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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: 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: 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: 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: 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: 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

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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

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Steven Hart · Top Commenter

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

Reply · 1 ·

· about an hour ago

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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: 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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