One report suggests Mickelson may pay over 60 percent of his $1.43 million out in taxes to the UK, IRS and California. As Breitbart Sports reported, athletes are taxed based on where they earn the money (away games go to the state in which a game was played, etc.), but whether California collects their 13.3 percent of the $1.43 million since Mickelson decided not to leave the state is small change compared to what California may get from him after the win in Scotland. Forbes points out the that the bigger impact of Mickelson’s win will be in extending and potentially even expanding the $36 million a year he gets from endorsements from companies such as KPMG, Barclays, and Callaway. If the British Open win increases his sponsorship by just $2 million, California would receive $5 million in state taxes from him.
Posted on: Mon, 22 Jul 2013 13:25:52 +0000
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