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Miscellany

Phil Mickelson Will Reportedly Take Home Less Than 40% of His Winnings After the British Open

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Phil Mickelson had a very good two week stretch in Scotland, winning the Scottish Open and British Open. His winnings equate to over $2 million U.S. dollars, and according to Forbes, he will pay over 61% in taxes collectively. He will pay 44% to Scotland, which taxes at 45% for the highest income bracket, and also taxes non-residents for their endorsement income during time spent in the country. He will also pay self-employment and medicare surtax, as well as 13.3% to California, where he resides.

Earlier this year, Mickelson complained about the tax rate he was paying. Of course, then, he said that his tax rate was 62 or 63%. Sounds like he is doing pretty good in Scotland, then, walking away with net winnings of about $842,700.

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