Phil Mickelson upset about tax burden

SAN DIEGO – Professional golfer Phil Mickelson’s comments Monday regarding his effective high tax rate in California made it seem that was he considering retiring from the sport.

“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 is 62-63 percent, so I’ve got to make some decisions on what I’m going to do,” Mickelson said in an interview with Los Angeles Times.

Mickelson Plans To Redesign Torrey Pines CourseThe local golf hero, who lives in Rancho Santa Fe, has made $67 million in PGA winnings and millions more from sponsorships.

Mickelson said he plans to unveil his tax plan to the golfing world on Wednesday.

“I’m not sure what exactly, you know, I’m going to do yet,” he told the Times. “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.”

Longtime fans are worried that Mickelson is going to be the punch-line in a joke.

“It’s surprising that he is so frustrated about paying taxes while playing golf. I mean it doesn’t really sound like work to me,” said Keith McKenzie, a wealth manager from Delphi private advisors.

“We are seeing a lot of business make tough choices to leave the state, but they do it quietly,” McKenzie said.

———- UPDATE:

Mickelson released a statement Monday evening addressing his initial tax comments:

“Right now, I’m like many Americans who are trying to understand the new tax laws.  I’ve been learning a lot over the last few months and talking with people who are trying to help me make intelligent and informed decisions.  I certainly don’t have a definitive plan at this time, but like everyone else I want to make decisions that are best for my future and my family.

Finances and taxes are a personal matter and I should not have made my opinions on them public. I apologize to those I have upset or insulted and assure you I intend to not let it happen again.”


46 Comments to “Phil Mickelson upset about tax burden”

    lmbowler said:
    January 22, 2013 at 3:28 AM

    Reblogged this on Bowler's Desk and commented:
    Phil Mickson upset about tax burden

    sane guy said:
    January 22, 2013 at 6:29 AM

    I wish I had your problems…money may not make you happy but I'd rather be unhappy rich than unhappy poor

    freedie 1x said:
    January 22, 2013 at 6:40 AM

    he's full of u know what. show us your tax return

    Romeo said:
    January 22, 2013 at 6:48 AM

    I, like Sane Guy, would love to be in and solve Mickelson's tax issues….sounds like someone is out of touch….

    blisa said:
    January 22, 2013 at 8:45 AM

    Excessive , high tax Rates produces Less tax revenue .

    Throttlemonkey said:
    January 22, 2013 at 8:51 AM

    Phil Mikelson is the classiest dude I have ever met. I dont follow golf or celebrities. I used to work the ramp on the private side of the airport. Tow and fuel the planes, step and fetch, shlep bags etc. Getting yelled at or snubbed by big shots and stars was the norm. Spanos and Warren Beatty went out of their way to be rude, and then there was Phil. The guy shows up all smiles, looks you in the eye, asks your name, shakes your hand, thanks you, hits you with a hundred bucks. He did that for every guy on the ramp no matter if he worked his plane or not and he did it every time. His wife was always very gracious and would greet and make small talk with us as well. Ive jumped up a couple tax brackets myself since those days but will never forget his generosity. I needed that money and wanted to be apperciated for what I did. Stay classy Phil

    theresa said:
    January 22, 2013 at 9:22 AM

    Ah I shouild be so lucky to have that tax issue. I'm sorry I cannot feel sorry for you.

    Marisa said:
    January 22, 2013 at 9:29 AM

    Phil has had a good run for the last 8yrs on the bush taxes. They were never meant to be forever. So now we roll back the Clinton taxes & time to pay his fair share or take a play from Romneys playbook talk about how much you love America but hide ur money in offshore account.

    Mickey Mouse said:
    January 22, 2013 at 9:52 AM

    Eat the rich……..

    DocMatt said:
    January 22, 2013 at 2:58 PM

    All those "hate the rich" comments are the exact comments and sentiment that have led California into bankruptcy. I heard someone in Federal Court recently comment to me that there is little white collar crime in California. You want to know why? Because there are no more corporations that do business here for white collar criminals to defraud! So all you Obama lovers and "occupy" morons that think your EBT cards are forever, just wait until every millionaire you demonize is gone, no one will be left to pay your food stamps. FYI Phil is one of the best parts of San Diego. It is truly sad and pathetic that someone that has lived their entire life here would have to move due to the government stealing money.

      les said:
      January 22, 2013 at 3:30 PM

      take a chill pill, and try and stay on topic..

    Ray said:
    January 22, 2013 at 3:20 PM

    No matter what you think of him, having 60% of your money taken away is thievery!

      baronne said:
      January 22, 2013 at 3:33 PM

      so all he had left over is 20 some odd million dollars Ray? thank full for what he's got is out of line?

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