Collin Morikawa made history Sunday by winning his first career major championship at the age of 23. The young superstar blew past the field at the back nine to win the 2020 PGA Championship at TPC Harding Park. Along with his profit, Morikawa also scored a massive payday of $ 1.98 million.
Well, that’s at least what he would have paid if a piece of small thing called taxes did not exist. Before Morikawa got his hands on his $ 1.98 million profit, the government took nearly $ 1 million away from the champion.
Collin Morikawa won the 2020 PGA Championship for his first major career
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Collin Morikawa has only been able to legally drink beer for two years, but he is already one of the best golfers in the entire world. He proved it again Sunday, cruising to his third career PGA Tour win and his first major championship.
Morikawa shot a blowing 6-under-64 to blow past third-round leader Dustin Johnson and the rest of the pack. He grabbed his win with a nobility at the par-4 16th hole to take a two-stroke lead over the field, and he never looked back.
With the win, Morikawa became just the fourth golfer to ever win a Wanamaker Trophy at 23. The other three? Oh, just Jack Nicklaus, Tiger Woods, and Rory McIlroy. And before you even ask – yes, he is that good.
Morikawa jumped to no. 5 in the world after his historic win. He has the potential to become one of the very ones when all is said and done. Morikawa is just at the beginning.
Morikawa scored a massive payday of $ 1.98 million for the profit
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The PGA Championship has the fifth-highest scholarship on the PGA Tour in 2020. The $ 11 million scholarship will be awarded to the top players in the field, with $ 1.98 million to the champion.
When the dust settled Sunday afternoon in San Francisco, California, Morikawa had about 1.98 million reasons to celebrate. Priced at nearly $ 2 million, Morikawa is the biggest of his young career.
The $ 1.98 million prize is perhaps Morikawa’s most lucrative, but he has already lost $ 1 million of that in taxes.
Morikawa has already lost nearly $ 1 million of its profits from taxes
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Oh, taxes. Nobody loves her. Everyone has to make it up.
This is especially true in California, where the income tax rate of 13.3% is the highest in the country. Since TPC Harding Park is located in California, Morikawa’s earnings from his winnings in PGA Championship taxes have been taxed under the state’s system.
Instead of the $ 1.98 million that Morikawa would have received for his profit, he will only bank $ 990,000 after tax. He lost nearly $ 1 million of his prize money to the state and federal government.
Collin Morikawa probably wishes he won his first major in another state, but a payday of $ 1 million is not too bad for a child who just graduated from college a year ago. Do not feel too bad for Morikawa. There will be a lot of profit and a lot more money in the coming years.
