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🛠️
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00:00Among the best-rewarded French athletes at the Olympic Games,
00:03we find the Toulousan Léon Marchand who wins the sum of €340,000.
00:07In second position, Teddy Riner with €160,000
00:10and in third position, another judoka, Johann Benjamin Gaba with €120,000.
00:15There is an important detail not to be forgotten.
00:17Since the Tokyo Olympics in 2021, prizes are subject to tax on income.
00:21Their exact rate depends on many factors, such as the family situation and other income.
00:26However, they will all benefit from a tax cut of 10% on their prizes.
00:31For example, for Léon Marchand, who accumulates €340,000 in prizes,
00:34he will be charged €34,000.
00:36The base of his taxable income will therefore be €306,000.
00:40For the rest, you have to refer to the tax balance on income
00:43and rely on special conditions related to French athletes who do not reside in France,
00:48since the swimmer resides in the west of the United States.
00:51To minimize their taxes,
00:52athletes can use tax devices such as the 4-year bonus or the smoothing device,
00:58which can reduce their tax rates.