Old 01-28-2013, 11:25 AM
wahoo wacker
Senior MemberCaptains Club Member
Join Date: Dec 2003
Location: Middle Sound, NC
Posts: 1,742

Every endorsement contract and all prize money (less expenses) that phil wins are taxed at ordinary income...so the argument about the 1% only paying 15% (capital gains, dividends, etc) would not really apply to his situation.
wahoo wacker is offline