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Gold medal winners could have to pay $9,000 tax
Congressmen propose eliminating Olympics earnings from income tax calculations
Winning an Olympic gold medal is surely one of the happiest moments in any athlete’s career.
But when members of Team USA return home from their triumphs in London, they could face an unwelcome surprise – a large tax bill on the value of their winnings.
Now members of Congress from both sides of the aisle [...]
At times it already feels like the Olympic Games is the only thing being talked about on twitter and facebook.
But, researchers say, the problem is likely to be worst if you have American friends.
A new survey from electronic postcard firm Touchnote found 60% of Americans planned to brag about their country’s victories on Facebook – compared to a more reserved 40 per cent of British users.
Flying the flag online: Researchers [...]
Although she hasn’t won a gold medal, table tennis phenom Ariel Hsing is the talk of the town in the Olympic Village, who gets by with a little help from her famous friends.
The 16-year-old champion, who put in a stellar performance against China’s second seed Li Xiaoxia over the weekend before falling 4-2, has a bright future in the sport.
Ariel, the daughter of Chinese immigrants, has also found an unlikely [...]
http://www.businessinsider.com/heres-usa-walking-in-the-opening-ceremony-video-2012-7
There has been huge controversy over the outfits being produced abroad
Boss of clothing firm says lower costs in China keep clothes affordable
The Chinese manufacturer who made the USA’s Olympics uniform has hit back over criticism at it being produced overseas, questioning whether America would be capable of anything comparable.
Li Guilian, who owns Dayang Trands, pointed to the cheaper cost of labour and materials in China, which allows the country to [...]
Michelle Obama has spoken of her excitement at leading Team USA to the Olympic Games in London this week.
The First Lady told reporters the visit was a ‘dream come true’, adding that she hoped the Games would further her fitness and anti-obesity agenda.
While in London, Mrs Obama will have breakfast with the U.S. Olympic team and attend a reception at Buckingham Palace.
She will also host a ‘Let’s Move!’ event with [...]
Michelle Obama has spoken of her excitement at leading Team USA to the Olympic Games in London this week.
The First Lady told reporters the visit was a ‘dream come true’, adding that she hoped the Games would further her fitness and anti-obesity agenda.
While in London, Mrs Obama will have breakfast with the U.S. Olympic team and attend a reception at Buckingham Palace.
She will also host a ‘Let’s Move!’ event with [...]
Michelle Obama offered a pep talk on Monday to U.S. athletes who will be competing at the 2012 London Olympics while announcing a nationwide program to get more American children active.
The U.S. first lady, who will lead the U.S. delegation to the opening ceremony of the July 27-Aug. 12 London Olympics, is hoping the American athletes will inspire children to get active as part of her “Let’s Move!” initiative.
Speaking at the United [...]
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