Athletes who win Olympic gold medals also receive a cash award of $ 25,000. In 2012, President

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Athletes who win Olympic gold medals also receive a cash award of $ 25,000. In 2012, President Obama supported legislation proposed by Senator Marco Rubio to exempt these winnings from federal taxation [Parnes, 2012]. Is this proposal consistent with taxation based on the Haig- Simons criterion?
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Public Finance

ISBN: 978-0078021688

10th edition

Authors: Harvey Rosen, Ted Gayer

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