NBC Hosts Finally Find a Tax Cut They Like...for Olympians

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<p><em>More in the <a href="http://newsbusters.org/blogs/nb/kyle-drennen/2016/08/17/nbc-hosts-final…; target="_blank">cross-post</a> on the MRC&#39;s NewsBusters blog.</em></p>

<p>On Wednesday&rsquo;s NBC <em>Today</em>, co-host Matt Lauer and his colleagues were aghast Team USA&rsquo;s Olympic champions would be forced to pay taxes on their winning medals. Lauer proclaimed: &ldquo;Like other medalists, Michael [Phelps] receives a cash bonus for all the hardware. Guess what? He&rsquo;s gonna have to pay taxes on every single medal and every single bonus. It&#39;s called the victory tax.&rdquo;</p>

<p>He continued: &ldquo;And because the medals and bonuses are considered income, you pay taxes. So Michael could end up paying $55,000.&rdquo; Fellow co-host Hoda Kotb was incredulous: &ldquo;What?&rdquo; Weatherman Al Roker declared: &ldquo;That&#39;s crazy.&rdquo; Lauer asked: &ldquo;Thumbs up or thumbs down for the taxes?&rdquo; The <em>Today</em> cast and the crowd behind them all booed loudly. Roker replied: &ldquo;Thumbs down!&rdquo;</p>

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