People who win big prizes shouldn’t get taxed when they give their windfalls away
- Written by Ellen P. Aprill, Professor of Law; John E. Anderson Chair in Tax Law, Loyola Law School Los Angeles
Obama's Nobel Peace Prize ceremony in OsloAP Photo/John McConnicoWhen former President Barack Obama won the Nobel Peace Prize in 2009, he didn’t keep the approximately US$1.4 million, converted from Swedish currency, that came with it. Instead the Nobel Prize Foundation transferred the money directly to Fisher House, a nonprofit that houses...
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