27.5% = Percentage of professional golfers whose Take Home Pay was reduced by at least $50,000
80% = Percentage of professional golfers whose Take Home Pay was below $100,000
43.75% = Percentage of professional golfers who made the cut and whose Take Home Pay was $0
Another tournament for professional golfers in Florida means ZERO state income tax is paid by any individual who made money, leaving for a large pay day.
Six professional golfers had a federal income tax payment of over $100,000 from their winnings this past weekend.
An $11 million purse (apologies for the wrong number use before) as well as: 1) more than 70 golfers making the cut, and 2) some “Made Cut yet Did not Finish” (what is called MDF golfers here) allows for some fun calculations to determine dollars made at Sawgrass this year.
Be sure to check out our Rationale tab later in the week that provides the foundation for calculating purse distribution at professional golf events.
This is a new post that will be incorporated each week, showing the potential dollars to be made by professional golfers if they were to finish “solo” (i.e., not tied with any other professional golfer) in the field. All dollars are before business expenses and taxes paid.
3.75% = percentage of professional golfers whose total Take-Home Pay was reduced by more than $100,000
36.25% = percentage of professional golfers whose Take-Home Pay was at least $10,000
56.25% = percentage of professional golfers that had zero Take-Home Pay
Another tournament in Texas means another week where ZERO state income tax is paid by any professional golfer. It’s another great opportunity for each player’s take-home pay to be a substantial amount of money.
Here are the tax rates used to determine how much each professional golfer owes in federal income tax:
An interesting issue arose. While calculating this purse distribution based on percentages, the numbers used for this site were not matching with the PGA Tour’s website. This potentially could be due to 80 players making the cut, and additional dollars being distributed in a different way for those players who finished at or below T-50. Will try and connect with someone at the PGA Tour soon on the matter.
5.26% = Percentage of professional golfers whose Take Home Pay was reduced by more than $100,000
28.95% = Percentage of professional golfers whose Take Home Pay was at least $50,000
38.15% = Percentage of professional golfers who did not have any Take Home Pay after all expenses and taxes are paid. 29 professional golfers did not make any money, yet only 28 professional golfers were eligible to be paid due to an amateur making the cut.
Golf Moola 