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The estimated tax Tiger Woods pays per day revealed

Published

2 years ago

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.

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19th Hole

Report: Tiger Woods voted against Rory McIlroy returning to policy board; Will be the only player negotiating directly with Saudis

Published

15 hours ago

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May 9, 2024

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According to a report from The Telegraph, the relationship between Tiger Woods and Rory McIlroy has soured.

Last week, reports surfaced that McIlroy, who was a member of the PGA Tour policy board during most of the past few years, was looking to rejoin the board, presumably taking Webb Simpson’s seat.

However, on Wednesday, McIlroy revealed that he will not be rejoining the policy board, due to people on the board being “uncomfortable” with that “for some reason.”

The Telegraph has reported that Tiger Woods was among the players who voted against McIlroy returning to the policy board.

The divide is apparently due to McIlroy pushing for the game of golf to unify, whereas Woods, reportedly, believes the PGA Tour is in a fine position where it currently stands.

The Associated Press added another wrinkle to the situation, reporting that Woods is the only player who will be negotiating directly with the Saudis.

The other members of the committee are PGA Tour commissioner Jay Monahan, board chairman Joe Gorder, John W. Henry of Fenway Sports Group, and Joe Ogilvie, who was a former PGA Tour player.

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19th Hole

Phil Mickelson reveals he won’t be pursuing broadcasting career when he retires from golf

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2 days ago

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May 8, 2024

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On Tuesday, Chris McKee, a Toronto writer and radio host, wondered aloud on his X account if Phil Mickelson will be a commentator after his playing days are over.

“The second Phil Mickelson retires he’ll instantly become the most sought after TV analyst in golf. Would any PGA Tour broadcaster (CBS, ESPN, NBC or Sky) bring him in or would he have to stick to LIV broadcasts? #LIVGolf”

Mickelson saw the post and responded, saying he’s not interested in moving from the course to the broadcast booth.

“Thank you for the kind words. However, just cuz someone CAN do something doesn’t mean they SHOULD do it. Instead of commentating, I’m going to shoot some Pros vs Schmos 9 hole matches. I’ll share insights throughout as well as talk a little smack. It won’t be the highest quality video but it’ll be fun for me to do and fun to watch I think too.”

While I believe many fans would like to see Phil in the booth, his idea of “Pro’s vs Schmo’s” could certainly be intriguing.

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PGA Tour pro sounds off on ‘unfair’ PGA Championship invites

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2 days ago

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May 8, 2024

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This week, the PGA of America made some surprising announcements regarding the field of next week’s PGA Championship at Valhalla.

The event now will feature 16 LIV players with Talor Gooch, Dean Burmester, David Puig, Adrian Meronk and Patrick Reed receiving special exemptions.

PGA Tour player, Dylan Wu, took issue with how the exemptions were used and went to X to share his thoughts.

“Why is there never “real” qualifications for the PGA Championship? You have a points list and World ranking invite. Usually just outside top 100 in OWGR gets in. Chan Kim ranked 104th in OWGR doesn’t get in. SH Kim at 107th isn’t in.”

“Jesper Svennson ranked 108th gets in. Tim Widing 120th gets in. Ryder Cup captain Luke Donald gets a spot. A bunch of guys get leapfrogged even though they’re ranked higher than others. Seems like they just invite whoever they want. Unfair to the guys on the edge like Chan and SH”

“Just seems like the world of professional golf is in a weird spot and I love that the tournament invited a handful of great LIV players but figure out a correct system for a major championship where guys know they’ll be in or not. ????”

Fans who replied to Wu seemed to agree that a more definitive ranking system for the PGA Championship should be established.

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