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#1016637 - 07/23/13 02:44 PM Phil Mickelson  
Joined: May 2001
Posts: 7,412
Ray E. Strode Offline
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Ray E. Strode  Offline
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Joined: May 2001
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Brunswick, Ga. USA
Reports are that Phil will pay 61.12 percent of his earnings for winning the British Open. Now won't that remove the salt from your peanuts!


Ray E. Strode
#1016643 - 07/23/13 03:51 PM Re: Phil Mickelson [Re: Ray E. Strode]  
Joined: Feb 2007
Posts: 10,759
Kevin Emmrich Online content
Kevin Emmrich  Online Content


Top 10 Poster

Joined: Feb 2007
Posts: 10,759
Crozet, VA
That is a bummer! The UK collects taxes on non-citizens earning money in the UK. He won the Scottish Open and the British open with over $2 Million in earnings -- and 40-45% goes to the UK, 3% on some of it to SS/medicare and ~13% on some of it to California


"Good science comes in peer reviewed journals. Conspiracy theories come in YouTube videos. "
Kevin @ bandcamp: Crows Say Vee-Eh (and Kevin @50/90 2019)
#1016691 - 07/23/13 09:45 PM Re: Phil Mickelson [Re: Kevin Emmrich]  
Joined: Apr 2006
Posts: 5,788
Lynn Orloff Offline
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Lynn Orloff  Offline
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Joined: Apr 2006
Posts: 5,788
PA of the great USA
The power to tax is the power to destroy!! (Chief Justice John Marshall)

On Phil in case you missed this, I saw it on TV and was WOW!!!

http://youtu.be/rfm7r0QbXyM

I'm pretty sure this was on his birthday too!!!



My Music at Soundclick
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~call it a blessing or call it a curse, but I see all of life in verse~

Always open to collaborations smile

God Bless Our Military!!!
#1016696 - 07/23/13 10:52 PM Re: Phil Mickelson [Re: Lynn Orloff]  
Joined: May 2006
Posts: 7,909
Colin Ward Offline
Colin Ward  Offline

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Joined: May 2006
Posts: 7,909
Saint Petersburg. FL
And the US collects tax from non-citizens earning money in the US!


Colin

I try to critique as if you mean business.....

http://colinwardmusic.com/

http://rosewoodcreekband.com/


#1016702 - 07/23/13 11:31 PM Re: Phil Mickelson [Re: Colin Ward]  
Joined: Jan 2005
Posts: 13,325
Michael LeBlanc Offline
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Michael LeBlanc  Offline
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Joined: Jan 2005
Posts: 13,325
Louisiana
i think Phil should flip them the "birdie"!

#1016705 - 07/23/13 11:42 PM Re: Phil Mickelson [Re: Michael LeBlanc]  
Joined: Sep 2003
Posts: 4,199
Bill Osofsky Offline
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Bill Osofsky  Offline
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Joined: Sep 2003
Posts: 4,199
Utah
That taxation sucks. But I think for Phil at this point in his life, it's more about the title than the money.


#1016791 - 07/24/13 07:03 PM Re: Phil Mickelson [Re: Bill Osofsky]  
Joined: Apr 2001
Posts: 19,123
Brian Austin Whitney Offline
Brian Austin Whitney  Offline

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Indianapolis, IN USA
California takes over 60% between Fed taxes and state taxes and local taxes in some jurisdictions... that is why many corporations flee the state to places like Texas who has no state tax at all.

Brian


Brian Austin Whitney
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[Linked Image]
#1016807 - 07/25/13 01:12 AM Re: Phil Mickelson [Re: Brian Austin Whitney]  
Joined: Nov 2011
Posts: 3,553
E Swartz Online content
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E Swartz  Online Content
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Joined: Nov 2011
Posts: 3,553
Ohio
Phil just needs to find a job in a lower tax bracket to avoid the high percentage of taxation--problem solved for him.......ok, of course that was a stupid remark but state legislatures pass their state tax laws don't they? None of us want to pay unfair taxes, but all of us should want to pay taxes that are reasonable. If you don't agree with your state's tax laws, move. If enough people would do that, the laws may change. Phil, being a celebrity knows that he'd get "flack" if he moved, which may not be good for his advertising career.

#1016812 - 07/25/13 03:28 AM Re: Phil Mickelson [Re: E Swartz]  
Joined: Apr 2001
Posts: 19,123
Brian Austin Whitney Offline
Brian Austin Whitney  Offline

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Joined: Apr 2001
Posts: 19,123
Indianapolis, IN USA
E,

If only that were true. High tax cities and states have been hemorrhaging businesses and higher earning (and tax paying) citizens to other states, sending jobs to other countries and sheltering money in other countries, something that companies associated with the government's "Jobs Council" set up by our President take advantage of profusely. (GE for example paid no taxes at all, Google paid low single digit % in taxes etc.). On top of that, GE shipped huge numbers of jobs overseas on top of paying no US taxes. So in truth, they had no positive impact as a corporation on TAXES in our country, even though they do business in all 50 states and all of our territories. No Taxes. And there are businessmen who are vilified because they do not want to pay 60%+ in personal taxes. You know who can't afford to move elsewhere to avoid those tax rates E? Poor people... but of course, nationwide, 47% of people pay no Federal taxes, but those folks who are the working poor? They do... which is why many have discovered they can live just as well or better off of food stamps, welfare, medicare and medicaid and other assistance programs than they can working, especially in those places where so much is taken in taxes. Phil can afford it.. he's earned 100's of millions of dollars so he's set, his kids are set and his grandkids are set and likely theirs as well. But working poor (anyone making 50K or less) get hammered. The average amount we (apparently us silly people working and paying taxes) pay for each person not working in benefits and money/food stamps etc. is approaching 50K per person. Yeah.. it's a shocking number but it explains why our real unemployment number is closer to 15-16% since they are not counting those who stop looking for jobs after weeks of unemployment run out, nor are they adding in the new workers entering the employment market each month/year.

So, it sucks for someone who ONLY gets paid on the Golf course if they perform (there's no Golf Failure to perform pay, you either make the cut after qualifying to play, or you get nothing) at the highest level in the world. If he was a stock trader or the owner of a government contractor he'd likely know how to protect most of his money and pay very little in taxes.


Brian Austin Whitney
Founder
Just Plain Folks
jpfolkspro@gmail.com
Skype: Brian Austin Whitney
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"Don't sit around and wait for success to come to you... it doesn't know the way." -Brian Austin Whitney

"It's easier to be the bigger man when you actually are..."

[Linked Image]
#1016821 - 07/25/13 06:38 AM Re: Phil Mickelson [Re: Brian Austin Whitney]  
Joined: Sep 2006
Posts: 1,620
Noel Downs Offline
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Noel Downs  Offline
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Joined: Sep 2006
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Gungal NSW Australia
If you want good roads... you pay taxes, if you want an honest police force/ law and order... you pay taxes, if you want fire brigade, defence force (that isn't about to take control of your country).. you pay taxes...

If you want to reduce the amount you pay on Police, Fire brigade and defence force... you pay welfare (eg education, healthcare, housing, food and overseas aid... for those that don't have your good fortune)

Every $1 you invest in welfare saves about $10 in each of the others, and if you invest it in kids before the age of 10 it's something like $1 saves $100...

That is the price of living in society... smile

I don't mind paying tax so much, its the paying politicians that I dislike... they should be on a productivity based wage and if caught with their hand in the till it should be taken off with their head...

BTW I paid tax to the USA this year something like 36c in the dollar...

admittedly I only earnt $17 in royalties but that was came to about $5 in tax... so I only got $12... hey but I got a royalty check smile (actually a royalty EFT Notice smile )

Cheers

All





http://www.soundclick.com/noeldownsandfriends

Tolerance means if you don't like something you ignore it
#1016833 - 07/25/13 10:06 AM Re: Phil Mickelson [Re: Noel Downs]  
Joined: Aug 2002
Posts: 6,830
Everett Adams Offline
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Everett Adams  Offline
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Joined: Aug 2002
Posts: 6,830
,NL Canada
Death and taxes you can't escape,unless you are rich enough to hire lawyers and accountants to show you how, even then,you can't escape DEATH.

#1016867 - 07/25/13 03:27 PM Re: Phil Mickelson [Re: Brian Austin Whitney]  
Joined: Mar 2006
Posts: 370
Dak Lander Offline
Top 500 Poster
Dak Lander  Offline
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Joined: Mar 2006
Posts: 370
LoCal
Originally Posted by Brian Austin Whitney
E,

........

So, it sucks for someone who ONLY gets paid on the Golf course if they perform (there's no Golf Failure to perform pay, you either make the cut after qualifying to play, or you get nothing) at the highest level in the world. If he was a stock trader or the owner of a government contractor he'd likely know how to protect most of his money and pay very little in taxes.


Mickelson makes plenty of money off the golf course and he does have someone advising on finances. In fact not too long ago the proverbial [naughty word removed] hit the fan when he remarked about possibly moving to another state due to the high taxes in California. The uproar was tremendous, mostly not about the money, but his leaving what has been his home state for so long.


Get My Gear Here!

"That ol' dog's so mean, he ain't done nothin' but eat nails and [naughty word removed] nickels ever since he was born"
#1016872 - 07/25/13 04:03 PM Re: Phil Mickelson [Re: Dak Lander]  
Joined: Jun 2013
Posts: 2,528
Bugsey Offline
Top 100 Poster
Bugsey  Offline
Top 100 Poster

Joined: Jun 2013
Posts: 2,528
Originally Posted by Dak Lander
Originally Posted by Brian Austin Whitney
E,

........

So, it sucks for someone who ONLY gets paid on the Golf course if they perform (there's no Golf Failure to perform pay, you either make the cut after qualifying to play, or you get nothing) at the highest level in the world. If he was a stock trader or the owner of a government contractor he'd likely know how to protect most of his money and pay very little in taxes.


Mickelson makes plenty of money off the golf course and he does have someone advising on finances. In fact not too long ago the proverbial [naughty word removed] hit the fan when he remarked about possibly moving to another state due to the high taxes in California. The uproar was tremendous, mostly not about the money, but his leaving what has been his home state for so long.


Well nobody likes to pay 60% taxes no matter how much you make.

But you're right, He would get most of his money from endorsements, these guys make so much money it's insane.

From golf clubs, to balls, to tees, to gloves, to hats, to sneakers, to water, to sports drinks. Motivational speeches and appearances and events. Once you have a decent name in golf, the money you make is rediculos.

Licensing and sponserships too. Even a one time qualifier can make alot of money off the course.

Auto Racers make money the same way, even bowlers can make alot more from endorsements and appearances than actually winning a tourney.

I dont think Michelson needs to ever play again, not unless he's got women taking his money like ole Tiger....


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