IRS Will Extort Michael Phelps for Up to $55,000 for the Olympic Gold Medals He Won in Rio

The following correspondence originally took place upon my Facebook wall…

Multiple Gold-Medal-Winning Olympics Swimmer for USA, Michael Phelps

Multiple Gold-Medal-Winning Olympics Swimmer for USA, Michael Phelps

Rayn: Michael Phelps Must Pay $55,000 in “Victory Taxes” on Olympic Medals:
http://thelibertarianrepublic.com/phelps-pay-victory-taxes/

Tammy S.: They work their butts off to win and represent our country and they are penalized. That’s a shame. I understand we need taxation. Some things should be exempt just on principle, like Olympic Medals.

Rayn#TaxationIsTheft

Marilyn M.: totally, totally agree with tammy. shame, shame on whomever is responsible for this “victory” (whose victory ?) tax

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