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Tour Chatter For discussion related to the various Tours (PGA, LPGA, European, Amateur, etc.) and players.

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Old 02-21-2010, 10:50 PM
Bulls9999 Bulls9999 is offline
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Jim Thorpe (senior tour) going to jail for tax evasion

OK, I read a little about this story when I first heard it a while ago, and he was on a Golf Channel interview with Rich Lerner this weekend, but evidently Jim Thorpe is going to jail for ~1yr. He owed something like $2 mill in back taxes, didn't pay it, but last year built a house for $2 mill and bought a $60,000 car. Rich asked if he thought the judge thought "gee, perhaps if he didn't buy such a big house or the car, he could have paid some of this off?"

I'm just amazed at someone who's been in this business a while and as he said, he got stupid about it. I think he said (wasn't paying close attention), that if he could 'get off' by paying $1 mill or so, he'd be able to come up with the money somehow, but since he didn't think he would 'get off', he'll just go to jail???

But...don't you still owe them the money afterwards too?

Dang, I really like this guy, always have (you have to love a golfer who looks like a linebacker), but I have no compassion for his situation given if he had to pay taxes of $2 mill, he must have been working off of much more revenue than that. True, I don't know what his financial situation is/was, but he didn't seem like he was broke.
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Old 02-22-2010, 02:32 PM
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Wazmankg Wazmankg is offline
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Re: Jim Thorpe (senior tour) going to jail for tax evasion

He's one of my favorites, but how stupid can he be ? These guys don't have taxes withheld. I imagine having an accountant take care of that business is standard operating procedure. He's made $13 million in his 11 years on the Senior Tour and that's just prize money. He got a year in jail and a $2 million dollar fine. I couldn't find out whether that includes what he originally owes, but they'll come after his assets & future earnings too. At 61...62 when he gets out, I don't know how much future earnings he can expect playing golf. Sad...
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