The projection for a PGA golfer who earns the average tour income and endorsement income and who's a resident of Florida. Prepared by Boca Raton-based CPA Art Hurley, the projection assumes the golfer is a resident of Florida, plays in 30 tournaments in a year — 12 in states with no state income tax — and that travel, lodging and meals are for both the player and caddie.
| Income |
| Tour earnings |
$1.25 million |
| Endorsements |
$4.0 million |
| Gross income |
$5.25 million |
| |
| Expenses |
| Agent fees |
$525,000 |
| Attorney fees |
$262,500 |
| Golfer's salary |
$250,000 |
| Accounting/financial |
$105,000 |
| Lodging/meals |
$90,000 |
| Caddie |
$62,500 |
| Golf coach |
$50,000 |
| Travel/transportation |
$39,000 |
| Retirement plan |
$32,500 |
| Entrance fees |
$30,000 |
| Trainer/ massage therapy/ chiropractor |
$25,000 |
| Golf psychologist |
$25,000 |
| Office expense/ telephone/ internet |
$12,000 |
| Payroll taxes |
$10,499 |
| Income taxes/ other taxes(Federal/ state/ FICA/ Medicare/ self-employment) |
$1,444,491 |
| Total expenses |
$2,963,490 |
| |
| Net cash flow |
$2,286,510 |
