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900K for 2 weeks work not enough for Phil

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Poor poor Mickelson. It's just so hard to stay interested in playing golf.

 

"In an interview with CNBC's Maria Bartiromo from The Barclay's golf tournament that aired on Friday, Mickelson was asked how it felt to pay over 60% of his British and Scottish Open winnings in taxes. "It's not making me want to go out and work harder," Mickelson said."

 

Seriously?

 

This is the second time he has moaned about how he is suffering because of taxes to media outlet. I like the way he plays. I think he is was a great golf ambassador for Callaway- but these comments make him look like Thurston Howell III from Gilligan's Island. I am no longer a fan.

 

From Kos- which puts it well:

 

For the record, Mickelson makes $36 million per year on endorsements alone. He won $1.43 million at the British Open and around $800,000 at the Scottish Open. Since he has to pay taxes where he earned the income, the Brits will take 45 percent of his take, with California taking another 13 percent slice. So assuming there are assorted other taxes that add up to 60 percent of the haul, he ended up taking home what, about $900,000? TYRANNY! I mean, he BUSTED HIS ASS for two whole weeks to earn that cash!

Lucky for the world, there are plenty of other golfers that would be happy to pick up the slack for him. So he should feel free to retire to Somalia. They don't have socialist taxes there. Then some other poor sap will have to suffer the indignity of paying taxes on $2.2 million of earnings for two week's work."

 

Phil, just play golf. If you are asked about paying the taxes which are due in a foreign country (which you knew you would pay before you went), the correct response is to say that the British Open and Scottish Open are some of the primer golf events of the season and you are just happy to have the opportunity to play in them and honoured to have won.

 

The other option. If a 900K+ pot isn't enough for you? Stay home.

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I can see being upset about getting your money taken for taxes but for the pros, please keep it to yourself. You make millions already, you play golf for a living, yeah life is horrible. I like Phil but he is starting to get annoying with the whole tax thing. I mean when you think about 60% is a nice chunk from your winnings but don't complain when it's still a lot of money and you make millions in sponsors.

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I can see being upset about getting your money taken for taxes but for the pros, please keep it to yourself. You make millions already, you play golf for a living, yeah life is horrible. I like Phil but he is starting to get annoying with the whole tax thing. I mean when you think about 60% is a nice chunk from your winnings but don't complain when it's still a lot of money and you make millions in sponsors.

 

Right. He could move to Texas or Florida if he didn't want to pay state taxes. I'm sure anyone would love to be able to earn a living playing a game. I understand he works very hard for his money just like anyone else but when your pay checks are more than most may make in a lifetime just keep it to yourself

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Let him piss and moan.

 

I've got more important things to worry about than a millionaire complaining about how much tax they pay, like, how many more hours I have to work to keep a roof over my family's head.

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As far as Im concerned, Phil has NOTHING to whine about. When he works his butt off every day and still barely can afford to keep a roof over his head, then he can complain.

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I didn't see the full story, but for me, it sounds like Phil was asked a question and he answered it honestly. That's it. It might not be what people want to hear but I'd much rather have someone (whoever it is) being real and answering questions directly than skirting around the edges, watering things down. I agree that Phil is very fortunate to be able to make an extremely good living doing something that he loves ... I don't consider answering a question that was posed to you honestly as whining.

 

We applaud some professional sportspeople for being 'a character', or for being 'very real' ... so long as their 'being real' doesn't offend us. Phil doesn't enjoy paying what he sees as excessive taxes. I don't either, and I think I'd enjoy paying taxes in two countries even less. If someone asked me the same question I'd probably answer it in a similar fashion.

 

Just my opinion.

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I started this post twice and walked away without posting because this subject treads into politics. The problem is that to you, it is 900k. However, it remains that money is after forking over 60 % to governments. It doesn't matter how much money you make, it stings to give away 60% of your earned income. You have to keep that in mind when you read that he said something about money. Think how offensive it is when you look at a pay stub and you see how much you are forking over.

 

I understand the point, it is still 900k, but it hat is not the point. It is his paycheck, and that sting is the same.

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Seriously? Do you people have any idea who Maria Bartiromo is? She is an achor/reporter/editor in cheif for CNBC Wall Street Journal Report. The only reason she is at The Barclays, unless it is playing hooky, is to talk about financial matters. Phil has been asked about this just about every week during his weekly press conference and has simply said he was not talking about it.

 

This chick specifically asks him a question and he answers it, and she is covering a sector that she normally does. He answers it honestly and you are pissed off about it.

 

I really find it interesting that some dude in Bangkok, Thailand, where if Phil lived there would have to pay 23% yet they have a 26% tax on hotels to tourists.

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Populism is ever popular though it baffles me.

 

So, those who pay the lions share of taxes should have no voice because they aren't living paycheck to paycheck? That's not the way this country ought to work. Patrick Henry anyone?

 

It's the fear of populist backlash that all the tax authorities count on to keep the pros quiet as they take the MAJORITY of winnings (for NO effort on their part I might add).

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To quote you "he busted his ass for two whole weeks"

 

How about dedicating your ENTIRE LIFE (43 years) to golf. You've got it all wrong jackass

 

It's easy to say from this side of the fence but if you were the one, you'd actually see his point.

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I smile at your bluntness apprenti23, but the ad hominem is gratuitous. You nailed it with the lifetime dedication.

 

On another note, it's the winner's money. Not Scotland, or California, or yours or mine. They earned it based on their performance. What they do with it should be NONE of our business. Whether they want to donate it to kids with ALS & cancer or burn it in the street. It's none of my business. That's why it's not polite to ask people how much money they make, because then you start judging how they spend it.

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My thoughts on Phil whining about paying taxes is just the same as they would be about anyone paying taxes: Do you like having roads to drive on, police and fire to keep you safe and a military that protects you from other countries? Ok then, quit whining and shut your mouth. :rolleyes:

I can understand Phil looking at how much he is forking over for taxes but he still comes off as spoiled, selfish and greedy because he still makes more than enough to pay his bills, take his family on great vacations and his kids Im sure get the best school and will be able to go to the best colleges that they can get into. Its much different for someone like Phil than it is for someone who works for minimum wage, works their butt off and still cant afford to do anything fun in their spare time. It just scream of someone who is out of touch and doesnt get it. Its a classic case of a rich person who doesnt feel as though they should be expect to pay their fair share, just like everyone else does.

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I can understand Phil looking at how much he is forking over for taxes but he still comes off as spoiled, selfish and greedy because he still makes more than enough to pay his bills, take his family on great vacations and his kids Im sure get the best school and will be able to go to the best colleges that they can get into.

 

This is a perfect way to put it, although I don't know about buying your way into certain colleges but it probably happens and we just don't know about it which would be a shame.

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My thoughts on Phil whining about paying taxes is just the same as they would be about anyone paying taxes: Do you like having roads to drive on, police and fire to keep you safe and a military that protects you from other countries? Ok then, quit whining and shut your mouth. :rolleyes:

I can understand Phil looking at how much he is forking over for taxes but he still comes off as spoiled, selfish and greedy because he still makes more than enough to pay his bills, take his family on great vacations and his kids Im sure get the best school and will be able to go to the best colleges that they can get into. Its much different for someone like Phil than it is for someone who works for minimum wage, works their butt off and still cant afford to do anything fun in their spare time. It just scream of someone who is out of touch and doesnt get it. Its a classic case of a rich person who doesnt feel as though they should be expect to pay their fair share, just like everyone else does.

 

Your argument is invalid :-). If everyone is taxed equally, then fine, but they aren't and therein lies the rub. ( Before I got any further, let me say this, I have personally paid taxes at both ends of the spectrum ). As your income increases, so does your tax burden in raw percentage of your income ( and if you've ever been paid 1099 income on winnings, or as a contractor, you'll understand what I am about to say best ) the money grab is even more painful because it is done after you get the money. It was in your bank account.

 

If you have always just earned a paycheck (in the US at least) then you have likely never experienced the horror of writing a check that amounts to >40% of your income every quarter to the IRS. I don't care if it is 15k or 1.1m, that is a huge pain, and it will loom in your mind every time you make a deposit. When you are working W2 income, you never see that money, it is just a value on the paycheck you take, so your taxes are an ephemeral thing that you 'pay' but don't really pay because it never affects your bank balance, it all came out of your check before you got it. The taxing bodies know this psychology and have used it for ever.

 

So, that said, yes, it hurts. Funny thing about taxes. If you really want to tax, do it based upon consumption, not income. Pay tax on what you buy. Guess what, the rich still bear the lion's share of the tax burden, but now the do so based upon what they spend. Phil spends more, he flies more often, he drives more expensive cars, he drinks more expensive wines, so the net result is the same, but the pain is changed. Now paying that tax is a willful choice. He still gets to pay for medicaid, welfare & food stamps, but now he does it when he buys his Rolls Royce, not when he just won a tournament.

 

Finally, there is this lovely bit about roads and the military. I doubt he has much issue with paying taxes for those things, not many people do. What galls is paying taxes for the family of 8 (and growing) living on welfare ( more kids == more money ) and working the system to indulge themselves in 'what they are owed'. It galls to see all those SUV's being driven down the roads we pay for, sucking down fuel a 7-8mpg, clogging up the major roads with 30 mile commutes hauling 1 person. It is galling to be unable to safely commute to work ( 11 miles each way ) by bicycle in an effort to be healthier ( less burden on your tax dollars ), greener (less fuel, less wear on tear on your roads ) and responsible because the entitled drivers cannot be expected to give a safe cushion of space in their rush to get where ever they are going.

 

It should be offensive to every tax payer to see these things, but all we see is how galling it is when someone richer than your are complains about paying an inequitable tax bill?

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"Do you like having roads to drive on, police and fire to keep you safe and a military that protects you from other countries?"

 

IF that was truly what the government was spending our taxes on, they wouldn't need to seize 60% of ANYONE'S earnings (AND still "borrow" and create money out of thin air).

 

I worked a couple of decades for the Federal government and to be blunt, the wasted, useless spending is mind boggling (and getting worse)...

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I don't begrudge anyone their right to complain about their taxes.

 

However, I do suspect his numbers and percentages are being fudged a bit, perhaps not for that specific tournament purse, but in general. He may in fact pay 60% of a portion of his taxable income, but you can bet there are smart people working for Phil who's sole job is to manage what that "taxable income" number is. He's writing off his jet, he's writing off his lodging, his food, his clothes, everything associated with him being able to do what he does is written off. He's making tax deferred investments and taking advantage of tax shelters. If he's not, he's stupid! But, alot of the tax breaks cater to the upper income brackets. You've got to have money to even take advantage of them. What I'm saying is 60% probably isn't 60%. Historically, the top bracket even in the good ol' US of A has been 90%, and even then, folks still found it within themselves to be productive.

 

Phil's tournament winnings are piss in a bucket in his overall financial picture. He makes more (WAY more) off the prestige and marketability the win gives him than the prize purse! The brim of his hat is worth more money.

 

He can ****** all he wants though!

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Your argument is invalid :-). If everyone is taxed equally, then fine, but they aren't and therein lies the rub. ( Before I got any further, let me say this, I have personally paid taxes at both ends of the spectrum ). As your income increases, so does your tax burden in raw percentage of your income ( and if you've ever been paid 1099 income on winnings, or as a contractor, you'll understand what I am about to say best ) the money grab is even more painful because it is done after you get the money. It was in your bank account.

 

If you have always just earned a paycheck (in the US at least) then you have likely never experienced the horror of writing a check that amounts to >40% of your income every quarter to the IRS. I don't care if it is 15k or 1.1m, that is a huge pain, and it will loom in your mind every time you make a deposit. When you are working W2 income, you never see that money, it is just a value on the paycheck you take, so your taxes are an ephemeral thing that you 'pay' but don't really pay because it never affects your bank balance, it all came out of your check before you got it. The taxing bodies know this psychology and have used it for ever.

 

So, that said, yes, it hurts. Funny thing about taxes. If you really want to tax, do it based upon consumption, not income. Pay tax on what you buy. Guess what, the rich still bear the lion's share of the tax burden, but now the do so based upon what they spend. Phil spends more, he flies more often, he drives more expensive cars, he drinks more expensive wines, so the net result is the same, but the pain is changed. Now paying that tax is a willful choice. He still gets to pay for medicaid, welfare & food stamps, but now he does it when he buys his Rolls Royce, not when he just won a tournament.

 

Finally, there is this lovely bit about roads and the military. I doubt he has much issue with paying taxes for those things, not many people do. What galls is paying taxes for the family of 8 (and growing) living on welfare ( more kids == more money ) and working the system to indulge themselves in 'what they are owed'. It galls to see all those SUV's being driven down the roads we pay for, sucking down fuel a 7-8mpg, clogging up the major roads with 30 mile commutes hauling 1 person. It is galling to be unable to safely commute to work ( 11 miles each way ) by bicycle in an effort to be healthier ( less burden on your tax dollars ), greener (less fuel, less wear on tear on your roads ) and responsible because the entitled drivers cannot be expected to give a safe cushion of space in their rush to get where ever they are going.

 

It should be offensive to every tax payer to see these things, but all we see is how galling it is when someone richer than your are complains about paying an inequitable tax bill?

 

Bingo, we have a winner here. Call Cha Cha and submit this for best answer.

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When you are working W2 income, you never see that money, it is just a value on the paycheck you take, so your taxes are an ephemeral thing that you 'pay' but don't really pay because it never affects your bank balance, it all came out of your check before you got it. The taxing bodies know this psychology and have used it for ever.

 

It's no accident that April 15th is "tax day". It's as far as possible from election day. Everyone should pay their taxes manually so they understand just how much they're actually paying.

 

As RoverRick says, Dru_, you nailed it with that response.

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So, that said, yes, it hurts. Funny thing about taxes. If you really want to tax, do it based upon consumption, not income. Pay tax on what you buy. Guess what, the rich still bear the lion's share of the tax burden, but now the do so based upon what they spend. Phil spends more, he flies more often, he drives more expensive cars, he drinks more expensive wines, so the net result is the same, but the pain is changed. Now paying that tax is a willful choice. He still gets to pay for medicaid, welfare & food stamps, but now he does it when he buys his Rolls Royce, not when he just won a tournament.

The only problem with that is higher income earners who are typically business owners can write certain personal expenses off as business expenses, something that your average Joe cant do.

 

Finally, there is this lovely bit about roads and the military. I doubt he has much issue with paying taxes for those things, not many people do. What galls is paying taxes for the family of 8 (and growing) living on welfare ( more kids == more money ) and working the system to indulge themselves in 'what they are owed'. It galls to see all those SUV's being driven down the roads we pay for, sucking down fuel a 7-8mpg, clogging up the major roads with 30 mile commutes hauling 1 person. It is galling to be unable to safely commute to work ( 11 miles each way ) by bicycle in an effort to be healthier ( less burden on your tax dollars ), greener (less fuel, less wear on tear on your roads ) and responsible because the entitled drivers cannot be expected to give a safe cushion of space in their rush to get where ever they are going.

Im not even going to touch that rant, especially the part about welfare. ;) About the SUVs, if you want to be the one to tell people that they shouldnt drive an SUV, well, good luck! LOL

It should be offensive to every tax payer to see these things, but all we see is how galling it is when someone richer than your are complains about paying an inequitable tax bill?

For me, it all comes down to someone who has more than enough to get buy whining that he has to pay, when you have so many people out there who work just as hard, if not even harder, who are just struggling to scrape out an existence. Those who can give more, should give more but, sadly, right now we are at a point in our country's history where many people think only about themselves and amassing their own wealth, while trying to nitpick every last penny that our government spends. There was a time when we were all in it together but nowdays its just me, me, me.

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I'd rather not pay tax, really I'd much rather not, but I don't get much of a choice. In the UK we have PAYE (pay as you earn) and that system automatically removes your tax every month. It makes it simple, but unless your self employed or a high earner you won't be getting the benefits of any work arounds on tax.

 

As for Phil, well paying tax is a balls ache - don't mind people saying so, its not like he said he'd squirrelled it away in the Cayman Islands! Glad he paid some to the uk government - they employ me after all, feels like Phils paid my wages!

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