Talor Gooch's LIV Golf Adelaide Earnings Reduced By Almost $2m
The Range Goats GC player won the event in Australia but had to be content with significantly less than his $4m earnings due to tax
Talor Gooch claimed his maiden LIV Golf title in Australia last month and with it the first prize of $4m. However, according to the American, significantly less than that made it as far as his bank account.
Gooch was a guest on the Fore the People podcast after the event and explained that, even though his prize money was identical to others who’ve won LIV Golf events, Australia’s tax laws left his total lower than he’d expected – to the tune of almost half.
He said: "It was a little bit disheartening seeing 47-and-a-half percent because Australian taxes [do] not enter the account. It comes, you know, almost it sometimes it’s like 48 hours, but it’s usually 24 hours after the direct deposit hits. It was a big one this last week, but yeah, it sucked that 47-and-a-half percent was withheld for Australian taxes, unfortunately. I am by no means complaining, but the four [million dollars], once you cut it all up, let’s just say that it’s lot less than four.”
Despite taking that hefty $1.9m hit, Gooch still netted $2.1m for his win, with further earnings going towards growing the franchise of the team he plays for, Range Goats GC.
Meanwhile, as well as those sizeable earnings, his bank balance was swelled further the next week when he became the first player to claim back-to-back LIV Golf titles with victory at Sentosa Golf Club in Singapore following a playoff win over Fireballs GC captain Sergio Garcia.
That win also moved Gooch to the top of the individual standings for the season ahead of Peter Uihlein, while Range Goats GC are fourth in the team standings.
Gooch will be looking for a hat-trick of wins in the next LIV Golf event, in Oklahoma, which begins on 12 May before his attention turns to the second Major of the year, the PGA Championship, which he has confirmed he has received his invite to.
Get the Golf Monthly Newsletter
Subscribe to the Golf Monthly newsletter to stay up to date with all the latest tour news, equipment news, reviews, head-to-heads and buyer’s guides from our team of experienced experts.
That also gives him the chance to qualify for June’s US Open despite revealing that the USGA had retroactively changed the exemption criteria, leaving his chances of qualifying for the Major at Los Angeles Country Club in doubt.
Mike has over 25 years of experience in journalism, including writing on a range of sports throughout that time, such as golf, football and cricket. Now a freelance staff writer for Golf Monthly, he is dedicated to covering the game's most newsworthy stories.
He has written hundreds of articles on the game, from features offering insights into how members of the public can play some of the world's most revered courses, to breaking news stories affecting everything from the PGA Tour and LIV Golf to developmental Tours and the amateur game.
Mike grew up in East Yorkshire and began his career in journalism in 1997. He then moved to London in 2003 as his career flourished, and nowadays resides in New Brunswick, Canada, where he and his wife raise their young family less than a mile from his local course.
Kevin Cook’s acclaimed 2007 biography, Tommy’s Honour, about golf’s founding father and son, remains one of his all-time favourite sports books.
-
What’s The Best College Golf Team Of All Time?
There have been some standout college teams through the years, but which was the best?
By Mike Hall Published
-
What Are Xander Schauffele's Stock Yardages?
The American enjoyed a phenomenal 2024, picking up two Major scalps in the process. Here, we take a look at how far he hits every club in the bag
By Matt Cradock Published