THE SPECIAL INCOME TAX EXEMPTION FOR OLYMPIC ATHLETES IS APPRENTLY GOING TO BECOME LAW
I guess it was just too, uh, patriotic-sounding to pass up? How else to explain that the proposed exemption of Olympic prizes from the income tax passed the House by a vote of 415 to 1? As I explained when I last wrote about it, it certainly isn’t good tax policy, as at least one (and perhaps only one) House member agrees.
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