The PGA Championship's Hidden Tax Burden Professional golf's high stakes tournaments may seem glamorous to fans, but behind the scenes lies a complex web of taxes and expenses that players must navigate.
According to Frank Marzano, a seasoned CPA and golfer, professional golfers face unique financial challenges that few outsiders fully grasp.
The PGA Championship's lucrative prize fund is subject to federal and state income taxes, as well as potential withholding on foreign earnings. The winner of this year's tournament can expect to take home around $3.