BRAZIL - Gold Olympic medals are not made out of gold! The 1912 Summer Olympics in Stockholm was the last time olympians received medals made with expensive precious metals. According to Yahoo Sports a bronze medal is worth less than the cost of a Big Mac but that won't stop the United States government from making each athlete pay up big time when they return home. The actual value of a gold medal is $565 while a silver medal is worth $315 and a bronze only $2.38.
The U.S. Olympic Committee pays each Olympic athlete a cash bonus for every medal they win. $25,000 for gold, $15,000 for silver and $10,000 for bronze. Americans for Tex Reforms says American Olympians will be hit with a huge tax bill for their winnings. The group estimates athletes can pay up to $9,900 per gold medal, $5,940 per silver medal and $3,960 for every bronze medal won.