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
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Ask yourself. Can anyone blame him?
I don’t understand why there is an “uproar.” Is it because everyone assumes because he has so much money he can afford it and he therefore is so selfish? Maybe it’s just the point that when his taxes are added up, the government is taking 63 cents of every dollar. That’s ludicrous. Nobody should be forced to give that much of their hard earned money to the government. The government should not be surprised when high income earners start moving to places that are more tax friendly. That is their fault, not the tax payer.