Explore the PGA Tour's tax filings

How tax breaks power the PGA Tour, a nonprofit organization

When the PGA was formed in 1916, its primary objective was to grow the game of golf, so it was established as a nonprofit. When the PGA Tour split off in 1968, that nonprofit status stayed. But as revenue jumped past $1B, questions began to arise. This "Outside the Lines" investigation from 2013 dives into their tax records and details how much the PGA actually gives to charity.

Analyzing the PGA Tour's leaderboard

In 2007, the PGA Tour introduced the FedEx Cup, marking the first time men's pro golf had a playoff system. This PGA Tour interactive shows the Cup standings year-to-date, along with video and news updates. Click on a player's name and get a detailed page about their career, including total wins, scorecards from recent matches, and what clubs are in their bag.

The story behind the PGA's civil war

In the 1960s, there was a war brewing within the PGA between the golf pros and the touring pros. Eventually, tensions boiled over into courtrooms, leading to the creation of a new league. This Golf.com article provides a deep history of the war, with in-depth interviews with key players in the negotiations.

The story behind the formation of the original PGA

The early 1900s saw a surge in golf courses across America, and there was a need for a national organization of golf professionals to help promote and grow the sport. This history explores how department store heir Rodman Wanamaker organized a luncheon that led to the formation of the PGA of America.

The PGA Tour features over 30 tournaments per year, but the most important are its 4 majors: the Masters, the PGA Championship, the US Open, and the Open Championship.

Only 156 players secure a PGA Tour Card each year

Automatic eligibility is granted to past PGA Championship winners, while newcomers must win a PGA-approved tournament, rank in the top 70 of the FedEx Cup standings, or finish in the top 30 of the Korn Ferry Tour finals.

Exploring why the PGA Tour's rivalry with LIV seems to have cooled

This analysis by Dan Wetzel suggests that LIV's initial threat to the PGA Tour's dominance in golf has faded, with several golfers leaving LIV to return to the PGA Tour.

Examining golf's problems with race

In 1961, the PGA removed the "Caucasian-only" membership clause, marking the last major professional sports organization to desegregate. But unlike other sports, golf didn't see an influx of Black players following the change. This article from The Ringer's Lex Pryor examines golf's complicated history with race and gender, showing both the progress made and the challenges that remain.

A Saudi Arabian sovereign wealth fund divested from LIV Golf after pumping more than $6B into the PGA's controversial rival

The Saudi Arabian Public Investment Fund was the primary backer of LIV Golf, and at one point held more than 90% of the league's ownership stake. Famous golfers, like the three-time Masters' champion Phil Mickelson, criticized the league for "sportswashing" Saudi Arabia's questionable human rights record.

Check out a compilation of golf's greatest shots, from Jack Nicklaus hitting the flag in 1972 to Tiger Woods' iconic chip at the 2005 Masters.

Jack Nicklaus' legendary 'rebuttal'

In August 1968 then-Secretary of the PGA Leo Fraser unleashed a verbal attack on star golfer Jack Nicklaus, the latest in a series of public barbs in the war between the PGA and its touring pros. Read this Sports Illustrated essay penned by Nicklaus, published two weeks after Fraser's attack, where he sets the record straight and lobbies for support.

Golfer hits ball into golf cart ball holder

Professional golfer Cameron Young’s ball settled in the built-in ball holder in an NBC reporter’s cart while playing at the US Open. He did not have to play it where it landed, and he managed to reach par on the shot despite the location of his...

Behind the Ryder Cup, the tournament that features golfers playing for their home countries

Established in 1927, the Ryder Cup is unlike any other tournament. The scoring includes a mix of fourball, foursomes, and singles, with half-points for ties. Explore the rich history of the Ryder Cup in this detailed interactive. Each era of history includes detailed accounts of the match, historic photos, and the final score for each team.

Greg Norman, before LIV Golf

In 1994, Greg Norman was enjoying success as a pro golfer. But the Australian wanted to see more opportunities for global players like himself, leading him to found the World Golf Tour. Read this Sports Illustrated deep dive on Norman's failed golf league and the lesson he learned that would help him launch and become CEO of LIV Golf in 2021.

80% of Americans are bothered that some wealthy people don't pay their fair share of taxes

That's according to data from Pew Research Center. While most people are primarily taxed on their wages, many people in America's 1% derive much of their income from investments instead, which are often taxed at preferential capital gains rates. This structure was shaped by a series of legislative cuts that began in earnest with the 1978 Revenue Act and the 1981 Economic Recovery Tax Act.

Airbnb’s S-1 in 2020 revealed how it weathered the pandemic and its financials

An S-1 or prospectus is a registration form filed with the US Securities and Exchange Commission when a company wants to go public. They can be pretty juicy documents, as S-1s can reveal previously private details about companies to the public, often for the first time.

What happens to golf balls after they're used?

With over 1 billion golf balls produced annually, an estimated 300 million to 1.5 billion are lost worldwide. On average, thousands of balls are left behind on each course, often ending up in ponds, forests, and beaches. While many golf courses recover and reuse some of these balls, studies suggest countless remain unretrieved.

An in-depth analysis of Augusta National, the home of the Masters

This in-depth analysis of Augusta National Golf Club, the famed site of the annual Masters Tournament, breaks down the course's complex greens and tricky layout. Golf Digest editor Luke Kerr-Dineen walks viewers through the course's green book, demonstrating just how difficult Augusta is compared to other courses. More than anything, it gives you some context to better understand why your favorite golfers might struggle with the course's punishing slopes.

Learn about the essential Securities and Exchange Commission filing types, including S-1, 10K, 10Q, and 8-K.

How golf equipment is made

With just clubs, a ball, and a tee, the game of golf doesn't have the amount of equipment seen in other sports. But each piece of equipment has a very intricate process for its creation. Watch this Science Channel video to see the specialized equipment used to create golf balls, golf clubs, golf carts, and golf tees.

See comparisons of different countries' taxation strategies

Taxes are a major revenue source for most countries, and how each government taxes citizens often reflects the country's economy. Developed countries tax at much higher rates than developing ones, and as a country grows its GDP, it also typically grows the proportional percentage of taxes it gains from its citizens.

Read why the information Americans have about our tax system might be misleading

For many, filing taxes can be complicated and overwhelming. Some argue that the tax system obscures certain aspects of the US tax code, making it difficult for taxpayers to accurately assess potential reforms.

The IRS already has much of the data it asks Americans to report when filing their taxes

Americans spend more than 7.9 billion hours per year doing their taxes: It's notoriously time-consuming, requiring forms, deductions, and often third-party help. But here's the twist: The IRS already has much of the data it asks you to report. Americans still have to do the work themselves partly due to big tax prep companies that lobby to keep the status quo.

Most pensions are subject to federal income taxes

Those taxes kick in once someone starts taking distributions from their pension. Whether a pension is subject to state income taxes depends on the state and other factors. Learn more about how pensions are taxed in this article.

Tennis' global evolution

In the 1970s and 1980s, American men and women dominated the top 100 rankings on both tours. But as each tour expanded its global reach, the American dominance declined. This Bleacher Report analysis breaks down the national make-up of the top 100 players for each decade. View maps that show which country gained and lost rankings through each decade and see who is the top country now.

Americans spend an average of $200 on tax preparation services like TurboTax and H&R Block

In 2025, about half of Americans were able to file taxes directly with the IRS for free. It was the second year of the agency's new program, which cuts out intermediaries. Though tax preparation has been free for many Americans, critics say tax companies upsell customers.

The Original Nine paved the way for the WTA

In the late 1960s, men earned 2-3 times as much per tournament as women did. With professional tennis largely run by men, the women didn't have leverage. That prompted nine women to break away and form their own tournament, which in turn led to a dedicated tour the following year. This paved the way for the WTA, and eventually equal pay at Majors.

Individual income taxes are the federal government's primary revenue source, see a tracker that breaks down where the rest of the budget comes from

The US government historically makes nearly half of its total revenue last year from individual income taxes. But the US makes also makes money from a variety of other sources, including Medicare taxes and corporate income taxes. However, the federal government has run a deficit since 2001—reaching a peak of $3.13T in 2020.

Watch this video to learn how to read a company's earnings report, the documents that reveal key details about a public company's recent financial performance.

Learn how to read a prospectus, the juicy document that any company must file with the SEC before going public

A prospectus typically contains information about the company's operations, including details about its management team and their compensation, financial statements, how it intends to use any capital raised by the IPO, and more. While these documents can be dense and lengthy, experts say that some of the most important sections of a prospectus for investors to look at include the risk factors section and the use of proceeds section.

How much does sports betting generate?

According to 2025 data, sports betting generated $2.7B in state tax revenue. That number has increased every year since the government began collecting data in 2021.

Learn about loopholes in the American tax code, which involve everything from cat food to death to heavy machinery.

Where colleges get their money, visualized

If you're curious about how different colleges and universities generate their revenue, this National Center for Education Statistics webpage offers a clear visual breakdown. See how public, private nonprofit, and for-profit institutions fund their operations, highlighting the differences between funding sources depending on the type of institution.

Understanding the low corporate tax rate in the US

Corporate taxes, which make up roughly a third of the federal government's revenue, have been calculated using a flat 21% rate since the Tax Cuts & Jobs Act of 2017. The current rate is considered low both by historic standards (it averaged over 50% in the 1950s and 1960s) and compared to other countries.

Map of each state's largest tax revenue source

While America’s federal government primarily raises revenue through personal and corporate income taxes, it's a different story for each of the 50 states. This map shows how every state raises tax revenue for government activities. New York and California, for instance, raise most of that money through personal income taxes, whereas Texas and Florida have sales tax as their largest sources of tax revenue. Click here to see the map.

How Google Street View generates profit

Google Maps, one of the most trusted navigation applications today, has a somewhat mysterious way of making a profit. YouTuber Phil Edwards uncovers the secret economic practices of Google Street View, while also offering a deeper understanding of how it works.

Why the rich don't pay taxes like you do

The system behind the US income tax isn't as straightforward as it looks. You earn money. Taxes get taken out. Case closed … right? Not exactly. In this episode of "1440 Explores," we break down how the US tax system actually works, from confusing deductions and misunderstood tax brackets to why the wealthiest Americans often end up paying a very different tax than everyone else.

Americans between the ages of 45 and 55 pay nearly 30% of all income taxes, paying an average tax rate of around 17%.

Charting where federal revenue comes from

About 50 percent of federal revenue comes from individual income taxes, 7 percent from corporate income taxes, and another 36 percent from payroll taxes that fund social insurance programs. See breakdown in charts here.

Annuitants have to pay income taxes on the annuity payments they receive, unless their annuities are folded into a Roth IRA

In most other cases, annuities grow tax-deferred until annuitants start to receive payments. Those payments are then taxed as regular income. Nonqualified annuities, which are bought with after-tax dollars, have different rules.

Take a virtual tour of St. Andrews

The Old Course at St. Andrews is one of the oldest in the world and became the gold standard for modern golf course design. Using drone footage, this Golf Digest video gives an aerial view and detailed description of every hole. Learn how the links course features common fairways and greens for some holes. And learn the bunker names at the courses' most notorious holes.

An S-1 reveals financial and other details to the public, often for the first time, when filing for an IPO

To file for an IPO, a company must file a registration form called an S-1 or prospectus with the US Securities and Exchange Commission. S-1s detail a company's current business model, competitive landscape, and other financial information.

Explore EDGAR: the Securities and Exchange Commission's free, public database with information and filings from public companies.

Young fan gifts putter cover to PGA golfer Collin Morikawa, who asks her to autograph it before gifting her his glove in return.

Learn how the US tax code works and why it's important

First published in 1926, the US Code is the official codification of federal statutes in the US. Title 26 of the US Code, for instance, lists all of the federal tax laws of the United States. A new edition is published every six years.

S&P Global, the company that makes the S&P 500, is listed on the S&P 500

When the S&P 500 index was released in 1957, it was helpful for investors, but not necessarily profitable. S&P Global now makes more than $1B a year just from selling its index data. Alongside its other services, like credit ratings, S&P Global makes more than $14B a year.

The NBA and its players donate the fines from technical fouls to various charities

The "Fined and Philanthropic" initiative, a grant-matching program from the National Basketball Players' Association, directs the funds toward charitable organizations.

The highest 2024 federal income tax bracket covered income upward of $731,201 for married couples filing jointly

To understand what you would owe on short-term capital gains and to visualize the favorability of long-term tax rates, you need to know how your traditional income is taxed at the federal level. A breakdown explores the different brackets for 2024, separated by filing status.

What's your tax filing status? Find out with this video

There are five different filing statuses taxpayers fall under when they file income taxes: single, married and filing jointly, married and filing separately, head of household, and surviving spouse. Taxpayers' status is determined by whichever category they fit into on December 31st of the tax year they're filing for.

In 1931-32, JP Morgan Jr. paid no income taxes due to his company’s losses

This legally reduced his taxable income under existing laws. Similarly, the Rockefellers leveraged charitable foundations to minimize taxes, allowing them to preserve wealth while directing funds to their preferred causes.