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Noted and passed - Aug. 6, 2012
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• It’s a bit absurd that the U.S. government taxes the medals that this country’s Olympic athletes win. For those who take the top prize, the gold medal, they are expected to add $675 to their taxable income and fork federal taxes over on that amount. Sen. Marco Rubio of Florida will introduce a plan to abolish that tax, and it will be a miserly lawmaker, indeed, who doesn’t support such legislation. • Meanwhile, Olympic athletes are learning that it’s not wise to say exactly what they want on social media.