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House Eliminates Tax on Olympic Medals

U.S. Olympic winners usually come home with a shiny medal and cash prizes, but they also find a hefty tax bill awaiting their return. But the Olympic "victory tax" may soon be eliminated. Congress passed a bill on Thursday that would exempt American athletes from paying taxes on their Olympic prizes. "Our Olympian and Paralympic athletes should be worried about breaking world records -- not breaking the bank -- when they earn a medal," Democratic Sen.
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