(NEW YORK) — Phil Mickelson, estimated by Forbes to be the highest-paid golfer after Tiger Woods, on Sunday said ominously that he would have to make “drastic changes” in light of the fact that the State of California had recently jacked up his taxes, and because he was in the “zone” of rich folk being “targeted both federally and by the state.”
Mickelson is not the first high-profile American to consider taking drastic action in response to higher taxes.
Eduardo Saverin, one of Facebook’s co-founders, last year renounced his U.S. citizenship. So did socialite Denis Rich. Enough like-minded rich people are apparently flirting with the idea that the Wall Street Journal ran a headline asking “Should You Renounce Your U.S. Citizenship?”
Mickelson’s remarks, which weren’t specific about what he might do, earned him approving cheers (for having had the bravery to protest higher taxes) and also derisive hoots (for being a whining rich guy who gets paid a fortune for playing golf).
In response, Michelson issued a statement Monday that said in part: “I apologize to those I have upset or insulted and assure you I intend to not let it happen again.” One’s finances and taxes, he said in the same statement, “are a personal matter, and I should not have made my opinions on them public.”
California’s highest tax rate until recently was 10.3 percent, second only to Hawaii’s 11 percent. But in November, voters approved a measure (Proposition 30), urged on by Gov. Jerry Brown, that increased California’s rate to 13.3 percent on persons earning $1 million or more.
That would include Mickelson.
Last year, Forbes magazine ranked Mickelson the seventh highest-paid athlete in the world, earning $47.8 million. He has 40 PGA Tour victories to his credit and last year was inducted into the World Golf Hall of Fame.
His Sunday gripes were made in La Quinta, Calif., after he had finished mid-pack in the Humana Challenge. Politics, he told interviewers, were causing him to re-evaluate his future.
“I’m not going to jump the gun and do it right away,” the New York Times quoted him as having said. “But there are going to have to be some drastic changes for me because I happen to be in that zone that has been targeted both federally and by the state. And, you know, it doesn’t work for me right now. So I’m going to have to make some changes. If you add up all the federal [taxes] and you look at the disability and the unemployment and the Social Security and state, my tax rate is 62, 63 percent. So, I’ve got to make some decisions on what to do.”
Tiger Woods, commenting on Mickelson’s complaints, was quoted by Bloomberg News saying, “I moved out of here [California] in ’96 for that same reason. I understand what he was, I think, trying to say.”
Copyright 2013 ABC News radio
Tana Bolinger, FamilyShare
Lois M. Collins, Deseret News