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View Diary: Multimillionaire golfer Phil Mickelson sorry for lamenting his mere eight-figure disposable income (199 comments)

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  •  Does he own property in California? (3+ / 0-)

    If so, how much does he save due to Prop 13?

    If he chooses to earn his money elsewhere, he should also sell his California property and get used to property taxes in his new domicile.

    I guarantee he will not be happy with Texas property taxes

    •  Property Taxes (1+ / 0-)
      Recommended by:
      OhioNatureMom

      Please all he would have to do isnlive outside a city on a "ranch" have some pecan trees or cattle and he would be fine. That way he would pay only school and county taxes with a reduced agricultural valuation on the property.

      You get what you pay for and in Texas that is bad schools and one of the highest rates of uninsured. In other words right up Phil's alley since all he cares about is himself.

      I play golf but really he should just shut up.

    •  This New Englander's view on Prop 13 (2+ / 0-)
      Recommended by:
      OhioNatureMom, a2nite

      My recollection is that before Prop 13 passed, California had perhaps the best state university system in the nation. I think the same could be said for the community college system as well. In the 1970's I had friends who moved out to California and were able to establish full residency in just one semester.

      The erosion of the California higher education system was gradual, but the Prop 13 folks were able to slowly erode it by starving it.

      In my small Mass. town of about 10K, a few years ago there was a push for Prop. 13 style taxation in the town. When I spoke at town hall in favor of higher taxes, I said to these people: when you bought your homes 20 years ago, you paid what $50K-$75K? I'm sure you all benefited from your homes increasing in value too, especially if you borrowed against your (increased) equity. What you want is to get something for nothing. But even nothing comes at a cost because either someone else will have to pay for it or someone will see services cut to pay for the tax cut.

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