Wed 08 Aug 12 | 11:10 AM ET

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Santelli: Even Olympians Need to Pay Their Taxes

Wed 08 Aug 12 | 11:10 AM ET

In this excerpt from his "Santelli Exchange," Rick says the understandable desire of the American people to excuse U.S. Olympians from paying taxes on their winnings is an example of how the country's tax code has become "horrible." He then ties that view to the ongoing debate in Washington on whether wealthier Americans should have their Bush-era tax cuts continue and how "wealthy" is defined.

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Is the Deficit Being Cut Too Fast? Fri 17 May 13 \| 07:53 PM	Bad Week for Obama Fri 17 May 13 \| 07:42 PM	Tim Cook Says Corporate Taxes Too High Fri 17 May 13 \| 07:30 PM	Who Really Wins In Powerball? Fri 17 May 13 \| 07:26 PM	Are Investors All-In on the Rally? Fri 17 May 13 \| 07:15 PM
The IRS Takes a Grilling Fri 17 May 13 \| 07:00 PM	Cramer's Final Thoughts Fri 17 May 13 \| 06:59 PM	No Huddle Offense Fri 17 May 13 \| 06:53 PM	Mad Tweets Fri 17 May 13 \| 06:48 PM	Lightning Round Fri 17 May 13 \| 06:40 PM
Companies That Shine After Spinoffs Fri 17 May 13 \| 06:29 PM	Bargain in a Roaring Market Fri 17 May 13 \| 06:15 PM	The Week Ahead: Next-Gen Xbox Fri 17 May 13 \| 06:02 PM	Mad Money: Cramer's Gameplan Fri 17 May 13 \| 06:00 PM	Mad Money, May 17, 2013 Fri 17 May 13 \| 06:00 PM
Press Your Gold Shorts Fri 17 May 13 \| 05:53 PM	Options Action, May 17, 2013 Fri 17 May 13 \| 05:53 PM	Hollywood Starlet Makes Options Trade Fri 17 May 13 \| 05:46 PM	Late-Stage Rally Plays Fri 17 May 13 \| 05:35 PM	Tesla Shares Go Into Overdrive Fri 17 May 13 \| 05:30 PM
Fast Money Final Trade Fri 17 May 13 \| 05:28 PM	Date, Dump or Marry Facebook Fri 17 May 13 \| 05:23 PM	Fast Money's 'Best of the Week' Fri 17 May 13 \| 05:20 PM	Stock Pops & Drops Fri 17 May 13 \| 05:19 PM	Disruptors Shaking Up the Energy Industry Fri 17 May 13 \| 05:14 PM
How Gold's Plunge Pressures Miners: CIO Fri 17 May 13 \| 05:06 PM	Stocks Surge on Strong US Dollar: Pro Fri 17 May 13 \| 05:01 PM	Gold's Worst Week in More Than 4 Years Fri 17 May 13 \| 05:00 PM	Maria's Market Insight Fri 17 May 13 \| 04:59 PM	Jennifer Aniston: From 'Friend' to Entrepreneur Fri 17 May 13 \| 04:55 PM

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Santelli: Even Olympians Need to Pay Their Taxes

Santelli: Even Olympians Need to Pay Their Taxes

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