Q: Todd, there were plenty of U.S. athletes who brought home hardware from the Olympics in Rio. Do they get paid for those medals?
A: This is a good question. Yes, American athletes are paid for their medals by the U.S. Olympic Committee. Each gold medal is worth $25,000, a silver pays $15,000, and a bronze is worth $10,000.
But there’s a caveat to these bonuses. Unlike other countries who pay athletes for Olympic medals, American Olympians are taxed on those winnings, and many of them are paying at about the 39 percent bracket. As an example, let’s use Michael Phelps. He won five gold medals and a silver. That’s $140,000, but he’s going to have to pony up to Uncle Sam more than $54,000, according to Americans for Tax Reform. Even the medals are taxed. Gold medals aren’t made of gold. They’re mostly made of silver with gold paint. A medal is worth about $600, and taxes must be paid on those.
Q: Any idea what’s going in where the old Max and Erma’s used to be in Belden Village?
A: Ever hear of Burntwood Tavern? It is a chain restaurant that is chic (think Crocker Park). According to the company’s website, a Burntwood is opening soon at the Max and Erma’s location. Burntwood Tavern prides itself on a rustic dining experience with a menu driven by smoked, planked and wood-grilled foods. As you might expect, Burntwood has a nice selection of draft, bottled beers and cocktails.
Q: Who is the oldest elected official in Stark County?
A: Unlike judges, many elected offices do not have mandatory retirement ages. Stark County Coroner Dr. P.S. Murthy is 82 and is seeking re-election in November. If Murthy wins and finishes his term, he would be 86. Murthy does not perform autopsies like he used to and has transitioned into more of an administrator in the office.
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