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Mickelson on Taxes...

Posted on 1/22/13 at 9:26 am
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 1/22/13 at 9:26 am
LINK

I dont blame him on looking to make some changes. But I think he overreacted a bit. Simply moving out of California would save an incredible tax burden. I dont understand why he would consider semi-retirement.

I know California is home but you can move back when your playing days are over....
This post was edited on 1/22/13 at 9:27 am
Posted by Rickety Cricket
Premium Member
Member since Aug 2007
46883 posts
Posted on 1/22/13 at 9:29 am to
Seriously, so many PGA guys live in Florida or at least "domicile" there for tax purposes. Keep a house in CA and your "home" in FL.
Posted by TigerBait1127
Houston
Member since Jun 2005
47336 posts
Posted on 1/22/13 at 9:29 am to
While I don't necessary agree with him, he shouldn't have apologized.
Posted by JJ27
Member since Sep 2004
62285 posts
Posted on 1/22/13 at 9:29 am to
Why would any golfer live anywhere other than Texas or Florida?
Posted by Powerman
Member since Jan 2004
174333 posts
Posted on 1/22/13 at 9:30 am to
quote:

Simply moving out of California would save an incredible tax burden

The hell it wouldn't

You get slaughtered in CA with taxes
Posted by tigerbaittrick
Member since Jan 2010
7267 posts
Posted on 1/22/13 at 9:31 am to
He shouldn't apologize for speaking the truth. If I made that kind of money in a year youd bet your arse I'd live in a place with the least amount of tax burdens.
Posted by Commandeaux
Zachary
Member since Jul 2009
7881 posts
Posted on 1/22/13 at 9:32 am to
One of his major sponsors is KPMG, an accounting firm. There's no way in the world he's paying more than 17%.
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 1/22/13 at 9:33 am to
I think some people griped about how he complained. It had a "poor me" attitude.

His CPA must be dumb.

Keep your personal business to yourself.
Posted by bayoujd
Member since Jan 2009
3132 posts
Posted on 1/22/13 at 9:33 am to
I don't see why he needed to apologize. I can imagine that taxes in California, when combined with federal, is just a ludicrous amount of money going to the government.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 1/22/13 at 9:34 am to
quote:

One of his major sponsors is KPMG, an accounting firm. There's no way in the world he's paying more than 17%.



You are just stupid.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 1/22/13 at 9:35 am to
California will tax him at 13.3% for 2013. Is it foolish to think about reducing, or eliminating, $8 million in incoome taxes? And that doesn't include sales taxes, which were also increased in California.
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 1/22/13 at 9:35 am to
I just saw on CNBC that he is probably paying closer to 50% after deductions, lower than the 65% he complained about.

But I agree I bet he is paying much less than 50%.
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 1/22/13 at 9:35 am to
I just saw on CNBC that he is probably paying closer to 50% after deductions, lower than the 65% he complained about.

But I agree I bet he is paying much less than 50%.
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 1/22/13 at 9:35 am to
I just saw on CNBC that he is probably paying closer to 50% after deductions, lower than the 65% he complained about.

But I agree I bet he is paying much less than 50%.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 1/22/13 at 9:36 am to
quote:

But I agree I bet he is paying much less than 50%.


How so? His earnings are taxed by the state for which he earns them in...

Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 1/22/13 at 9:37 am to
I just saw on CNBC that he is probably paying closer to 50% after deductions, lower than the 65% he complained about.

But I agree I bet he is paying much less than 50%.
Posted by Commandeaux
Zachary
Member since Jul 2009
7881 posts
Posted on 1/22/13 at 9:39 am to
quote:

You are just stupid.




I stand by my statement. You show me someone in the 39% tax bracket actually paying 39% and I'll ban myself.
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
69117 posts
Posted on 1/22/13 at 9:40 am to
Creditors can't take your house in FL because of the homestead exemption. Worldcom's Scott Sullivan was building a $40 million house on the water in Boca to insulate his money from creditors when he got snapped off by the Feds.
Posted by TigerBait1127
Houston
Member since Jun 2005
47336 posts
Posted on 1/22/13 at 9:40 am to
quote:

I just saw on CNBC that he is probably paying closer to 50% after deductions, lower than the 65% he complained about.

But I agree I bet he is paying much less than 50%.



we get it
Posted by The Sad Banana
The gate is narrow.
Member since Jul 2008
89507 posts
Posted on 1/22/13 at 9:41 am to
Good for him. Why should he apologize for that?
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