal Bleeding – Patrick’s Heartfelt Appeal for Family’s prayer Support Amid Crisis . . . BREAKING: Patrick Mahomes in Shock as Wife Brittany Rushed…
After years of staying out of the spotlight, Jalen Hurts’ mother, Pamela Hurts, is finally opening up about her son’s incredible journey to the NFL and his rise to stardom. In an emotional interview, Pamela shares the struggles, sacrifices, and family values that have shaped Jalen into the Philadelphia Eagles quarterback we all know today
After years of staying out of the spotlight, Jalen Hurts’ mother, Pamela Hurts, is finally opening up about her son’s incredible journey to the NFL and his rise to stardom. In an emotional interview, Pamela shares the struggles, sacrifices, and…
PHOTO: Soccer GOAT Lionel Messi Visits Chiefs’ Headquarters, Meets Mahomes and Crowns Him Football’s GOAT
PHOTO: Soccer GOAT Lionel Messi Visits Chiefs’ Headquarters, Meets Mahomes and Crowns Him Football’s GOAT . . . Kansas City, MO – On March 18, 2025, the Kansas City Chiefs’ training facility became the epicenter of a historic crossover when soccer…
Taylor Swift Reveals Her Mom Andrea Has Been Diagnosed with a Cancer Recurrence After Previously Battling Breast Cancer and a Brain Tumor Years Ago – Emotional Travis Kelce’s Reaction Says it All
Taylor Swift Reveals Her Mom Andrea Has Been Diagnosed with a Cancer Recurrence After Previously Battling Breast Cancer and a Brain Tumor Years Ago – Emotional Travis Kelce’s Reaction Says it All In recent days, whispers have circulated within fan…
End of content
No more pages to load