Star professional golfer Phil Mickelson normally keeps his political views extremely private, but now he’s breaking his silence because of oppressively high tax rates. Mickelson was non-specific but said he would soon announce ‘drastic’ changes in reaction to the government taking about 63% of his total income.
“Look at Phil Mickelson. This story came out today of Phil Mickelson. He says higher taxes now are going to force him into drastic changes. He might retire. He’s talking about leaving California, maybe leaving the country. Retire. Why? Because his taxes are over 60%,” Glenn said.
Mickelson was speaking at the Palmer Course at PGA West in La Quinta when he was asked about comments he had made regarding the political situation and a possible move from his current state of California.
“I’m not sure what exactly, you know, I’m going to do yet,” Mickelson said. “I’ll probably talk about it more in depth next week. I’m not going to jump the gun, but there are going to be some. 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 percent,” Mickelson added. “So I’ve got to make some decisions on what I’m going to do.”
TheBlaze explained, “In November, California voters approved Proposition 30, the first statewide tax increase since 2004. Mickelson lives in Rancho Santa Fe.”
Glenn said that the current tax structure is really hurting people who are producers and small business owners, including himself.
“You know I was talking to my kids, because my kids are fascinated with the tax thing because they’re now starting to make money and so they’re now starting to be fascinated by it. And I was talking to my kids about this, I pay over 60% in income tax and sales tax and everything else. Over 60% of what I make. So all of this company, everything, is run on 40%. My life, my family, this company is run on 40% of what we earn. Now imagine if we were doing the reverse. If all of the taxes amounted to 40% instead of 60%,” he said.
“There comes a point too, where, no matter how much you love something, and you can love your job no matter what industry you’re in,” Stu said, “But at some point when you keep getting kicked in the teeth over and over and over again, you’ve just got to get out.”