Interesting ..“@GolfTourNews: Turbo-Taxing The Tour Pros: So a guy like Rickie Fowler, who won money in 13 states....

Peter Finch: Money Clip - Turbo-Taxing The Tour Pros:

golfdigest.com 22 Jan '13, 1pm

Interesting ..“@GolfTourNews: Turbo-Taxing The Tour Pros: So a guy like Rickie Fowler, who won money in 13 states....

Like many golf fans, you might have fantasized about making a brilliant shot to capture a tournament and hoisting one of those oversize winner's checks. It's a safe bet your fantasy ended before you had to deal with the tax consequences, but I'm here to tell you they're big -- and only getting more so. I know, it's hard to generate much sympathy for professional golfers when it comes to their finances. Even after taxes, the average PGA Tour player makes more money in a year than many will see in a lifetime. (Last year, Angel Cabrera was closest to the mean income for active tour players with winnings of $1.26 million. Golf Digest estimates he made another $4 million in endorsements.) Yet their tax situation is worth a look because it raises interesting questions about the nature of income -- and in fact, it might affect where and when golfers choose to compete. Just like y...

Full article: http://www.golfdigest.com/magazine/2011-04/peter-finch-fi...

Tweets

@GolfPredictor » 23 Jan '13, 9am
The complex tax situation of the poor little rich pro! [link] #golf
@WillowsGolf » 23 Jan '13, 3am
RT @MoonlakeGolf: Interesting ..“@GolfTourNews: Turbo-Taxing The Tour Pros: So a guy like Rickie Fowler, who won money in 13 states.... [link]”
@MoonlakeGolf » 23 Jan '13, 2am
Interesting ..“@GolfTourNews: Turbo-Taxing The Tour Pros: So a guy like Rickie Fowler, who won money in 13 states.... [link]”
@GolfTourNews » 23 Jan '13, 1am
Turbo-Taxing The Tour Pros: So a guy like Rickie Fowler, who won money in 13 states with income taxes last year,... [link]
@Pete_Finch » 22 Jan '13, 1pm
Here's a column I wrote about pro golfers and their taxes a while back. The gist: They can run, but they can't hide. [link]
@steve_golf » 23 Jan '13, 6am
Turbo-Taxing The Tour Pros [link]
@MichaelDick01 » 23 Jan '13, 4am
RT @MoonlakeGolf: Interesting ..“@GolfTourNews: Turbo-Taxing The Tour Pros: So a guy like Rickie Fowler, who won money in 13 states.... [link]”
@golf_balls » 23 Jan '13, 2am
Turbo-Taxing The Tour Pros [link]
@GolfHouse_id » 23 Jan '13, 2am
Turbo-Taxing The Tour Pros: So a guy like Rickie Fowler, who won money in 13 states with income taxes last year,... [link]

Peter Finch: Money Clip - Turbo-Taxing The Tour Pros:

Interesting ..“@GolfTourNews: Turbo-Taxing The Tour Pros: So a guy like Rickie Fowler, who won money in 13 states....

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