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Nationally, A.Y.S.O. local branches typically spend as much as  12 percent of their yearly budgets on trophies. It adds up: trophy and award sales are now an estimated $3 billion-a-year industry in the United States and Canada.
According to Americans for Tax Reform, a group supporting the bill, those in the top tax bracket â like skier Ted Ligety, ice dancers Meryl Davis and Charlie White, or any U.S. hockey player â will pay 39.6 percent, or $9,900, on a gold medal â while those in the bottom tax bracket will pay 10 percent, or $2,500, for a gold.