Is There a Golf-Related Tax in Biden’s Proposal? Get the Facts!

Look at the truth behind the rumors of a golf-related tax in Biden’s proposal. Find out what’s fact and what’s fiction.

Golf
By Staff
Is There a Golf-Related Tax in Biden's Proposal? Get the Facts!
Bryson DeChambeau practicing his golf swing

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There are rumors circulating that Vice President Kamala Harris supports President Joe Biden’s tax proposal, which allegedly includes a 20% sales tax on golf-related purchases. These claims were made on X by a parody account of the PGA Tour, the organization behind professional golf tournaments in North America. The account humorously suggests that to “tax the rich,” the Harris-Walz administration, if elected, will implement this additional tax on golf products. Such rumors began after reports emerged that Harris would back Biden’s tax plan, initially introduced in March 2024.

Biden’s tax proposal includes several key points: no tax increase for those earning up to $400,000, a 25% tax on individuals with a net worth of $100 million or more, and an increase in corporate taxes from 21% to 28%. However, there is no mention of any new taxes on golf-related purchases in the proposal.

Here’s the original post making the claim about a new tax on golf:

In the United States, sales taxes on golf-related purchases vary by state and locality. Retail sales tax rates range from 2.9% to about 10%, depending on where the purchase is made. Online retailers of golf products apply sales tax based on the shipping address of the items.

While Biden’s tax plan for the fiscal year 2025 does suggest several changes to the current tax system, it does not specifically propose changes to retail tax rates. Some of the more controversial proposals include raising the stock buyback excise tax from 1% to 4% and increasing the corporate book minimum tax rate from 15% to 21%.

Additionally, Biden’s proposal suggests increasing the top marginal rate on long-term capital gains and dividends to 44.6%, potentially pushing the effective tax rate above 50% in states like California, New Jersey, and New York.

Also Read: Donald Trump Plans $3 Billion Condo Development at Miami-Area Golf Course

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