WASHINGTON -- U.S. Olympic athletes would be exempt from a so-called victory tax under legislation recently approved by Congress and sent to the president.The Senate gave final legislative approval Thursday to a bill that would block the IRS from taxing most medals or other prizes awarded to U.S. Olympians.The U.S. Olympic Committee awards cash prizes to medal winners: $25,000 for gold, $15,000 for silver and $10,000 for bronze. Thats in addition to the cash value of the medals themselves -- about $600 for gold, $300 for silver. Bronze medals have little monetary value.Because the money is considered earned income, it is taxed -- a practice some lawmakers refer to the victory tax.The bill would still allow Olympic taxes on high-profile athletes such as swimmer Michael Phelps or NBA star Carmelo Anthony who earn more than $1 million a year.For Phelps, the tax bill for his five golds and one silver won in Rio could be steep -- as much as $55,000. Gymnast Simone Biles faces a possible $43,000 tax bill for her haul of four golds and one bronze.The Senate vote came as President Barack Obama and first lady Michelle Obama hosted several hundred members of the 2016 U.S. Olympic and Paralympic teams at the White House. The U.S. won 121 medals at the Rio Olympics, including 46 gold medals.The president applauded American women for their performance in the Summer Games, where they won 61 medals, the most ever.2016 belonged to Americas women Olympians, he said, singling out Biles, swimmer Katie Ledecky and track star Allyson Felix. Obama also hailed Phelps, the most decorated Olympian of all time with a total of 28 medals.Sen. Chuck Schumer, D-N.Y., said many countries subsidize their Olympic athletes. The least we can do is make sure our athletes dont get hit with a tax bill for winning a medal, he said. Cheap Raiders Jerseys . -- Josh Sterk scored once and set up two more as the Oshawa Generals edged the visiting Belleville Bulls 3-2 on Friday in Ontario Hockey League action. Maurice Hurst Stitched Jersey . Vokoun departed practice on Saturday morning after discovering swelling in his thigh. He was taken to a local hospital where the clot was revealed. The club announced the surgery following a 5-3 exhibition loss to the Columbus Blue Jackets. http://www.officialraidersnflauthenticshop.com/marcell-ateman-stitched-jersey/ . By having more great seasons. Manning was the only unanimous choice for the 2013 Associated Press NFL All-Pro team Friday. Womens Raiders Jerseys . The Vancouver coach and an announced sellout crowd of 18,910 watched in dismay as the Canucks lost 7-4 to the New York Islanders on Monday night by squandering a 3-0 lead in the third period. P. J. Hall Stitched Jersey .C. -- Glenn Howard needed an extra end to move into the Masters Grand Slam of Curling final. Unless youve been living under a rock or just not reading this or any other website for the past week, you probably know that Laurie Hernandez will be competing for the coveted mirror ball trophy on Monday night on Dancing with the Stars.The two-time Olympic medalist, who has been the frontrunner all season with partner Val Chmerkovskiy, puts her dancing skills to the ultimate test against three other impressive stars -- former Detroit Lions wide receiver Calvin Johnson, IndyCar driver James Hinchcliffe and country singer Jana Kramer.But despite what is at stake, it looks like all four of them get along pretty well.Hernandez, for her part, will likely be getting a ton oof support from her gymnastics pals throughout the evening.dddddddddddd Gold medalist and former DWTS contestant Nastia Liukin already sent a sweet message on Twitter on Monday morning.Will any of her Final Five teammates be in the audience? Will Hernandez dance her way to the trophy? WILL ONE OF THE OTHER THREE PULL OFF THE ULTIMATE UPSET AND WIN? I honestly have no idea. I guess well all just have to watch and find out.See something entertaining on social media that you think deserves to be shared? Let me know on Twitter, @darcymaine_espn. China NFL Hoodies Wholesale Nike NFL Jerseys Cheap Nike NFL Jerseys NFL Jerseys Cheap Cheap Jerseys Online Wholesale Jerseys 2018 Cheap NFL Jerseys Wholesale ' ' '