Phil Mickelson won the British Open and the Scottish Open the last two weekends. He’ll get to keep his two trophies, but he’ll never see much of the £1,445,000 — about $2,167,500 — he is due in prize money, according to Forbes.
Where will it go?
• About $954,000 will disappear thanks to Scotland’s 45 percent income tax rate at the highest level.
• Take out another $288,000 he’ll pay to his home state of California, at 13.3 percent.
• And about $82,000 for self-employment taxes (2.9 percent) and the Medicare surtax (0.9 percent).
That leaves about $843,000 from the original winnings — about 39 percent — but Forbes estimates additional expenses, including paying out his caddy, will leave Mickelson with only about 30 percent of his winnings for pocket money.
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