In the United States, money paid to Olympic medal winners is taxable.
Other countries' laws may vary.
2
Nothing
$1000
$15,000
I don't believe being paid is allowed
around $300 an hour
That will be based on the country. The US Olympic committee pays an award bonus of $25,000 for a gold medal.
Yes, they receive a bonus from the USOC (United States Olympic Committee). I believe that a Gold medal winner receives $25,000; Silver is $15,000; Bronze is $10,000. Does Michael Phelps get paid for all of his medals? I don't know.
Olympic athletes do not get paid for the medals they win. They do not receive pay for participating. U.S. medalists receive cash prizes from the U.S. Olympic committee. Gold medal winners receive $25,000, silver medal winners receive $15,000, and bronze medal winners receive $10,000.
The International Olympic Committee does not award cash prizes to the winners. Many countries, however, do offer cash prizes and other incentives to medalists. In 2012, American competitors who won Olympic medals were rewarded in cash by the US Olympic Committee. Gold medal winners received $25,000, Silver medal winners received $15,000, and Bronze medal winners received $10,000. However, the real money is earned through commercial endorsements. Some Olympians get paid a performance bonus from sponsors for winning a medal and may sign commercial endorsements that could wind up paying them millions.
Nobody's amateur anymore. Bolt got 13.1 million last year.
Yes, American Medal winners receive $25,000 for a gold, $15,000 for Silver, and $10,000 for Bronze. Paid by the US Olympic Committee.