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Golfer Mickelson Will Hand Over 61% of Earnings to the Taxman

Back in January, golfer Phil Mickelson made a comment about the rate of taxation he pays for his success. Not only is he paying high federal taxes, but his home state of California is gouging him as well.

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Blog

Golfer Mickelson Will Hand Over 61% of Earnings to the Taxman

Back in January, golfer Phil Mickelson made a comment about the rate of taxation he pays for his success. Not only is he paying high federal taxes, but his home state of California is gouging him as well.

07/26/2013
Oppressive Taxation Drives Out California's High-Earning Golfers

No matter how many times it is proven, there are those who refuse to accept that high rates of taxation reach a level of diminishing returns.Rich people often vote with their feet. Recently, this was in the news in France when actor Gerard Depardieu decided to escape the 75% tax rate under the new socialist government. Now we have a high-profile case right here at home.

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Blog

Oppressive Taxation Drives Out California's High-Earning Golfers

No matter how many times it is proven, there are those who refuse to accept that high rates of taxation reach a level of diminishing returns.Rich people often vote with their feet. Recently, this was in the news in France when actor Gerard Depardieu decided to escape the 75% tax rate under the new socialist government. Now we have a high-profile case right here at home.

01/23/2013