Custom Search




tel:18003484095

banner3

banner3

banner2

 


Medalists And Taxes

August 11, 2016

I spoke last week about where the money goes from current and past Olympic Games. I stumbled across this last week. Actually, this was a topic I wrote of in the past. Most would call it an injustice which is why it looked like it was going to get taken care of four years ago. But I should have known it would not since it involves taxation.

Anyway, American athletes still face taxation on Olympic medal rewards.

I mentioned last week that U.S. athletes do receive a monetary reward for winning a medal (s). But the IRS still wants it share of the monetary reward.

The U.S. Olympic Committee recognizes its medalists with $25,000 for gold, $15,000 for silver, and $10,000 for bronze. But the IRS considers these amounts to be regular income, subject to taxation. A gold medalist from Team USA could end up facing a tax bill of $9,900 per gold medal, $5,940 per silver medal, and $3,960 per bronze medal.

Americans for Tax Reform brought the issue to the public’s attention during the 2012 Olympics. Sen. Marco Rubio (R-Fla.) took the lead and introduced The Olympic Tax Elimination Act.

Apparently, Congress and the President cannot find it in themselves to eliminate a tax.

UNC vs. NCAA

It’s on now.

The University of North Carolina is disputing NCAA accusations that it lacked institutional control over its athletic department and challenged whether college sports’ governing body has jurisdiction to impose penalties for violations resulting from the school’s academic fraud scandal.

UNC did not issue any further self-imposed penalties in last week’s public response to five violations formally issued by the NCAA in April. It challenged the NCAA on the most severe of the allegations, which states that the school lacked institutional control because of its failure to identify or investigate the courses in question.

Jan Boxill

The Level I charges, the harshest the NCAA can levy, center on the school’s longstanding African and Afro-American Studies program, which for 18 years gave high grades for little work and had significant enrollment among UNC athletes.

The response by the university, acknowledged problems with courses offered by the program, but contended that they are subject to review by UNC’s accrediting agency and not the NCAA. That agency, the Southern Association of Colleges and Schools Commission on Colleges, penalized the school with one year of probation that expired in June, according to the Associated Press.

Some might find it an interesting argument. My first thought was “good luck with that”.

The Tar Heels are not playing sports within their accrediting agency, they are playing in the NCAA. And just where was the accrediting agency over the 18-year span in question?

The response represents the next phase in an NCAA investigation that began in 2014 and comes three months after the NCAA formally charged the school and three staff members. The matter now returns to the NCAA, which has 60 days to respond. UNC is set to appear before the NCAA’s Committee on Infractions this fall, and the investigation is likely to drag on into early next year.

Deborah Crowder

More facts are coming out.

The classes were reportedly nearly half full of athletes from several sports including football and men’s basketball from 1993 to 2011. The NCAA initially declared both of those teams under investigation in May 2015.

Since all sports allegedly benefited from the questionable curriculum, the football and basketball programs are unlikely to receive specific punishments. But the school is still facing a long list of charges and potential sanctions. And now we have learned this. In addition to levying accusations of lack of institutional control, the NCAA has accused the school of failing to monitor violations within the Academic Support Program for Student Athletes between 2005 and 2011.

The investigation has focused on former philosophy instructor Jan Boxill, who is accused of providing illegal academic benefits to women’s basketball players from 2007 to 2010.

Boxill, who served as an academic adviser for the team in addition to her duties as a professor and Director of the Parr Center for Ethics, has been accused of writing and adding content to essays for members of the women’s basketball team. UNC admitted in its response that Boxill provided extra benefits in 15 of 18 alleged circumstances as outlined by the amended notice.

Julius Nyang'oro

The investigation has also targeted Julius Nyang’oro, the former chair of the African and Afro-American Studies department, as well as Deborah Crowder, the department’s former student services manager. Nyang’oro and Crowder have been accused of violating the NCAA’s principles of ethical conduct for their refusal to cooperate with the investigation. UNC’s response states that it could not compel Nyang’oro or Crowder, who are no longer employed by the school, to speak with investigators.

How convenient.

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


ARCHIVES:

Let's Follow The Money

NBA Hypocrisy

Two At Troon

Duncan Hanging Them Up

Durant's Decision

Charlotte Hornets And Free Agency

Professional Sports Coming To Vegas?

LeBron's Legacy

Will We Get A Classic?

Braves Could Be The Worst Team Of All Time

Panthers' College Free Agent Signing

Curry Repeats As MVP

NFL Draft And The Carolina Panthers II

NFL Draft And The Carolina Panthers

When Will The Money Run Out?

Saying Wow Was An Understatement

What A Game!

Syracuse And The Madness

Hornets Quietly Buzzing

NCAA Madness

Peyton’s Place In The Game Is Set

LeBron And The Cavs

UNC Asking What Just Happened

Clemson Tops List

Panthers Got Beat Up

Why I Like The Panthers

How This Super Bowl Team Was Built

Panthers Held On For Dear Life

NFL Playoffs Continue

NFL Wildcard Playoff Matchups

Panthers Did What?

Bowling For (fill in the blank)

Rose Still Outside Looking In

College Football Playoff Pairings

Be Careful What You Ask For

Cam Getting Some MVP Play

NFL Thoughts

Who Would Have Thunk It?

Relentless Royals

Another Week, Another Win

Panthers Gain Credibility

Pitfalls For USC

Panthers Got Defensive

Panthers Are Rolling

Panthers Win Again

Panthers Win Ugly

Can Panthers Three-Peat?

College Football Preview

Just What The NFL Needed

UNC Delaying Tactics

Some Refreshing News

Deflate-Gate Revisited

The Smoltz Story

Ty Lawson Needs A Wake Up Call

Florida State Police Blotter

World Cup Win For US Women

Hornets Select Kaminsky

Goodell/Brady Have Their Meeting

LeBron & The Cavs Fall Short

ESPN Taking Heat

NBA Finals

Edwards Back In Winners Circle

NFL To Change Football Rules

Deflate-Gate Hits Pats Hard

NFL Draft News

What’s Up With Deflate-Gate

What? Tebow Again

Get Used To Spieth

Duke Claims Title

The Familiar Four

NCAA Tournament Continues

March Madness

Tark The Shark

Duke Is Gearing Up For March Madness

I Don’t Get It

Yankee Hypocrisy

Honoring Dean Smith

Common Sense

Get Your Mind On The Game

NFL Championship Sunday

Panthers Eliminated

Panthers Move On

Panthers Playoff Bound

Sid’s 2014 Bowl Predictions

Kobe vs. Michael

Where Did That Come From?

Goodell Takes A Hit

Fragile Cavs

RG III Needs To Look In The Mirror

Heels AD Still Has Williams’ Back

Bumgarner Saves The Giants

Optimism Abounds With The Hornets

An Unlikely World Series

Winston Off Field Turmoil Continues

Panthers Rebound

October Baseball

Panthers Facing New Questions

Reality With Rice

Panthers Win, Panthers Win 

Carolina Panthers Preview

College Football Preview

When Will Manziel Show Some Poise?

A Tragic Racing Moment

NCAA Football Talk

Got Off Easy

ACC Football Preseason Poll Is Out

LeBron Changes Image

LeBron Still Undecided

Game Effort By USA

The Decision II

Spurs Claim Dynasty Tag

Sour Grapes

Heat Make NBA Finals Again

Cavs Win Lottery (Again)

Nasalgate

Panthers And The Draft

Not So Sterling

NBA Playoff Action

Phelps Diving Back Into It

Shabazzzzzzzz

Final Four Fodder

NCAA Hoop Madness

March Madness, 2014 Style

One and Done

Heels Heating Up

Setting The Record Straight

Martin And Incognito

Bobcats Appear To Be Moving Forward (This Time)

A Super Letdown

Super Bowl Preview

Broncos and Seahawks Reach Super Bowl

Panthers Were Not Ready

Seminoles End SEC Streak

2013 In Review

Sid’s Bowl Picks

Mack Brown Resigns

BCS Gets It Right

Did You See The Classic?

ACC Hoop Preview

NFL Coaching Hot Seats

Panthers Are The Talk Of The NFL

Ravens Not Flying So High These Days

A Jeff Gordon Sighting

World Series Preview

Craziness Within College Football

Dissension In Tar Heel Land

SEC Football Rules

Nickname Controversy

Panthers And Rivera Lose Another Close One

NASCAR Steps Up

NFL, 2013 Style

Panthers Are Cam’s Team

Heels Sticking With Hairston

NCAA Hypocrisy

Does NASCAR Need Young Talent?

Crash & Burn?

PHIL-thy Good

An All Star Night

Charlotte Signs Jefferson

NBA Free Agency And Charlotte

LeBron vs. Michael

Major Problem For Tiger

Police Blotter Hits Tar Heel Hoop Program

NBA Finals Are Set

Irish Eyes Are Not Smiling

NBA Final Four

Tiger May Be Having His Best Season Ever

NBA Playoff Action

No Draft Buzz With The Panthers

NBA Playoff Preview

Tiger Should Have Been DQed

Baseball Is Back

Final Four Fodder

Sweet 16 Madness

March Madness

He’s Back

Kelly’s A Hero

Who Said Girls Can’t Race?

Danica Is On The Pole

King James

Flacco & The Ravens Hang On


 

 

fanjoylabrenz.jpg   BannerEventAd-01.jpg

PO Box 1721 | Hickory, NC 28603 | 828.322.1036 | Office Hours: Mon. - Fri. 9am - 5pm | focusnews@centurylink.net

Home • Reviews: MoviesAdam Long • Editorials: FocusHave Chainsaw Will TravelSid On SportsBobbi GSara MawyerPeople PicturesPlaces/PeopleExtra Events Listing
Out Of Focus • News: Local NewsNational NewsHoroscopes • Info/Links: Staff/ContributorsList Of AdvertisersOnline AdvertisingOnline ClassifiedsContact UsFocus BLOGStoreLinks

© 1978 - 2017 Tucker Productions, Inc.