Clicky

Loading



Jul 26, 2013 | 09:51 AM

Taxing Round

Six months ago Phil Mickelson complained about the amount of money he pays in taxes, particularly because he lives in California where the state tax is 13 percent. After his back-to-back wins at the Scottish and British Opens, he now has a lot more to complain about. According to Forbes, Mickelson will only keep about $843,000 of the $2,167,500 he won—an effective tax rate of more than 61 percent after U.K. and U.S. taxes. The Brits will also take a 45-percent piece on a percentage of Mickelson’s endorsement income (the "duty-day" formula takes his total workdays in the country divided it by his total workdays during the year times the endorsement fee). And when you add in his caddie Jim Mackay’s 10 percent take, along with the expenses for staying in Scotland for two weeks, his take-home pay is closer to 30 percent. The guess here is that the Claret Jug more than makes up for it.

Share |



Jul 25, 2013 | 06:49 AM

La Dolce Vida

Seeking Mediterranean-style glamour at one of the most beautiful places in Italy? The Luxury Collection Hotels & Resorts has opened the Costa Smeralda Villa Collection at Hotel Pitrizza and Hotel Romazzino on Sardinia’s Emerald Coast. This upper-crust hideaway was built from scratch by jet-setting billionaire Prince Karim Aga Khan IV in the 1960s. The resort's new villas were artfully blended into the rocky shore above secluded bays and hidden beaches. Among other inspirations, the Aga Khan hired Robert Trent Jones Sr. to build a golf course for his budding destination. Opened in 1972, Pevero Golf Club straddles a promontory separating a pair of glittering bays. So unyielding was the rockbound site that Jones was forced to shelve his usual trademarks and follow the natural rise and fall of the terrain in his routing. The result: a hilly, rugged layout with jaw-dropping views of the sea. Villa prices are available on request, but as a guideline, the lowest-priced standard room at the Hotel Romazzino this summer is 1,825 euros per night (that's about $2,400).

Share |



Jul 24, 2013 | 10:37 AM

The Next Ultimate Driving Machine

Despite the fact that most Open Championship courses disdain buggies, Muirfield was the setting last week for the first look at a Mercedes-Benz golf cart. It’s all-electric and features LED headlights, joystick control, heads-up display, solar roof panel, heating and cooling, refrigerator, cup holders that both warm and chill beverages, something called a “Fore button,” and all sorts of other out-of-the-box ideas, plus, of course, storage space for golf bags. The features were suggested, Mercedes swears, by real golfers around the world. And like other “concept car” designs, there’s little likelihood such a vehicle will ever actually be built. Which may be why only sketches were shown and no price was given.  

Share |



Jul 23, 2013 | 06:17 AM

Soldiering On

While we’re in the heart of the season of majors, there are other majors—as well as lieutenants, privates, sergeants, captains, and corporals—golfers should be thinking about, America’s soldiers and veterans. One way to help them is by playing in the third annual “World’s Largest Golf Outing,” to be held around the county on Monday, August 12, to benefit the Wounded Warrior Project. The outing is hosted by course owner-operator Billy Casper Golf on 110 of their facilities in 28 states and is open to golfers of all abilities, no handicap required. Entry fees vary and along with golf, cart, range balls, lunch, awards, contests, and prizes include a donation to WWP, a non-partisan organization that honors and empowers injured servicemen and women, some of whom will play in the event. Last year more than 7,800 golfers participated. This year, participants will be encouraged to post photos and updates during the day. For more information, locations of participating courses, and registration, go to worldslargestgolfouting.com.

Share |






Follow LINKS on Twitter