Congratulations to Patrick Reed on his victory at Bethpage Black and his 7.35% state income tax tag.
Barclays purse information
2016 The Barclays Prize Money Distribution and N.Y. Income Tax Implications
The FedEx Cup Playoffs begin today at historic Bethpage Black in Farmingdale, New York. That location and zip code have been used to calculate the state income tax associated with each finishing place for this $8.5 million purse.
I still used a standard cut to 70 players, even though I’m quite sure this cut (and all future cuts remaining for this year) and treated differently due to the arduous rules of the FedEx Cup Playoffs.
# of Players in the Field: 125
Amount to Winner (after taxes): $1,417,604.00
Purse Breakdown:
Golf Moola 