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Phl Mickelsonm who has made over $65M playing a game (not counting his endorsement money) is throwing a hissy fit over the new taxes he has to pay. Apparently since his new tax rate is a cumulative 60%+ he's going to have to make some drastic changes to his rich pampered lifestyle.

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%. So I've got to make some decisions on what I'm going to do.
Apparently
(he) did not rule off (sic) just flat-out retiring from golf.
OH NO! What will we do? One less pampered egotisitcal "athlete" upset that instead of taking home 45% of the millions of dollars he earns EACH AND EVERY YEAR he's going to only take home 37%.

Yo Phil go fuck yourself or you know. MOVE!

Ugh...

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Comment Preferences

  •  Tip Jar (16+ / 0-)

    Progress 365 not just a slogan a goal - 300 progressive seats in the House and 65 progressive seats in the Senate.

    by jusjtim35 on Mon Jan 21, 2013 at 08:43:21 AM PST

  •  Good, maybe we don't have to see his badly (3+ / 0-)
    Recommended by:
    ExStr8, a2nite, Smoh

    dyed hair on those crappy commercials anymore.

    "Maybe we should march on the campus of the electoral college and occupy it until they change their vote"--some wingnut, Worldnetdaily

    by chicago minx on Mon Jan 21, 2013 at 08:48:37 AM PST

  •  phils one of the better guys on the pga (2+ / 0-)
    Recommended by:
    johnny wurster, OleHippieChick

    Hey if I was giving over 60% of my money to the govt I would be mad also. I think his big issue is with the state of Ca taking a big chunk of his money.
    Most golfers live in Florida where there is no state tax.  Also pro golfers have to pay tax to every state they earn money in.
    I doubt you will find more than a handful of democrats playing pro golf.

    •  He does a lot of charity work. (2+ / 0-)
      Recommended by:
      Smoh, Bob Love

      However, really tone deaf to cry about taxes on his gazillions. Boo hoo, Phil!

    •  this was from a fortune article (4+ / 0-)
      Recommended by:
      Hey338Too, PeteZerria, Bob Love, MadRuth

      It said he is worth 180 million but he gives a lot back to the community. I found his complaint about having to pay and extra 5% for investment income pretty petty,
      Top pro golfers are a coddled bunch and just can't relate to the average person. I met Phil once and he gave my son an autograph and was really friendly, he is no Tiger woods

    •  A lot of the better golfers these days... (6+ / 0-)
      Recommended by:
      Samer, ExStr8, janmtairy, Smoh, Bob Love, MadRuth

      ... come from countries with socialized medicine, restricted gun rights, and (gasp) higher taxes.  My guess is that those foreign players think Phil is an even bigger jerk than most of the tour's players.

      I haven't been here long enough to be considered a Kossack, does that mean that I'm just a sack?

      by Hey338Too on Mon Jan 21, 2013 at 09:14:07 AM PST

      [ Parent ]

    •  Really? (6+ / 0-)
      Hey if I was giving over 60% of my money to the govt I would be mad also. I think his big issue is with the state of Ca taking a big chunk of his money.
      If you made a bazillion dollars doing something you loved, and a bazillion more just hawking products by getting dressed or shooting a brief TV commercial --

      if you had everything you could ever need or want if you never "worked" another day in your life --

      if you had enjoyed ridiculously-low tax rates for the past 20 years --

      and now those evil state and federal governments wanted to even things up a bit so that people who don't travel everywhere in a private plane and send their kids to private schools could have some better roads and decent educations --

      THAT would make you angry?
      Apparently we have different triggers.

      "I think in America, the opposite of poverty is justice." Bryan Stevenson

      by gfre on Mon Jan 21, 2013 at 09:27:03 AM PST

      [ Parent ]

    •  The thing is, he probably WILL move, ... (0+ / 0-)

      as will many, many others, and as have many, many others who already have done so over the past decade or two, all of them taking their tax dollars with them, making California poorer and poorer.  California will then, again, refuse to do much of anything about the rampant corruption occurring there, thus will attempt to raise the tax rates yet again.  It's a never-ending cycle.

      "Two things are infinite: the universe and human stupidity, and I am not sure about the universe." -- Albert Einstein

      by Neuroptimalian on Mon Jan 21, 2013 at 02:18:54 PM PST

      [ Parent ]

  •  I think this is a state tax issue (1+ / 0-)
    Recommended by:
    johnny wurster

    California just raised its top state income tax rate to 13.3%, higherst in the US. If Phil moved to Florida his state income tax rate would be zero. Look for Phil to relocate.

    "let's talk about that"

    by VClib on Mon Jan 21, 2013 at 09:06:22 AM PST

  •  Ask Putin (2+ / 0-)
    Recommended by:
    ExStr8, Bob Love

    He needs to ask Putin for Russian citizenship.  Of course, his tax rate isn't as high as Depardieu's, but I'm sure Putin would like to help.

    Mit der Dummheit kämpfen Götter selbst vergebens.

    by MoDem on Mon Jan 21, 2013 at 09:16:35 AM PST

  •  foreign taxes (1+ / 0-)
    Recommended by:
    VClib

    I wonder how he feels about the taxes he has to pay to other countries for the international tournaments he plays in.  Though I am sure he has an accountant handle it for him so he might not even be aware how much he pays to each country.

    As an athlete aside,  Michael Young demanded[and got] the Phillies to give him a 1.2 million dollar bonus to cover PA state income taxes (since he had been playing in Texas which has no state income tax) in order to approve the trade.

    •  The bonus was to waive the no-trade rule (0+ / 0-)

      PA income tax is just over 3% so 1.2 million to cover PA income taxes would mean he is being paid $40 million.  Which he isn't.  

      "The next time I tell you someone from Texas should not be president of the United States, please, pay attention." Molly Ivins

      by janmtairy on Mon Jan 21, 2013 at 09:58:36 AM PST

      [ Parent ]

      •  well (2+ / 0-)
        Recommended by:
        janmtairy, VClib

        That was the stated reason in most news reports.  Obviously the no-trade rule was his leverage or he would have gotten nothing, but not every player with a no-trade clause gets this kind of bonus.  You throw $40 million out there like it is an absurd number, but it isn't really.  Say 200k was for relocation expenses.  $1 million/.0307~= $32.5 million.  His nominal salary is $17.2 million.  If his endorsements and investment income[he's had about $80 million in career earnings not counting endorsements] is also subject to state tax[ie he is forced to establish residency], it is not impossible that he'd have another $15 million in income.  A stretch maybe, but not impossible and it was the stated reason in news reports.  If all his income is subject to state taxes, I would be surprised if his state taxes were less than $800k.

  •  Poor, poor Phil... (0+ / 0-)

    ...he only gets to keep $26 million. How will he ever survive??

    Only the weak & defeated are called to account for their crimes.

    by rreabold on Mon Jan 21, 2013 at 10:21:11 AM PST

  •  62%? Really? Fire your accountant, Phil. (2+ / 0-)
    Recommended by:
    MadRuth, chicagobleu

    I mean, seriously.
    Anyone with millions in the bank is paying that sweet sweet low capital gains rate on all that investment swag, and it's a piece of cake for a sharp tax accountant to hid millions offshore.

    So, Phil, just FYI...if you're paying 62%, your accountant is a moron. That kind of rate is for the chumps. You know, your Hispanic maid and the guys mowing your 12 acre lawn.

    Asshole.

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