A Taxing Time for Phil

Phil Mickelson's remarks about the tax rate in California have been considered "debatable" and Phil backed off this week, announcing he possibly should not have said some thing. Tiger turned into asked approximately it in his presser Tuesday and without a doubt stated he thought he knew what Phil supposed and that is why he moved to Florida whilst he became seasoned lower back in 1996.

Perhaps California collects so much tax so as to pay for the ones "Come to California" advertisements. After all, movie stars call for large pay. (Apparently because of the ones California tax charges.)

I did a touch looking and discovered some articles on Phil's problem. First, in case you want to understand exactly what Phil said that started the entirety, you could examine the transcript at this asapsports.Com link.

Then, at forbes.Com, I discovered a few exciting information approximately the problem:

• They ran an article that tells a little about the problem Phil and other high-paid people face by being California residents.
• But I also found this article that tells how hard California makes it to leave the state. Apparently it's tough to prove you really aren't a Californian anymore!

The word is that Phil pays in the neighborhood of a 62% tax rate. It sounds as if California isn't careful, cool commercials won't be enough to attract new residents.

I suspect Phil can discover a pleasant location in Florida though... And they don't have any nation income tax.

FYI: For those of you who are curious, there are 7 states with no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. In addition, Tennessee and New Hampshire tax only dividend and interest income. These states do have other taxes (such as higher sales taxes) but they still aren't as high overall as most other states. That information came from this page at about.com.

And the picture of Phil got here from the primary forbes.Com article I referred to.