GrizPony said:
Here is what might not be so great about CA. http://kdvr.com/2013/01/21/phil-mickelson-says-higher-taxes-are-causing-him-to-consider-retirement/" onclick="window.open(this.href);return false;
Even Forbes.com got a chuckle out of that one:
"For starters, courtesy of President Obama’s re-election and the subsequent fiscal cliff negotiations, Mickelson will experience an increase in his top tax rate on ordinary income from 35% to 39.6%, and an increase in his top rate on long-term capital gains and qualified dividends from 15% to 20%. Clearly, when faced with tax hikes of that magnitude, it stops making economic sense for Mickelson to continue to swing a metal stick up to 70 times a day in exchange for the $48 million he earns on an annual basis.
But it gets worse. Thanks to the expiration of the temporary 2% reduction in the payroll tax rate on the first $113,700 of self-employment income, Mickelson will have to fork over an extra $2,274 in tax during 2013, an additional burden that makes it hard to justify briskly walking as many as five miles per day, four days a week. In long pants, nonetheless."
http://www.forbes.com/sites/anthonynitti/2013/01/21/golfer-phil-mickelson-may-call-it-quits-due-to-climbing-tax-rates/" onclick="window.open(this.href);return false;