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Saturday, 20 August 2016

Rio Olympics: Should There Be a Medal Tax?

Posted by Anup Baral | August 20, 2016 :
Team USA Olympians such as Simone Biles and Michael Phelps get bonuses for each medal they win, and the IRS counts that as taxable income. But some lawmakers are hoping to change that. Photo: AP.
Olympic medal winners like Missy Franklin, Michael Phelps and Gabby Douglas from Team USA will have to pay taxes on their gold, silver and bronze, and the cash bonuses that come with them. But Senator Marco Rubio has introduced a bill to make things easier on athletes. Len Berman has the story.

Traveling gives us the opportunity to disconnect from our regular life. You get to forget your problems/issues for a few weeks, it can also help you figure things out that you would not have understood without the distance traveling can give you. We all have crazy schedules, work and a family to take care of, going away alone or with some friends can give you distance and perhaps even make you realize how important these people are for you. Like the saying says: we never know what we have until we lose it.

Another great benefit is the relaxation you get to do. It’s nice to live life to its fullest and enjoy a stress free time with yourself. Going on vacation lets us recharge our “batteries” by disconnecting us from our regular life. When we come back we feel invigorated and we are happy to be back in our day to day routine. It’s a very good stress remover that has a lot more to give than most people are willing to accept.

Traveling increases our knowledge and widens our perspective. To view new customs, different ways of living is fantastic for the mind. It gives us a new perspective about life and especially our life, it can help us change some of our habits or even create new ones. When I travel I usually make it a point to try new food, some cultures don’t have fries in their diet and they are all skinny, others use spices to give taste and not oils or fats. Discovering different values and ways to get by in life is really interesting. You also need to visit exotic new places and discover what this wonderful world has to offer.