http://www.foxnews.com/sports/2013/01/21/golfer-phil-mickelson-plans-drastic-changes-over-new-tax-rate/

Right on topic!

:gobears:

gross - deductions - taxes = millions of dollars ... poor, poor blubbery baby phil ... boo hoo
buy a new bra, phil, then go away :p

may be off topic but still a relief from the new nega-bears crying because Cal's not recruiting like a football factory ... all those damn STUDENT-athletes we're getting. :p

What's he complaining about, he still has 40% of his salary left

People vote with their feet and move to locations where taxes and opportunities are greater......California can expect to see lots more of this happening in the future.

It already happens every day with businesses leaving California (see recent info on Comcast moving thousands of employees out of Sacramento, Campbell Soup closing Sacramento plant, Del Monte closing in Kingsburg etc. etc. etc.)

It is a little harder to track all the businesses who choose not to ever begin/expand business and/or add employees located in California but this too happens every day.

With the November results we can expect to see more high income/wealth individuals join the business exodus from California.

It is one thing to raise tax rates but rarely do tax revenues increase in the way projected because of changes in people's behavior.

The unintended consequences of Government actions are something that the folks in Sacramento and the person in Washington is incapable of comprehending.

82gradDLSdad;842066548 said:

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What's he complaining about, he still has 40% of his salary left

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marginal rates leave millions in his pocket each year
... baby phil is a loser no matter how much he makes and keeps
... crybaby boy can easily afford to buy the best bras at Victoria's Secret.

Adios Phil.

Once you've run out of names to call the rich people and business as they leave or decide to set up shop elsewhere, perhaps you can explain the logic behind a tax policy that serves to send wealth and jobs to other states while falling short of our revenue objectives?

How many students' reg fees would be covered by the millions he was and now will not be paying to the state? But you get to call him a crybaby and make some weird noncontextual reference to his buying lingerie, that's SO worth it!!

At some point we need to look at actual cause and effect, apart from emotions, and ask if the actions our governemnt is taking are serving the greater good and meeting our intended outcomes. If it isn't, logic would dictate that we tell the voters the truth and change course. We should be doing what works best, not what feels best.

+1,000,000 BeachyBear

BeachyBear;842066562 said:

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Once you've run out of names to call the rich people and business as they leave or decide to set up shop elsewhere, perhaps you can explain the logic behind a tax policy that serves to send wealth and jobs to other states while falling short of our revenue objectives?

How many students' reg fees would be covered by the millions he was and now will not be paying to the state? But you get to call him a crybaby and make some weird noncontextual reference to his buying lingerie, that's SO worth it!!

At some point we need to look at actual cause and effect, apart from emotions, and ask if the actions our governemnt is taking are serving the greater good and meeting our intended outcomes. If it isn't, logic would dictate that we tell the voters the truth and change course. We should be doing what works best, not what feels best.

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Why no one cares about call center jobs or fruit packer jobs or soup pushers. California will gladly outsource those jobs to other states:

http://www.foxbusiness.com/technology/2012/05/18/facebook-overnight-millionaires-start-luxurious-spending-spree/

http://www.twylah.com/dbmoore/tweets/258814802632269824.embed

Everything you use online besides amazon and Microsoft are probably based in California. This is why California can tell Phil's puny millions to GTFU

beelzebear;842066554 said:

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Adios Phil.

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Adios State Revenue. You can demonize Phil all you want, but you can't close your eyes to the fact of thousands of revenue producers leaving the State. The number is up to 60,000 per month? I can't get over the news clip of that woman interviewed in downtown San Bernardino looking at that ghost town at midday, asking, "Where have all the people gone?"

The more you tax something, the less you will have of it. Just as true for job creation as it is for smoking.

NVBear78;842066552 said:

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People vote with their feet and move to locations where taxes and opportunities are greater......California can expect to see lots more of this happening in the future.

It already happens every day with businesses leaving California (see recent info on Comcast moving thousands of employees out of Sacramento, Campbell Soup closing Sacramento plant, Del Monte closing in Kingsburg etc. etc. etc.)

It is a little harder to track all the businesses who choose not to ever begin/expand businesse and/or add employees located in California but this too happens every day.

With the November results we can expect to see more high income/wealth individuals join the business exodus from California.

It is one thing to raise tax rates but rarely do tax revenues increase in the way projected because of changes in people's behavior.

The unintended consequences of Government actions are something that the folks in Sacramento and the person in Washington is incapable of comprehending.

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NV - well put. Whatever short term benefit the state gets will be offset by many of those businesses & individuals leaving over the next few years. Those with wealth are more portable and moving away from CA where taxes go up to 13-14% becomes an easy decision. Unfortunately the folks in Sacramento are idiots.

Tommie, Tommie, Tommie...........

Don't you know that Governor Brown actually figured in the Facebook IPO windfall into the budget last year? And of course we know how well that IPO went vs. planned and as the stock tanked so the revenue to State surprise, surprise was much loss than planned.

I keep hearing people like you talking about how the Phil Mickelson's of the world are easily replaceable while paying little attention to the number of producers who are leaving as compared to any who come in new...

A good friend's son is a recent Cal grad and a real wizard at working with start up Silicon Valley companies. He tells me stories of how quickly these folks who make their new millions move thier companies (and themselves) off shore or to other states where the tax and regulatory burdens are less.

It is a simple fact of life and impacts our state every day. We are in competition with other states and countries and despite amazing benefits in weather and living situation are losing out every day...

California like a few large states only gets something like .87 for every dollar sent to the federal government via taxes. Fix that formula, make things even and equatable and California is better off and the state income tax likely goes down.

California really should consider splitting from the union if we're shorted on fed tax dollars by .13...that adds up. As the world's 9th largest economy, I think we could survive and do better.

As for corporations leaving California, let them leave...they'll be leaving the Prop 13 corporate loophole behind. If I understand it properly, corporate real estate taxes don't change even if ownership or partnership changes. No other state does or can afford this. Why should California?

poor little phil ... whining all the way to the banks (Caymans?)

as to his "bust" ... an opinion shared by many :p

Phil Mickelson = Saggy Man Breasts
An open letter to the US Open golfers, announcers, fans and anyone else connected to it.

1) Phil Mickelson, can you please find a bra? At the very least, stop wearing silk (I'm guessing) shirts with no undershirt. I don't want to see your erect nipples and jiggling breasts any more, especially when you are walking to the green right before missing a 4 foot put. And while you are at it, do a situp. You look as soft as the stay-puft marshmallow man.

http://answers.yahoo.com/question/index?qid=20070610081649AAetkcW

photo, but be forewarned, it aint purty
http://www.google.com/imgres?imgurl=&imgrefurl=http://www.welcometothe716.com/2012/05/07/ditch-the-man-boobs-bro/&h=350&w=300&sz=35&tbnid=GjgDjNV0kpVfVM:&tbnh=90&tbnw=77&prev=/search%3Fq%3D%2522phil%2Bmickelson%2522%2Bbra%26tbm%3Disch%26tbo%3Du&zoom=1&q=%22phil+mickelson%22+bra&usg=__ZCjqCmk2YJ99X74mIJB4HPFuGkA%3D&docid=Nn2Ev8esNndCGM&hl=en&sa=X&ei=Wor9UKrPC5Dw0QGry4CQAg&ved=0CCYQ9QEwAjgK&sei=i4r9UOWLLbPq0QHClYF4&gbv=2

Boo hoo. Job creator Phil leaves the state. He can go join Tiger in Floriduh, or go set up shop in Las Vegas.

Never met him, never did business with him, and I never considered him a barometer on the California economy.

Lefty is one of the last persons I'm taking tax policy advice from.

Him leaving California will be the better for all of us, unless you happen to polish his clubs.

He plays golf for a living. Jees.

NVBear78;842066574 said:

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Tommie, Tommie, Tommie...........

Don't you know that Governor Brown actually figured in the Facebook IPO windfall into the budget last year? And of course we know how well that IPO went vs. planned and as the stock tanked so the revenue to State surprise, surprise was much loss than planned.

I keep hearing people like you talking about how the Phil Mickelson's of the world are easily replaceable while paying little attention to the number of producers who are leaving as compared to any who come in new...

A good friend's son is a recent Cal grad and a real wizard at working with start up Silicon Valley companies. He tells me stories of how quickly these folks who make their new millions move thier companies (and themselves) off shore or to other states where the tax and regulatory burdens are less.

It is a simple fact of life and impacts our state every day. We are in competition with other states and countries and despite amazing benefits in weather and living situation are losing our every day...

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Facebook is just one of many ipo's every year. This year will be more of the same: box, Dropbox, twitter, square, foursquare, Pinterest, etc. Facebook is just the most famous one.

Those that move out for tax purposes (and not for retirement or travel) are just anecdotal evidence. As a management consultant for high tech companies and a proud brother of a Facebook multi millionaire, trust me.

The biggest impact to the unemployment rate is the housing market, not taxes. Look at Nevada with no state taxes and high unemployment rate.

Mickelson is the only major professional golfer that has stuck it out in California. Everyone else has already moved to Florida and Arizona, to obtain lower tax rates. When Phil decides to get out also, it is time to take another look at these economic policies.

annarborbear;842066605 said:

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Mickelson is the only major professional golfer that has stuck it out in California. Everyone else has already moved to Florida and Arizona, to obtain lower tax rates. When Phil decides to get out also, it is time to take another look at these economic policies.

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Can the kardashians gtfo too?

annarborbear;842066605 said:

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Mickelson is the only major professional golfer that has stuck it out in California. Everyone else has already moved to Florida and Arizona, to obtain lower tax rates. When Phil decides to get out also, it is time to take another look at these economic policies.

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Especially if you are a professional golfer. :rollinglaugh:

annarborbear;842066605 said:

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Mickelson is the only major professional golfer that has stuck it out in California. Everyone else has already moved to Florida and Arizona, to obtain lower tax rates. When Phil decides to get out also, it is time to take another look at these economic policies.

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Michelson is going to have to MOVE FAST or the golden gate will hit him in his fat girly-butt.
And, as you did not note, all those other gofer golfers went to other states long ago. But they'll return and be taxed on their in-state earnings. In aggregate, they'll still have millions in their pockets after taxes.

"For we, the people, understand that our country cannot succeed when a shrinking few do very well and a growing many barely make it. We believe that America's prosperity must rest upon the broad shoulders of a rising middle class. We know that America thrives when every person can find independence and pride in their work; when the wages of honest labor liberate families from the brink of hardship."

Phil, move to Arizona where your soul mate, Jan Brewer, awaits you with open arms and a stiff cocktail, or three.

Some of you guys are absolutely right. I now openly weeping for Phil Mickelson's tax fate in California with regret and massive sorrow. WHY, oh WHY must Phil leave California? WHY? Say it ain't so Phil! Say it ain't so!

Okay, it's so. Golf is a dying sport.

tommie317;842066599 said:

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Facebook is just one of many ipo's every year. This year will be more of the same: box, Dropbox, twitter, square, foursquare, Pinterest, etc. Facebook is just the most famous one.

Those that move out for tax purposes (and not for retirement or travel) are just anecdotal evidence. As a management consultant for high tech companies and a proud brother of a Facebook multi millionaire, trust me.

The biggest impact to the unemployment rate is the housing market, not taxes. Look at Nevada with no state taxes and high unemployment rate.

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Every state has to strike their own balance with these types of decisions. Raising taxes comes with its own pros and cons just as lowering them does. California makes the decision to have relatively high taxes, even though that may serve to drive some businesses and wealthy people out of the state. Why? Probably because CA is a "resource-rich" state -- lots of educated people, wealthy areas (Bay Area, L.A.), lots of natural resources. If some of the "job creators" move out that is not a huge concern so long as there are more coming along to replace them.

A state like Delaware is on the other end of the spectrum. Business don't have much reason to incorporate there without the favorable tax laws. Meanwhile, DE is a small state so those companies just opening up a small office that employs 50-100 people means a lot to them, while it would just be a drop in the bucket in CA.

Just looking at one example of a rich golfer making the personal decision to relocate doesn't really explain the totality of the reasons behind our state's tax laws. We can debate the degree to which the laws are fair, but too often I see people making extreme black-or-white statements when it's not that simple (and it happens on both sides, though honestly I think we see the "no quarter" argument more from the low-taxes crew these days)

beelzebear;842066622 said:

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Some of you guys are absolutely right. I now openly weeping for Phil Mickelson's tax fate in California with regret and massive sorrow. WHY, oh WHY must Phil leave California? WHY? Say it ain't so Phil! Say it ain't so!

Okay, it's so. Golf is a dying sport.

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Rounds played keep dropping ... golf is NOT inexpensive, not to mention the amount of free time needed to play 18 and pay for the 19th hole booze.

A lot of gated communities with courses are suffering as the courses are deep in red ink with no way to reverse the trend. Property values drop as the communities need special assessments to sink into the bottomless golf cup.
Triple bogies or worse, not birdies. Big losses are now par for the courses.

Many municipalities that sucked money from other projects to gain the "prestige" of a muni course are also facing major decisions as schools, etc. seem more important than subsidizing golf courses that can't pay their way.

Palmer and Nicklaus and their cohorts are long gone.
Tiger is no more (despite showing up at furdie football games as a non-grad).
Young players are ... boring. Technicians with the personalities of ... technicians.

sycasey;842066626 said:

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Every state has to strike their own balance with these types of decisions. Raising taxes comes with its own pros and cons just as lowering them does. California makes the decision to have relatively high taxes, even though that may serve to drive some businesses and wealthy people out of the state. Why? Probably because CA is a "resource-rich" state -- lots of educated people, wealthy areas (Bay Area, L.A.), lots of natural resources. If some of the "job creators" move out that is not a huge concern so long as there are more coming along to replace them.

A state like Delaware is on the other end of the spectrum. Business don't have much reason to incorporate there without the favorable tax laws. Meanwhile, DE is a small state so those companies just opening up a small office that employs 50-100 people means a lot to them, while it would just be a drop in the bucket in CA.

Just looking at one example of a rich golfer making the personal decision to relocate doesn't really explain the totality of the reasons behind our state's tax laws. We can debate the degree to which the laws are fair, but too often I see people making extreme black-or-white statements when it's not that simple (and it happens on both sides, though honestly I think we see the "no quarter" argument more from the low-taxes crew these days)

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All the politicians want is a revenue projection going in that's high enough to offset that year's spending projection. They can buy that cheaply enough. Then, when the predictably low actual revenue begins to (not) come in, they can blame it on Phil and raise taxes some more. Rinse, repeat.

What will it take for the rest of the tax payers of CA, at all levels, to accept reality and take their medicine? State bankruptcy? Even then, there will be plenty of pols who will blame it on the rich and on anything else they think the voters will believe. The only thing that will fix this is when the President says a flat NO to a bail out. By then, it may be too late and we'll have Greefornia. Solution #2? Growth - that's the common sense way, but that will have to come post-apocalypse the way things are going.

1979bear;842066563 said:

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+1,000,000 BeachyBear

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Exactly...there are a lot of people who "don't get it".
Phil isn't one of them.

Rushinbear;842066639 said:

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All the politicians want is a revenue projection going in that's high enough to offset that year's spending projection. They can buy that cheaply enough. Then, when the predictably low actual revenue begins to (not) come in, they can blame it on Phil and raise taxes some more. Rinse, repeat.

What will it take for the rest of the tax payers of CA, at all levels, to accept reality and take their medicine? State bankruptcy? Even then, there will be plenty of pols who will blame it on the rich and on anything else they think the voters will believe. The only thing that will fix this is when the President says a flat NO to a bail out. By then, it may be too late and we'll have Greefornia. Solution #2? Growth - that's the common sense way, but that will have to come post-apocalypse the way things are going.

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I have an idea! Let's build a golf course community for Baby Boomers living a lie. Oh wait, it's not 2004?

DrDanger;842066644 said:

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Exactly...there are a lot of people who "don't get it".
Phil isn't one of them.

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He gets hitting a small white ball with a thin stick

I'd have a lot more sympathy for Mickelson if he knew what he was talking about. For him to cite social security as a tax when he only paid about 0.01% of his income to that tax (because it stops being taxed after about $110k) shows that he either doesn't know what he is talking about or he is purposefully trying to mislead. He might reach around a 50% tax rate if you exclude any income from his considerable pre-existing wealth.

He is worth about $150M. Dividends and capital gains on that gets taxed at about, what 20% (I forget the most recent tax law)? So, as that income goes up relative to his working income, then his tax rate goes down.

Some people like Mickelson leave, other innovators and entrepreneurs enter California.

Good!

He can move to some other state and pay less taxes. Seems pretty simple to me. Seems like he's weighing living in CA vs. paying less taxes. We all make that decision.

82gradDLSdad;842066663 said:

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He can move to some other state and pay less taxes. Seems pretty simple to me. Seems like he's weighing living in CA vs. paying less taxes. We all make that decision.

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If it is just a matter of Calif vs. some other state, then just move. Why hold a press conference? I think it is more than just the CA tax, though maybe the straw that broke the camel's back.

are really weird or gay?

esp when they visualize them in Victoria's Secret apparel


... crybaby boy can easily afford to buy the best bras at Victoria's Secret.

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His fellow tour pros refer to him by the acronym "Fig Jam", which stands for "F*** I'm good. Just ask me."