Phil Mickelson is considering it. Last year Mickelson had a pretty good year: $3.7 million in earnings and – get ready – $57 million in endorsements, for a total income (mostly taxable) of $60.8 million.  With the one-two punch of Obama and Brown (California’s hapless governor), Mickelson has done the math:

If you add up all the federal and you look at the disability and the  and the Social Security and the state, my tax rate’s 62, 63  percent. So I’ve got to make some decisions on what I’m going  to do.

He’s saved his money. His net worth is estimated to be more than $150 million, and even considered buying a piece of the San Diego Padres, partly for the tax benefits.

He is slated to play in the Farmers Open tomorrow in San Diego, and has promised an announcement about his plans which could include moving out of California and retiring from the game altogether.

He’s not the only one. France’s famous – some say infamous – actor, Gerard Depardieu, moved to Russia to escape France’s high rates. From an article in the Journal the temptation of a 13% flat tax there was just too much for Depardieu whose high-profile exit is making waves, and causing the French government some anxiety. After all, they planned to receive additional revenues because of the higher taxes. It doesn’t matter that the real world of Depardieu and Mickelson doesn’t work that way. As the WSJ article pointed out, some 600 to 700 high-income earners are leaving every year.

I wonder where Mickelson might move? Several options come to mind. Texas, for one, and Florida for another. Neither have a state income tax, and the U-Haul index shows people leaving California for these favored locales at an increasing rate. But I also wonder this: where do high-income earners move if every place has high tax rates on the wealthy? My guess is there is enough left in the world where common sense, and low tax rates, still rule to provide Mickelson plenty of options.







Opt In Image
Soak Up More Light from the Right
with a free copy of Bob's most popular eBook!

Sign up to to receive Bob's explosive articles in your inbox every week, and as a thank you we'll send a copy of his most popular eBook - completely free of charge!

How can you help stop the Democrat's latest gun grab? How is the deceiving America today? What is the latest Obama administration scandal coverup? Sign up for the Light from the Right email newsletter and help stop the progressives' takeover of America!