Connect with us

19th Hole

The estimated tax Tiger Woods pays per day revealed

Published

on

Athletes’ wages comprise much more than just performance pay.

The revenue brought in via advertising, promotions, television rights all count to their income as much as pure talent and numbers, and with US Tax Day just behind us, bookies.com ran the data to find out just how much tax these superstars pay.

Taking 30 of the very highest-paid athletes, the moguls ran their income through the various tax laws in each of their home states to reveal the real winners and losers.

Of the highest taxed stars, the site reveals that 26 of the top-30 are NBA and NFL stars. Topping the list of most taxed according to the pure figures is LA Lakers’ LeBron James.

Forbes reports the 16-time All-Star pick to have earned $96.5 million last year, lending itself to a tax bill of $58.98 million, or just under $140k a day, his numbers exacerbated by his home state, California, the region with the highest income tax rate in the States.

Runner-up, Dak Prescott actually earns more, $107.5 million to be precise, but because he lives in Texas, a place with no additional state duty, he gets away with paying around $42 million, some $16 million less than the NBA star.

Basketball dominates the rest of the top-five with Stephen Curry, Kevin Durant and Russell Westbrook leading the way.

Once again, because of California’s tax rate, both Curry and Westbrook pay over half their salary in tax, combining to pay around $194k per day in revenue. KD, being in New York, gets away lightly with a circa $35 million bill on his $75 million earnings.

So where does golf fit in?

According to bookies.com, sitting just behind the top eight in the chart is Tiger Woods, the man that still moves the needle despite having played once in 18 months.

The 15-time major champion is estimated to have earned around $60 million last year, leading to a tax bill of around $65k per day, or $23.5 million per year.

Tiger’s great rival, Phil Mickelson, is the only other golfer in the top-20 of taxpayers, the man in a self-imposed exile paying $21.6 million in tax over the last twelve months.

Ok, so flip the figures.

The website then listed the top-20 players in order of their earnings after tax, demonstrating how much place of residency can affect net pay.

As suggested above, Prescott now leads the chart with an annual income of $65 million after-tax, with LeBron dropping to third behind Tom Brady, both taking home around $45 million.

Westbrook seems the most affected, another losing over half his income and netting under $28 million, but Tiger goes in the opposite direction, charting in fifth place and keeping over $36 million of his original 60.

Tiger may have a wry smile when seeing Phil’s name disappear off this chart but in comes Dustin Johnson as only the second golfer on this particular list – the number 11 earning $44.5 million and keeping just over $27 million of that.

Eye-watering amounts, for sure.

More from the 19th Hole

Your Reaction?
  • 81
  • LEGIT7
  • WOW30
  • LOL10
  • IDHT5
  • FLOP5
  • OB3
  • SHANK28

19th Hole

LET pro gives detailed financial breakdown of first week on tour…and the net result may shock you

Published

on

On Friday morning, Ladies European Tour player, Hannah Gregg, took to social media to share her weekly expenses playing on the LET.

“Expenses of my first week on Ladies European Tour: Flights: $2600 Work Visa: $350 

  • Food: $377 
  • Caddie: $0 because I have an amazing Fiancé 
  • Hotel: $0 because  @GregChalmersPGA sorted me host housing for the week!  
  • Rental Car: +0 because the Tour Tee guys GAVE me their car  
  • Gas: $165 
  • Entry Fee: $130 
  • Lounge Pass for caddie: $50 
  • Gym: $0 
  • Yardage book: $0 
  • Total expenses: $3672 

Made cut, finished 54th, total earned: $1244 Factor in 35% tax on earnings. To break even, needed to finish 24th. To make money, 21st. Guess we have our goals laid out for next event!”

When factoring in Gregg’s free housing, free caddie and free rental car, it’s evident that most LET players would have to finish well inside of the top-20 to make any money.

With ridiculous amounts of money being thrown around in professional golf these days, it’s important to remember the other side of the coin as well. There are countless professionals out there who struggle to get by on their golf salary.

More from the 19th Hole

Your Reaction?
  • 3
  • LEGIT2
  • WOW5
  • LOL1
  • IDHT1
  • FLOP0
  • OB0
  • SHANK2

Continue Reading

19th Hole

54-hole golf tour deemed eligible for OWGR points…but it’s not LIV

Published

on

After a seventeen-month application process, a 54-hole golf tour was deemed eligible for OWGR points.

Unfortunately, for LIV Golf and their fans, it was the Clutch Pro Tour.

After the decision, which is effective immediately, OWGR chairman Peter Dawson issued a statement.

“This is a significant milestone for golf, and OWGR is deeply encouraged by the achievement and the continued efforts in developing the sport of golf in the United Kingdom.”

“We look forward to watching the progress of the Clutch Pro Tour as it continues to play a key role in the development of players from the region,” Dawson added.

The Clutch Pro Tour operates in the United Kingdom and features a 36-hole cut. It also has an open qualifying school.

More from the 19th Hole

Your Reaction?
  • 4
  • LEGIT1
  • WOW1
  • LOL2
  • IDHT0
  • FLOP0
  • OB2
  • SHANK5

Continue Reading

19th Hole

Charlie Woods attempting to qualify for spot at 2024 U.S. Open

Published

on

As first reported by Bob Harig of Sports Illustrated, Charlie Woods will be attempting to qualify for this year’s U.S. Open at Pinehurst No. 2.

The first stage of qualifying for this year’s tournament will be an 18-hole local event on Thursday, April 25th, in Port St. Lucie, Florida.

There will be 84 players in the field, five of which will reach the 36-hole qualifier that will take place in June.

Earlier this season, Charlie attempted to qualify for the Cognizant Classic, and struggled, shooting an 86.

If the younger Woods is able to qualify, he will tee it up in the same field as his father in a few months at one of the more historic U.S. Open venues.

More from the 19th Hole

Your Reaction?
  • 3
  • LEGIT0
  • WOW0
  • LOL3
  • IDHT0
  • FLOP2
  • OB1
  • SHANK6

Continue Reading

WITB

Facebook

Trending