Found January 22, 2013 on
Ever since I left my beloved Texas I have been dreading filing my taxes. Although I’m not rich I imagine that’s how Phil Michelson is feeling at this moment. Michelson has a network of 150 million dollar, but in order to keep every shiny cent in his pocket he is considering moving to another state or walking away from golf altogether.
California voted to increase taxes on incomes over $1 million in November, and that may have swayed Michelson into exploring alternative living situations. It’s reported that Michelson made roughly $60 million in 2012, and under the new law he would receive a tax increase of more than $1.8 million dollars -via FoxNews.
“There are going to be some drastic changes for me because I happen to be in that zone that has been targeted both federally and by the state and, you know, it doesn’t work for me right now. So I’m going to have to make some changes.
“If you add up all the federal and you look at the disability and the unemployment and the Social Security and the state, my tax rate’s 62, 63%. So I’ve got to make some decisions on what I’m going to do.”
I can’t say I blame him, but as a California resident this is the price you pay to wake up every morning to perfect weather, beautiful woman, tall palm trees, and houses on hills. I wouldn’t retire however. Make your money playing golf, but make sure you invest in property in a state with no state taxes. Remember everything is bigger in Texas, except taxes.
Since airing his personal opinion about his taxes, Mickelson has released a comment via ESPN.
“Finances and taxes are a personal matter, and I should not have made my opinions on them public,” … “I apologize to those I have upset or insulted, and assure you I intend to not let it happen again.
Lesson learned, no one wants to hear a millionaire complain about losing money half of America would never see in a lifetime.
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In case you missed what happened Sunday at the Humana Challenge, Phil Mickelson talked a few minutes behind the 18th green about his dislike of paying higher taxes and, oh, by the way: Brian Gay won a three-man playoff.
So if you're scoring headlines at home: IRS 1, Gay 0.
On the other hand, Gay will gladly cash the $1,008,000 check and, of course, pay less in taxes than Mickelson...
Phil Mickelson is not a very happy camper when it comes to the new taxes he's getting charged. Mickelson is worth an estimated 150 million according to celebrity net worth. Not a bad chunk of change to say the least. He's a California resident and he talked about moving out of the state or retiring from golf all together.
“There are going to be some drastic changes...
Last year, Mickelson flirted with becoming a part-owner of the San Diego Padres franchise, which sold for $800 million in August. He was asked Sunday whether there was a correlation between the tax increases and what happened to the Padres' deal.
"Absolutely," Mickelson said.
In November of 2012 Prop 30 was passed in the State of California. It was...
Have you seen your paycheck shrink during the first 3 weeks of 2013? Of course you have -- fiscal cliff avoided but...your SS taxes are up. Phil Mickelson, with a net worth of nearly $200 million...
Full story at Bob's Blitz ~ http://www.bobsblitz.com
Phil Mickelson has hinted at a move away from California, perhaps the United States and maybe even away from golf as he seeks to escape punitive tax rates.
''It's been an interesting offseason,'' Mickelson said Sunday after the final round of the Humana Challenge. ''And I'm going to have to make some drastic changes. I'm not going to jump the...
Phil Mickelson gave a civics lesson after his play Sunday in the final round of the Humana Challenge. The lecture: I'm not going to pay more in taxes than I can take home to my wife and kids.
As a longtime California resident, Mickelson vented after shooting a final-round 66 for a 17-under 271 total and tie for 37th in his 2013 debut. Last fall, Californians approved Proposition...
SAN DIEGO — Phil Mickelson says he should have kept his opinions on taxes to himself.
Mickelson had suggested “drastic changes” were in store for him — perhaps moving from his native California — because of changes in federal and state taxes that he says tap into more than 60 percent of his income. He said it “absolutely” was a factor in deciding against becoming part...
Phil Mickelson is relying on some self-deprecating humor and his worst moment in golf to stop the chatter about his taxes.
Mickelson caused a sensation earlier this week by saying new federal and state tax rates kept him from being part of the San Diego Padres' new ownership group and might force him to move away from his native California.
He has referred to the 2006 US Open...
(Eds: With AP Photos.) By TIM DAHLBERG AP Sports Columnist It's not always easy being rich, as Phil Mickelson reminded us the other day. There are taxes to pay - apparently lots of them - and the price of a tank of jet fuel seems to go up every day.
A million dollars a week just doesn't go as far as it used to, now that the wealthy are paying more in taxes. For Mickelson...
In an interview on President Barack Obama’s inauguration day, Phil Mickelson hinted at potentially retiring because of the increased taxation that he will face in now.“I’m not going to jump the gun and do it right away, but there are going to be some drastic changes for me because I happen to be in that zone that has been targeted both federally and by the state. And, you know...
“Wow!” This was the expression that was swirling in my mind last Wednesday, Friday, and Sunday, but for completely different reasons.
On Wednesday, I was contemplating finally being able to see Rory McIlroy, Tiger Woods, and Phil Mickelson tee it up in 2013. These are arguably golf’s biggest stars and they shared the same weekend together, although only...