PGA Golfer Phil Mickelson May Retire or Move from California After Democrats Rob Him of 62% of His Income
WELCOME TO BARACK OBAMA’S CLASS WARFARE WORLD … Is the Obama tax increase going to force golfer Phil Mickelson to retire, maybe.
In an interview with Forbes, PGA golfer Phil Mickelson stated that he may retire and/or move from California as Obama and Democrat tax increases now take more than 62% of his income. Thanks to Barack Obama, Democrats, Obamacare and the state of California, Mickelson will see far less money at years end. Due to the fiscal cliff bill, Mickelson will experience an increase in his top tax rate on ordinary income from 35% to 39.6%, and an increase in his top rate on long-term capital gains and qualified dividends from 15% to 20%. Also, because Obama allowed the expiration of the temporary 2% reduction in the payroll tax rate on the first $113,700 of self-employment income. Wait, there is more. Thanks to Obamacare, Mickelson will be liable for an additional 0.9% tax on his self-employment income and 3.8% tax on his net investment income after each exceeds $250,000. However, it does not stop there, the folks of California actually passed a proposition to increase taxes. In November, California passed Proposition 30, which increases the top income tax rate on resident millionaires to 13.3%.
Word is, Phil Mickelson is mad as hell about rising tax rates, and he’s not going to take it anymore. What follows is a brief portion of an interview Mickelson gave earlier today after carding a final-round 66 at the Palmer Course at PGA West in La Quinta – which I assure you, is not associated with the La Quinta next door to your local Denny’s – in which the golfer hinted that he is considering drastic career changes because of a combined tax rate nearing “62, 63 percent:”
Q. When you’re asked about Stricker’s semi-retirement, with the political situation the last couple months, blah, blah, blah, what did you mean by that? Do you find it an unsettling time in a way?
PHIL MICKELSON: Well, it’s been an interesting offseason. And I’m going to have to make some drastic changes. I’m not going to jump the gun and do it right away, but I will be making some drastic changes.
Why wouldn’t one question working hard, entering as many tournaments as Phil does and being away from his family when between the feds and state they take more than 60% of his income. All this so Obama and the libs in California can redistribute his hard work to slackers. Makes all the sense in the world, those that work their tail off, to have the fruits of their labor given to those who don’t. Welcome to Obamaland.