Wednesday, January 23, 2013 – 11:45 a.m.
Last modified: January 23, 2013 – 05:30 p.m.
Professional Golfer Phil Mickelson ignited an uproar, when he suggested he may move out of California because of high taxes plaguing the Golden State.
An action that is his right.
Many news outlets have covered the matter. Most have given tidbits of the golfer’s tax situation.
Mickelson resides in Rancho Santa Fe, which falls within the County of San Diego.
Here’s a detailed rundown of just how California picks the pockets of its taxpayers. Mickelson, because he’s successful at what he does, takes the brunt.
Federal Income Tax 39.6% California Income Tax 13.3% Medicare and Medicaid Tax 2.0% New Health Care Tax 0.9% - on Earned Income/3.8% on Investment Income Self-Employment Tax 15.3% - on 1st $113,000 of Income. 2.9% Thereafter San Diego County Property Tax 1.0% - of Assessed Value (Excl. local taxes) Sales Tax (San Diego County) 8.0% Gasoline Tax $0.38 - per gal. + add'l 2.25% Sales Tax on unleaded
Ask yourself. Can anyone blame him?