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Phil Mickelson makes a statement about high taxes then.....

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Phil Mickelson makes a statement about high taxes then.....

Old 01-26-2013, 09:15 AM
  #41  
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Originally Posted by Welshtrustee View Post
Flat tax and a national sales tax. Everyone pays their fair share that way. Done.
This, a million times, this!
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Old 01-26-2013, 10:23 AM
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Originally Posted by tokinred View Post
This, a million times, this!
I completely agree to however voters aka 47% wouldn't pass it because they would have to pay taxes and plus millions of jobs like accountants tax attorneys ect. would lobby against it. GOD FORBID THE TAX CODE WOULD MAKE SENSE
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Old 01-26-2013, 01:36 PM
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I bet his sponsor was a little upset...he's sponsored by KPMG.
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Old 01-26-2013, 02:20 PM
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James made same decision when he didn't sign with NY and when to Miami----- Ask WHY 17M reasons
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Old 01-27-2013, 04:55 AM
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Originally Posted by Danny33486 View Post
No, he will pay millions less in Florida
I would pay less too. My small savings would mean more to my financial welfare than to Phils. Should the whole country move to Florida?

Phil chooses to live in California. He was not complaining. The price to live in beautiful California is high. It can't be a massive surprise to him that taxes are going up in that state.
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Old 01-27-2013, 04:58 AM
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Originally Posted by cedarholm View Post
Are you self-employed like Phil is?
S-Corp. Flows through to my personal income. K-1.
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Old 01-27-2013, 05:09 AM
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I crack up when everyone says Phil should get a new accountant. I'm sure he's a wise person when picking his financial staff. He probably has plenty of them.

I'm sure the only reason Phil apologized was because bitching about his taxes was going to hurt him in the wallet by way of endorsements or product sales. Otherwise, why apologize.

If there is one thing we've learned over the past 4 or 5 months, is that the masses don't like "rich" people and the majority of Americans think "rich" people should pay until they are broke.

Phil just got caught in the middle, when in doubt, keep your mouth shut and spend your money as you see fit.
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Old 01-27-2013, 05:25 AM
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Welcome to the new world , and its not pretty . no matter how much tax uncle sambo collects there will never be enough . Recently I came to realize that our fed debt is a total ponzi sceme ? Just take a brief look at it . No pay off date ,ever . Any debt I ever got on had an end . the system gov uses is more revenue means more debt capeability . Masshole gov sambo is currently proposing an income tax increase = to a billion a year ? Also wants more fuel tax and property taxes are leaping to the point that I will have to raise rents ? How does that help the little guy ? Lets ask our elitest gov to send us a mortgage amortization showing the END ?
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Old 01-27-2013, 05:50 AM
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Originally Posted by t4000 View Post
welcome to the new world , and its not pretty . No matter how much tax uncle sambo collects there will never be enough . Recently i came to realize that our fed debt is a total ponzi sceme ? Just take a brief look at it . No pay off date ,ever . Any debt i ever got on had an end . The system gov uses is more revenue means more debt capeability . Masshole gov sambo is currently proposing an income tax increase = to a billion a year ? Also wants more fuel tax and property taxes are leaping to the point that i will have to raise rents ? How does that help the little guy ? Lets ask our elitest gov to send us a mortgage amortization showing the end ?
derp!!!...
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Old 01-27-2013, 06:24 AM
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Originally Posted by Mike Boehler View Post
I crack up when everyone says Phil should get a new accountant. I'm sure he's a wise person when picking his financial staff. He probably has plenty of them.

I'm sure the only reason Phil apologized was because bitching about his taxes was going to hurt him in the wallet by way of endorsements or product sales. Otherwise, why apologize.

If there is one thing we've learned over the past 4 or 5 months, is that the masses don't like "rich" people and the majority of Americans think "rich" people should pay until they are broke.

Phil just got caught in the middle, when in doubt, keep your mouth shut and spend your money as you see fit.
I for one said he should get a new accountant because clearly he doesn't pay 60%+ in taxes. The top 1% average about a 20% effective tax rate, unless the IRS is wrong.

The fact is, many people don't do their own taxes, and as a result, they don't even understand how our tax system works. Phil literally bitched about a fictional rate. He complained about something that exists only on paper. He may as well have complained that Harry Potter is a wizard and he isn't.

I honestly ydont think he needs a new accountant, I think he needs to get himself a tad bit educated.

That said, I don't understand why anyone that doesn't have to, would choose to live in California.
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Old 01-27-2013, 06:50 AM
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Originally Posted by jzima View Post
I for one said he should get a new accountant because clearly he doesn't pay 60%+ in taxes. The top 1% average about a 20% effective tax rate, unless the IRS is wrong.

The fact is, many people don't do their own taxes, and as a result, they don't even understand how our tax system works. Phil literally bitched about a fictional rate. He complained about something that exists only on paper. He may as well have complained that Harry Potter is a wizard and he isn't.

I honestly ydont think he needs a new accountant, I think he needs to get himself a tad bit educated.

That said, I don't understand why anyone that doesn't have to, would choose to live in California.
I got ya..
For a minute I thought you were like one of these sports fans that blogs about the secrets of an NFL team in the SuperBowl that the other team "hasn't figured out yet". As if assuming an internet blogger in his Moms basement knows more than an NFL coaching staff.

Kinda long analogy, but that's what my little mind was thinking.
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Old 01-27-2013, 07:02 AM
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I believe the 20% effective number is Federal Tax only,,,,, so in California add all the other taxes....

And if I am not mistaken - 50% of the population doesn't pay any taxes - so whats their "fair share"

Zero ?
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Old 01-27-2013, 08:16 AM
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28.9% effective is the federal average rate for the high earners, some pay less some pay more.

At $60 million annually of taxable income, deductions, ss and marginal rates below the top are meaningless, hundredths of a percentage point.

Feds 39.6%
Calif 13.3%
Medi 2.9%

Total 55.8%

Criminal.
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Old 01-27-2013, 08:33 AM
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And the Social security on the wage limit is not included in that either.
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Old 01-27-2013, 08:36 AM
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Originally Posted by triplenet View Post
I believe the 20% effective number is Federal Tax only,,,,, so in California add all the other taxes....

And if I am not mistaken - 50% of the population doesn't pay any taxes - so whats their "fair share"

Zero ?
I don't get it either.

Family of four, nice house, $50k Income = no taxes.

People like me are paying for them.

I take my Mort Int deduction.

People above me pay for that. So, cheers one percenters, I sincerely appreciate it!
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Old 01-27-2013, 08:38 AM
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Originally Posted by GWcpa View Post
And the Social security on the wage limit is not included in that either.
If you are talking about my post, social security is insignificant. Self employed, $14,100 max, or 2.3/100 of one percent of Phil's $60 million.
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Old 01-27-2013, 08:52 AM
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Originally Posted by Crabpot Man View Post

If you are talking about my post, social security is insignificant. Self employed, $14,100 max, or 2.3/100 of one percent of Phil's $60 million.
Yeah, so? He still has to pay it.
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Old 01-27-2013, 09:02 AM
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Originally Posted by Crabpot Man View Post
28.9% effective is the federal average rate for the high earners, some pay less some pay more.

At $60 million annually of taxable income, deductions, ss and marginal rates below the top are meaningless, hundredths of a percentage point.

Feds 39.6%
Calif 13.3%
Medi 2.9%

Total 55.8%

Criminal.

Don't forget that CA now has a millionaire tax. If this continues, all they'll have left to tax are illegal immigrants...and we all know they'll make up the shortfall in revenue...
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Old 01-27-2013, 09:08 AM
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Originally Posted by Mike Boehler View Post

If there is one thing we've learned over the past 4 or 5 months, is that the masses don't like "rich" people and the majority of Americans think "rich" people should pay until they are broke.
.
Capitalism bad, Socialism good, welcome to the New Amerika.....!!!
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Old 01-27-2013, 09:14 AM
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Originally Posted by GWcpa View Post
Yeah, so? He still has to pay it.
I understand that. My point was that in round numbers, it is insignificant.

new total 55.8235%

Feel better?
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