Tee'd Off Over TAxes

[red states rule]

Golfer Phil Micholson is PO'd over his ever increasing amount in taxes he has to pay. Now if a majority of CA residents would come to their senses and come to the same conclusion




Phil Mickelson (http://msn.foxsports.com/golf/player/phil-mickelson/2249) gave a civics lesson after his play Sunday in the final round of the Humana Challenge. The lecture: I’m not going to pay more in taxes than I can take home to my wife and kids.

As a longtime California resident, Mickelson vented after shooting a final-round 66 for a 17-under 271 total and tie for 37th in his 2013 debut. Last fall, Californians approved Proposition 30, which boosts the state income tax to 13.3 percent on earnings of $1 million or more. That’s a 29.1 percent increase from the previous “millionaires tax” in a state with tremendous fiscal issues.

Compound that increased liability with the recent changes to the federal tax code, which bumps the top bracket to 39.6 percent from 35 percent to avoid going over the so-called fiscal cliff, and Mickelson’s tax hit is substantial.


“Well, it’s been an interesting off-season, and I’m going to have to make some drastic changes,” said Mickelson, who lives with his wife and three children in Rancho Santa Fe, near San Diego. “And I’m not going to jump the gun and do it right away, but I will be making some drastic changes.”
When asked whether the “drastic changes” meant moving from California to another state or perhaps even country, Mickelson would say only that he was not sure.


http://msn.foxsports.com/golf/story/phil-mickelson-plans-drastic-changes-due-to-tax-situation-012013

[Tyr-Ziu Saxnot]

Golfer Phil Micholson is PO'd over his ever increasing amount in taxes he has to pay. Now if a majority of CA residents would come to their senses and come to the same conclusion

Running from INSANELY HIGH TAXES should be made into a new TV reality show..-:laugh:

[red states rule]

Running from INSANELY HIGH TAXES should be made into a new TV reality show..-:laugh:

Then the libs can nail them with an Exit Tax on the way out
One of the most fascinating characteristics of government borrowing - whether at the local, state, or federal level - is that debts contracted over time are obligations tied to specific geographical boundaries but not to the citizens living there when those debts were incurred. For example, while it's customary to say that each of the 210,000 residents of Stockton, California, are on the hook for their share of the bankrupt municipality's estimated $700 million in unpaid bills, the day one of them picks up and moves, personal responsibility for that debt drops to zero.
Imagine if that type of tax "evasion" were eliminated. How would it change America?
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Government debts are accrued on your behalf by elected officials for whom you had a chance to vote, all supposedly representing your interests. In a democracy, all citizens are obliged to pay the government's bills as determined by the duly empowered taxing authorities - regardless of whether they voted for a particular officeholder or not. What's to stop legislators from passing laws that make debt obligations due and payable by any citizen who decides to leave for another jurisdiction? After all, they don't hesitate to take your money when you die.
Mayors and governors of most tax-and-spend, heavily unionized, low-growth cities and states are both desperate for revenue and tired of watching disgruntled citizens vote with their feet. Think how politically attractive it would be for them to make "economic deserters" pay their "fair share" of old debts. I can see the arguments already: "You can't move away from credit card debt or commercial debt, so why should government debt be so easy to dodge?" Politicians could easily win kudos from both public employee unions and the overtaxed residents left behind, for the mere cost of enraging emigrants who won't be around to exact retribution at the next election.
And can't you just see the progressive commentariat lining up behind a movement designed to deter well-heeled blue state residents from seeking refuge in those despicable red hinterlands? Like Glenn Close rising from the bathtub to take one more stab in Fatal Attraction, don't be surprised when death-spiral states (http://www.forbes.com/sites/baldwin/2012/11/25/do-you-live-in-a-death-spiral-state/) resort to exit taxes as a last ditch effort to forestall their impending bankruptcies. http://www.realclearmarkets.com/articles/2012/12/17/when_will_death_spiral_states_impose_taxes_on_flee ing_citizens_100047.html

[tailfins]

Running from INSANELY HIGH TAXES should be made into a new TV reality show..-:laugh:

We could feature you and call it "Here Comes Honey Tyr Tyr".

[red states rule]

We could feature you and call it "Here Comes Honey Tyr Tyr".

Or for the libs a show could be made called "Taxpayers - The Ultimate Renewable Money Source"

[red states rule]

and the exodus continues. Soon CA will be short of cash and the idiots who vote for Dems election after election; will probably vote for MORE tax increases
From small businessmen in San Diego to vintners in Napa Valley, top-earning Californians reeling from a new state income tax are preparing to pack up and bail out.
Top-ranked golfer Phil Mickelson ignited a firestorm this week by suggesting that the state's tax landscape might force him to make tough decisions, such as moving elsewhere. Mickelson later backtracked, saying he shouldn't have spoken so openly about his personal situation, but others in the Golden State are still speaking out.
"If you have excessive regulations and excessive tax, that's just not where you want to be," said Peter Farrell, president of ResMed a medical-device maker in San Diego that employs 600 workers and is considering moving its offices out of state. "California is unfriendly. It's become an unfriendly business environment."
One possibility is Texas, where the personal income-tax rate is zero, compared to 13.3 percent for top California earners.
Another San Diego-based company, Fallbrook Technologies, a maker of variable speed transmissions, recently announced it is leaving for Texas.
Nevada tax accountant George Ashley said he's received more than 100 inquiries from higher-earning Californians about the possible tax advantages and feasibility of relocating to a state with lower taxes.
"We have had a 10-fold increase from various parts of California, particularly Los Angeles and the Bay Area where many people are seeking a way to leave the state," said Ashley, who lives just over the California state line in Lake Tahoe, Nev.. "They are fed up with the situation and they feel like they are being unfairly treated."
The proposed exodus is the result of Proposition 30, a tax-increase proposal by Democratic Gov. Jerry Brown that residents voted into law in November


Read more: http://www.foxnews.com/politics/2013/01/23/california-residents-businesses-consider-bailing-on-golden-state-over-taxes/#ixzz2JEk6mqIP

[Tyr-Ziu Saxnot]

We could feature you and call it "Here Comes Honey Tyr Tyr".

If paid quite handsomely I'd do it and smile the entire time.:laugh:-Tyr

[cadet]

If paid quite handsomely I'd do it and smile the entire time.:laugh:-Tyr

And it would have no female viewers :rolleyes:

[Tyr-Ziu Saxnot]

And it would have no female viewers :rolleyes:

Wouldn't bother me if the money was right..-Tyr

[red states rule]

It is not obscene what some people make via their hard work and skill. What is obscene is how much the local, state, and federal government take away from these people as a punishment for being successful

[logroller]

If paid quite handsomely I'd do it and smile the entire time.:laugh:-Tyr
Wouldn't the tax implications wipe the smile away?

[red states rule]

One would believe CA would learn that raising taxes does not mean more revenue when you are chasing revenue out of the state
In 2011, 254 California companies moved some or all of their work and jobs out of state, 26% more than in 2010, according to Irvine business consultant Joe Vranich who has been tracking these departures since 2009.<!--googleoff: all-->
<!--googleon: all--> Twenty-eight of these companies were in Orange County. Seven of them moved or expanded to Texas, three to Mexico, two to Washington and one each to 16 other states, said Vranich, who has changed the name of his business from The Relocation Coach to Spectrum Location Solutions, (http://www.spectrumlocationsolutions.com/)which helps companies define their goals, find new locations and coordinate the move.
The pace is accelerating, Vranich said. An average of 4.9 businesses left California each week of 2011, compared to 3.9 per week (202 total) in 2010 and one a week (51 total) in 2009.<!--googleoff: all-->
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In what he calls "disinvestment events," Vranich counts companies that move jobs, facilities or headquarters out of California and "in carefully selected instances, companies making major capital investments in plants elsewhere that in the past would have been built in California," Vranich said.<!--googleoff: all-->
<!--googleon: all-->
He doesn't count companies that invest outside the state for growth or marketing reasons.<!--googleoff: all-->
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In this latest report, Vranich does not include a list of departing companies by name.<!--googleoff: all-->
<!--googleon: all-->
"Hassles arise when it becomes known that a company is going to move and politicians call to try to persuade them to change their mind. That includes calls from Gov. Brown's office," Vranich said. "In effect, I've added fuel to a fire that had started to simmer down. I don't want to make life more difficult for other people in business so I'm no longer naming the companies."<!--googleoff: all-->
<!--googleon: all-->
But based on news reports, here is a sampling of companies that moved partly or completely out of California in 2011:<!--googleoff: all-->
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Some are well known: Dunn-Edwards Paints in Vernon; and eBay Inc. in San Jose which will add 1,000 high-paying jobs in Austin, Texas, after receiving government incentives to locate there. The new owner of Claim Jumper and Bubba Gump Shrimp Co. restaurants moved the headquarters for both chains to Houston. Hyundai Capital America in Irvine transferred 71 jobs to Georgia and Texas. http://www.ocregister.com/articles/moved-342887-companies-texas.html