USA Olympian winners are given a monetary reward for winning a medal. Gold medal winners get $25,000, silver medals get $15,000 and bronze medal winners are given $10,000. The IRS considers these prizes as regular income and therefore subject to income tax.
Depending upon their individual tax circumstances, taxes for gold medal winners could wind up paying $9,900, silver medalists $5,940 and bronze medal winners $3,360.