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Phil Mickelson Talks About Tax Remarks

Phil Mickelson Talks About Tax Remarks

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Poll: Was Phil Mickelson wrong to speak out against high taxes?
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Mickelson said Wednesday he apologized for talking about his views about taxes publicly and using the golf tournament platform to discuss it. He said he and his wife have not made any plans yet and he now regrets publicly commenting that he may have to leave California over high taxes, saying he should not have spoken out on such a personal topic.

He said it was insensitive for people struggling paycheck to paycheck to discuss his tax problems publicly.

 

Mickelson, who lives in the San Diego suburb of Rancho Santa Fe, had told reporters on Sunday that he was planning some “drastic changes” because of federal and state tax increases that he says have increased his tax rate to what he figures adds up to “62, 63 percent.”

Mickelson, who is among the favorites at the Farmers Insurance Open at Torrey Pines, told reporters in La Quinta. "It's been an interesting off-season....and I'm going to have to make some drastic changes. I'm not going to jump the gun and do it right away, but I will be making some drastic changes."

California voters last November okayed Proposition 30 which raised the state sales tax and includes provisions that hit millionaires like Mickelson hard. For income exceeding $1 million, the state rate jumped to 13.3 percent from 10.3 percent. For Mickelson, who earned roughly $60 million in 2012, that would be a tax increase of more than $1.8 million.

Mickelson admitted that his decision not to become one of the new owners of the San Diego Padres was “absolutely” tied to the tax increases. Mickelson's net worth is conservatively reported at more than $150 million.

 

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