has shed light on a financial challenge that even top athletes struggle to overcome—the American tax system.

In a candid conversation on the podcast, the two-time Olympic medalist opened up about the financial missteps she made early in her career and how taxation in the U.S. has hindered her ability to build wealth.

, Thomas found herself in a new world—one where winning medals also meant increased earnings and exposure to a more extravagant lifestyle.

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«Once you start winning, you’re introduced to different people and different types of lifestyles, and it’s kind of expected that you’re spending more money,» she explained.

, including a Tesla that she no longer owns.

«I didn’t like the car; it was such an impulsive purchase. Now, I drive a Toyota—Toyota gang,» she joked.

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Thomas’ biggest financial lesson came from purchasing a second home in Texas.

While she believed she was making a smart investment, the reality of property taxes quickly became a burden.

«I bought a second home in Texas, and the property taxes are insane. I rent it out now to cover my mortgage, but I can’t beat those taxes,» she admitted.

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Like many, but she soon learned that the state compensates through high property taxes.

«I thought, ‘Oh, Texas is great, no state income tax, I’ll make so much money,’ but they get you in other ways,» she said.

Thomas’ experiences highlight a broader issue in the U.S. financial system—how taxation and financial planning challenges impact even high-income earners.

Despite her Olympic success and lucrative sponsorship deals,

Her accountant even pointed out that she doesn’t spend enough, an irony considering the financial struggles many professional athletes face.

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«We were going through all my taxes, trying to figure out what I could deduct, and he was like, ‘You don’t spend enough.'»

Ultimately, , especially for young athletes who suddenly come into wealth.

Her journey underscores the importance of proper research and financial planning to avoid costly mistakes.

Though she has learned from her early experiences, Thomas’ reflections reveal a harsh truth—even Olympians aren’t immune to the financial hurdles built into the American system.

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