Goodbye “Taxifornia”: Golfer Phil Mickelson may “bolt” California over rising taxes
From Global Economic Trend Analysis:
Golf star Phil Mickelson has had enough of California taxes. He totaled up Federal and California state taxes and came up with 62%.
What about sales taxes? Regardless, he has finally had enough of Taxifornia.
Fox News reports Teed off: Golf star Phil Mickelson may bolt California over taxes:
For golf legend Phil Mickelson, the low 60s makes for a great score on the links – and a lousy tax rate in his home state of California.
Mickelson said “drastic changes” are ahead for him due to federal and California state tax increases that have pushed his tax rate to what he figures adds up to “62, 63 percent.” The left-hander will talk more about his plans – possibly moving out of California or even retiring altogether – before his hometown Farmers Insurance Open, the San Diego-area event that begins Thursday at Torrey Pines.
Mickelson, who lives in Rancho Santa Fe, is unsure exactly what he’ll do, but changes will come, he said. If he bolts California, the San Diego native could be the Golden State’s answer to actor Gerard Depardieu, who renounced his French citizenship and moved to Russia after the French government tried to jack up taxes on the rich.
“There are going to be some drastic changes for me because 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,” he said. “So I’m going to have to make some changes.”
California voters in November approved Proposition 30, which, in addition to raising the state sales tax, carries…