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Mickelson Expects to Make 'Drastic' Changes (Higher Taxes Make Pro-Golfer Reassess Future Plans)
San Diego U-T ^ | Jan. 20, 2013 | Tod Leonard5

Posted on 01/21/2013 11:57:29 AM PST by DogByte6RER

Phil Mickelson Pictures, Images and Photos

Mickelson expects to make 'drastic' changes

LA QUINTA — San Diego professional golfer Phil Mickelson said after the final round of the PGA Tour’s Humana Challenge on Sunday that he will have to make “drastic changes” in his life because of the federal and state taxes he is paying, and he confirmed that his decision to not buy an interest in the Padres was directly related to his financial situation.

"I'll probably talk more in depth next week (at the Farmers Insurance Open at Torrey Pines). I'm not going to jump the gun,” Mickelson said. “There are going to be some drastic changes. I happen to be in the (tax) zone that is targeted both federally and by the state, and it doesn’t work for me right now.”

Mickelson, 42, was responding to a question about why, in a conference call last Monday, he referred to “what’s gone on the last couple of months, politically,” when talking about the semi-retirement of fellow tour pro Steve Stricker.

“I think we’re all going to have to find things that work for us,” Mickelson said on the call. "I think we're all going to have our own kind of way of handling things, handling time in our career, handling what's gone on the last couple of months politically. I think we're all going to have to find things that work for us."

Asked if there was a correlation between his views and his withdrawal from interest in the Padres, Mickelson said, “Yeah, absolutely.”

Mickelson made it known on Dec. 18 that he told the Padres he wouldn’t be part of the ownership group after expressing enthusiasm throughout the summer for his possible inclusion.

(Excerpt) Read more at utsandiego.com ...


TOPICS: Business/Economy; Culture/Society; Government; Miscellaneous; US: California
KEYWORDS: consequences; golf; incometaxes; pga; philmickelson; progolf; sandiego; taxedtodeath; taxes; taxifornia
Death and Taxes
1 posted on 01/21/2013 11:57:39 AM PST by DogByte6RER
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To: DogByte6RER

How’s his wife doing? I know she needs intensive medical care.


2 posted on 01/21/2013 12:05:08 PM PST by ImJustAnotherOkie (zerogottago)
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To: All

Further along in the article ...

“If you add up all of the federal and you look at disibility and unemployment and the social security and the state, my tax rate is 62, 63 percent,” Mickelson said Sunday. “So I’ve got to make some decisions about what I’m going to do.”

http://www.utsandiego.com/news/2013/jan/20/mickelson-drastic-changes/


3 posted on 01/21/2013 12:11:55 PM PST by DogByte6RER ("Loose lips sink ships")
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To: DogByte6RER

That sound you hear is the sound of tents being folded. Mickelson is not the only one. He saw what happened in November (In CA it was even more devastating that getting socked in the gut with more Obama), and calmly made the decision not to take any more risk at this time. A lot of people are doing that.


4 posted on 01/21/2013 12:29:56 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: DogByte6RER

I love this guy...

not because of any of this, but because he is the pitchman for enbrel..

this drug is a damn miracle, my pa is soooo much better..


5 posted on 01/21/2013 12:29:58 PM PST by joe fonebone (The clueless... they walk among us, and they vote...)
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To: Cyber Liberty

He’s welcome to come here to Texas.


6 posted on 01/21/2013 12:34:22 PM PST by dfwgator
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To: DogByte6RER

He should leave CA now before they put up a wall to keep the taxpayers from leaving.


7 posted on 01/21/2013 12:34:40 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Cyber Liberty

The libs will come out full force against him...”anti obama; anti sharing; anti american (as Obamiacs see it); anti poor; anti social justice; anti anteing up to help his fellow man.” The blood suckers will complain because the blood bank is closed at the Mickelson house.

I envy guys like Mickenson in one way though, he can do it, he can close up shop and say FU. I cannot so in the end, the middle class will get socked for all the tics.

Welcome to the gulag, Comrade.


8 posted on 01/21/2013 12:37:58 PM PST by Mouton (108th MI Group.....68-71)
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To: Cyber Liberty

Over the course of 2013, I suspect that dozens of sports figures who reside in California will find reasons to relocate to Vegas or Arizona. For people with small business operations....it wouldn’t surprise me if they decided to keep the business there, but move their house just over to Vegas and camp out two or three days a week in California while staying most at the Vegas house.


9 posted on 01/21/2013 12:38:08 PM PST by pepsionice
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To: DogByte6RER

When I saw this story, I rewrote it in my mind.

“Private citizen decides to move to another state, nation shocked. Citizen blames high taxes for the move.”


10 posted on 01/21/2013 12:41:39 PM PST by yefragetuwrabrumuy (Best WoT news at rantburg.com)
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To: DogByte6RER

The rest of that tour (and the other tours) all seem to live in Jupiter anyway. In that profession, it’s hard to find a better place.


11 posted on 01/21/2013 12:44:50 PM PST by FlJoePa ("Success without honor is an unseasoned dish; it will satisfy your hunger, but it won't taste good")
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To: DogByte6RER
Now California is a ‘gem’ on taxes. Let's say he moved before this weekends tournament in San Diego. Assume he just barely makes the cut and earns $1000 dollars.
Next say this is the only money he earned in California in the year.
Does he get taxed at the rate of earning $1000 dollars on his California taxes, No he gets taxed at the max rate. He must show his total earnings for the year $100 million, add the $1000 then tax the $1000 dollars at the $100 million rate.

Honestly it's not that simple as the State of California believes in the 5 days he is there at the tournament the endorsement money should also be taxed at 5/365 for the money earned in California.

It insidious.

12 posted on 01/21/2013 12:50:15 PM PST by Quick Shot
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To: Quick Shot
Unfortunately Texas's property tax is amongst the highest offsetting no income tax. here are the best States for lowest taxation once you add all the the various taxes up (not inc Fed.) Source About.com

•Alaska at 6.4% of income
•Nevada at 6.6% of income
•Wyoming at 7% of income
•Florida at 7.4% of income
•New Hampshire at 7.6% of income

13 posted on 01/21/2013 1:02:38 PM PST by DAC21
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To: DogByte6RER

That’s called “F*ck you Money”. It means I can say what i really believe cause it won’t hurt me financially.

BTW Phil Don’t forget the IRS crawling up your putter as a result of this honest proclamation.


14 posted on 01/21/2013 1:28:33 PM PST by Cyman
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To: DAC21

By drastic, I wonder if Phil is just talking about a move to Fl? Maybe Russia, Ala depardueax?


15 posted on 01/21/2013 1:58:14 PM PST by PilotDave (No, really, you just can't make this stuff up!!!)
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To: DogByte6RER

State taxes is a huge untold part of the story about why athletes move. Think Jeremy Lin, Miami Heat, ect.


16 posted on 01/21/2013 2:00:13 PM PST by PilotDave (No, really, you just can't make this stuff up!!!)
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To: DAC21

He’s still a golfer and he has little kids. None of the states you listed are better than TX for his situation. He doesn’t have to live in a $5 million house in TX to have a very nice castle.


17 posted on 01/21/2013 3:17:27 PM PST by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: joe fonebone

Any news on the impending doom of Obamacare? I’m anxious to see you proven correct.


18 posted on 01/21/2013 3:25:11 PM PST by 1010RD (First, Do No Harm)
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To: pepsionice

A 62% tax rate is unconscionable. We’re supporting an entire deadbeat class - both the welfare recipients and the bureaucrats that encourage it.

Can you imagine the US growth rate if these people were simply cut loose and had to perform and produce? They’d revolt against all the job-destroying licensing and regulation.


19 posted on 01/21/2013 3:27:24 PM PST by 1010RD (First, Do No Harm)
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To: Mouton

“The libs will come out full force against him...”anti obama; anti sharing; anti american (as Obamiacs see it); anti poor; anti social justice; anti anteing up to help his fellow man.

Don’t forget “racist”. That ALWAYS comes out.

.


20 posted on 01/21/2013 3:29:22 PM PST by Mears
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To: DogByte6RER

Mickelson needs to move instanter. Here’s the top five comments from the article:

Doug Orvis · Top Commenter · Washington, District of Columbia

If Phil leaves California, he won’t be able to get cheese made from Happy California Cows to go with that whine of his.

Reply ·

· 4 minutes ago

.
.

John Scott Rogers · Top Commenter · Owner at EE Media Art

Does this mean Phil will have to cut back on his private jet rides? Hang in their buddy, we feel your pain.

Reply · 1 ·

· 59 minutes ago

.
.

Steven Hart · Top Commenter

Waaaaa! There’s no crying in professional golf. Grow up you big baby.

Reply · 1 ·

· about an hour ago

.
.

David Beeson · Arapahoe High School

He needs a new CPA and financial advisor if he is paying 63% in income taxes. Plus if he is including property tax on his $20m home in Rancho Santa Fe, that is completely disingenuous with a simple solution, move into a less expensive home and pay less property tax.

Reply · 3 ·

· about an hour ago

Laura Boyer · Cal Western School of Law

Michelson only speaks of “income”, not “write-offs”, which his property tax is. We can’t generate any kind of opinion until we see the whole picture. But right now, I don’t feel sorry for him.

Reply ·

· about an hour ago


21 posted on 01/21/2013 3:34:45 PM PST by 1010RD (First, Do No Harm)
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To: Moonman62
He should leave CA now before they put up a wall to keep the taxpayers from leaving.

Hell, they'll just tax everyone an exit tax as they leave. 100% of their earnings for the last 12 months. /s

22 posted on 01/21/2013 3:55:46 PM PST by RikaStrom ("To learn who rules over you, simply find out who you are not allowed to criticize." ~Voltaire)
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To: 1010RD
He needs a new CPA and financial advisor if he is paying 63% in income taxes. Plus if he is including property tax on his $20m home in Rancho Santa Fe, that is completely disingenuous with a simple solution, move into a less expensive home and pay less property tax.

Some dweeb on the golf channel made a similar comment this morning. Just totally pathetic. He has been paying California taxes for ~20 years. Phil has probably paid more taxes in one month as that dweeb journalist will pay in a lifetime.

23 posted on 01/21/2013 4:35:25 PM PST by EVO X
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To: 1010RD

you know as well as I that this is still working it’s way through the courts...

there are some interesting cases coming up to USSC...

will I be vindicated, or proven wrong on roberts????

we will know shortly... stay tuned


24 posted on 01/22/2013 4:41:13 AM PST by joe fonebone (The clueless... they walk among us, and they vote...)
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To: joe fonebone

Please keep me on a tight pingwatch. I want this on my earliest radar. Thanks in advance.


25 posted on 01/22/2013 5:36:29 AM PST by 1010RD (First, Do No Harm)
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To: 1010RD

I read an article by George Will this morning where he states that the Roberts interpretation on the tax issue in fubocare may mean the death of it...

He specifically mentions the way the decision was written, and kinda hints at the way Roberts deceived the libs on the court with his ruling..

The news pundits are starting to catch on!!!!!!


26 posted on 01/22/2013 5:51:08 AM PST by joe fonebone (The clueless... they walk among us, and they vote...)
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To: dfwgator

Phil Mickelson would be welcome anywhere. He is a true gentleman.


27 posted on 01/22/2013 5:52:54 AM PST by billhilly
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To: joe fonebone

Excellent. Give me the link or post it and ping me. Thanks.


28 posted on 01/22/2013 8:07:26 AM PST by 1010RD (First, Do No Harm)
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To: 1010RD

I’d adore being a serf. Their tax rate was 25%. I aspire to serfdom.


29 posted on 01/22/2013 8:12:17 AM PST by RinaseaofDs
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To: 1010RD

cannot post.... gannett..

I do not know if link is acceptable, but here it is

http://www.detroitnews.com/article/20130122/OPINION03/301220325/1031/opinion03/Health-care-act-could-its-death-bed


30 posted on 01/22/2013 8:44:40 AM PST by joe fonebone (The clueless... they walk among us, and they vote...)
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To: DogByte6RER
Hell If I was he I would locate to wherever my taxes were the lowest including outside of the USA. 60% plus of your income going to Obama, and the liberals in Kalifornication is just ludicrous!

Good on Him I say! Starve the beast however you can do it!

31 posted on 01/22/2013 8:50:22 AM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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