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FILE - In this Aug. 12, 2016, file photo, United States' Katie Ledecky shows off her gold medal in the women's 800-meter freestyle medals ceremony during the swimming competitions at the 2016 Summer Olympics in Rio de Janeiro, Brazil. A bill moving forward in Congress would block the IRS from taxing most medals or other prizes awarded to U.S. Olympians. The U.S. Olympic Committee awards cash prizes to Olympic medal winners: $25,000 for gold, $15,000 for silver and $10,000 for bronze. Because the money is considered earned income, it is taxed — a practice some lawmakers refer to the "victory tax." (AP Photo/Michael Sohn)
Associated Press | September 22, 2016 2:23 pm
Congress moves to block ‘victory tax’ on Olympic athletes