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bornskeptic

(1,330 posts)

14. The silver medals are more than 30 times as heavy as the gold?

Thu Aug 2, 2012, 09:49 AM

Aug 2012

"Americans for Tax reform calculates that according to today's commodity prices, the value of a gold medal is about $675, silver is worth $385 and a bronze medal is worth under $5."

Gold is alittle over $1600 an ounce and silver about $28 an ounce. According to Americans for Tax Reform silver medals weigh almost 14 ounces, while the gold medals weigh less than half an ounce. Bronze medals, at $0.33 an ounce would be about 15 ounces. This brings up this question: WTF is CBS News doing quoting these right-wing loonies without a little simple fact-checking?

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Highlight:

Fla. Sen. Rubio introduces bill to make Olympic prizes tax-exempt. [View all] nc4bo Aug 2012 OP

Freedom isn't free, asshole, pay your taxes. Scuba Aug 2012 #1

Here's what I was thinking, didn't include it in the OP nc4bo Aug 2012 #3

Your thinking is not off. ananda Aug 2012 #7

Yes it is very off. former9thward Aug 2012 #27

I didn't say over 250k would NOT pay taxes. Read again. I said they won't give a damn. nc4bo Aug 2012 #31

I'll try again but the result will probably be the same. former9thward Aug 2012 #35

! nc4bo Aug 2012 #36

When there were only amateurs in the games that would be fine. but pros should pay taxes. nanabugg Aug 2012 #19

Is there a reason the athletes shouldn't have to pay taxes like the rest of us??? Happyhippychick Aug 2012 #2

Of course not. This is simply more of the right-wing meme that taxes are an evil punishment ... Scuba Aug 2012 #4

Cut wages to 15%, raise capital gains to 35%, exempt Olympics. Zalatix Aug 2012 #5

But if the have to pay taxes on the awards, won't that cause them to give up magical thyme Aug 2012 #6

He will regret this...Olympians DO NOT LIKE being politicized. Firebrand Gary Aug 2012 #8

Yep, have to squeeze every dime out. crimson77 Aug 2012 #9

Scream! ananda Aug 2012 #10

Ananda. nc4bo Aug 2012 #15

This is the type of thing that irritates me... WI_DEM Aug 2012 #11

Let me also add... Firebrand Gary Aug 2012 #12

How many of these athletes are in the TOP tax bracket as "amateurs"? hobbit709 Aug 2012 #13

The Olympics is not amateur sports anymore Johonny Aug 2012 #20

And soccer nadinbrzezinski Aug 2012 #21

Yeah, well $8900+ on 25K sounds like a big chunk hobbit709 Aug 2012 #22

The silver medals are more than 30 times as heavy as the gold? bornskeptic Aug 2012 #14

Gold metals aren't solid...unfortunately. nc4bo Aug 2012 #16

I didn't expect them to be solid 24 karat gold, bornskeptic Aug 2012 #17

I typo'd, "metals" should have been "medals". nc4bo Aug 2012 #18

Been like that for nearly 100 years muriel_volestrangler Aug 2012 #23

Too bad. nc4bo Aug 2012 #24

The 'Gold" medals are mainly silver. former9thward Aug 2012 #28

Rubio is either an idiot, a grandstander, or a sucker Viking12 Aug 2012 #25

Boy - that was fast! nc4bo Aug 2012 #26

Nope he is a multi-tasker... Kalidurga Aug 2012 #30

LOL Viking12 Aug 2012 #32

A prize is a prize...pay your taxes alcibiades_mystery Aug 2012 #29

Y'all are missing the point. Marco is grandstanding to get the VP nomination. DCKit Aug 2012 #33

You know, I wish the Dems would have gotten ontop of this one. nc4bo Aug 2012 #34

this is one of the worst things about the Republican Party "oh, our poor olympic heroes have to pay JI7 Aug 2012 #37