APPLICATION » prizes to medal winners: $25,000 for gold,

WASHINGTON -- U.S. Olympic athletes would be exempt from a so-called victory tax under legislation approved by Congress and sent to the president.The Senate gave final legislative approval Thursday to a bill that would block the IRS from taxing most medals or other prizes awarded to U.S. Olympians.The U.S. Olympic Committee awards cash prizes to medal winners: $25,000 for gold, $15,000 for silver and $10,000 for bronze. Thats in addition to the cash value of the medals themselves -- about $600 for gold, $300 for silver. Bronze medals have little monetary value.Because the money is considered earned income, it is taxed -- a practice some lawmakers refer to the victory tax.The bill would allow Olympic taxes on high-profile athletes such as swimmer Michael Phelps or NBA star Carmelo Anthony who earn more than $1 million a year.For Phelps, the tax bill for his five golds and one silver won in Rio could be steep -- as much as $55,000. Gymnast Simone Biles faces a possible $43,000 tax bill for her haul of four golds and one bronze.The Senate vote came as President Barack Obama and first lady Michelle Obama hosted several hundred members of the 2016 U.S. Olympic and Paralympic teams to the White House. The U.S. won 121 medals at the Rio Olympics, including 46 gold medals.The president applauded American women for their performance in the summer games, where they won 61 medals, the most ever.2016 belonged to Americas women Olympians, he said, singling out Biles, swimmer Katie Ledecky and track star Allyson Felix. Obama also hailed Phelps, the most-decorated Olympian of all time with a total of 28 medals.Sen. Chuck Schumer, D-N.Y., said many countries subsidize their Olympic athletes. The least we can do is make sure our athletes dont get hit with a tax bill for winning a medal, he said.---Follow Matthew Daly: https://twitter.com/MatthewDalyWDC Cheap Vans Canada Free Shipping . -- Golden State Warriors coach Mark Jackson asked his players a simple question during Fridays morning shootaround: How many of them had ever been on a team 14 games over . Wholesale Vans Canada From China . Emery skated the length of the ice and fought an unwilling Holtby during the third period of the Flyers 7-0 loss Friday night in Philadelphia. He was given 29 penalty minutes, including a game misconduct. But Emery did not face even a disciplinary hearing with NHL senior vice president of player safety Brendan Shanahan because rules 46. http://www.vanssalecanada.com/ .Y. -- Jayna Hefford scored the winning goal Friday as Canada survived a scare with a 4-3 win over Sweden at the Four Nations womens hockey tournament. Vans Shoes Canada . The All-Pro lineman got the leg bent under him while trying to make a tackle during the first half of a 22-20 overtime loss at Miami on Thursday night. The medical staff initially thought hed torn the ligament, and the test a day later in Cincinnati confirmed it. Vans Canada Sale . A big centre with all the tools to be an elite player, Johansen paced the Blue Jackets with a standout game Saturday night. He had a goal and two assists for a career-high three points as Columbus beat the New York Islanders 5-2 to snap a five-game losing streak.TORONTO -- The Baltimore Orioles optioned right-hander Jake Arrieta to Triple-A Norfolk and designated right-hander Alex Burnett for assignment on Thursday. The moves were made to clear a roster spot for rookie right-hander Kevin Gausman, the fourth overall pick in the 2012 draft. He is being promoted from Double-A Bowie to make his major league against the Blue Jays on Thursday night. The 22-year-old Gausman has only 13 games of professional experience.dddddddddddd He went 2-4 with a 3.11 ERA at Bowie this season, striking out 49 and walking five in 46 1-3 innings. Arrieta is 1-1 with a 6.63 ERA in four starts this season. He went 3-9 with a 6.20 ERA last year. Burnett pitched in two games for the Orioles, allowing three runs and four hits in 1 1-3 innings. ' ' '