01-21-2013, 06:02 PM
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#41
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Heisman Winner
Join Date: Apr 2007
Posts: 5,594
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Quote:
Originally Posted by ArtDeco
LOL at the lack of perspective on display in this thread.
The last time people like you and your ilk told someone to "do their whining in another country", they did exactly that, but you and your Yankee mongrels proceeded to unleash the dogs of war upon them, burn their cities, rape their women, and turn the Southern sharecroppers into the very slaves you said you were against. And now you dare to tell us to "go ahead and do it" again?
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What a bizarre post.
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01-21-2013, 06:17 PM
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#42
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Heisman Winner
Join Date: Jun 2009
Posts: 5,207
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Quote:
Originally Posted by gator996
Obviously not that competent if they are advising that they can't get him below 60% taxes... 
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I do not think you understand the difference between a marginal tax rate an an effective tax rates...
Quote:
I don't believe the 60% number and even if it is true I know people who earn a lot more and they aren't paying 60%....
This reeks of BS....
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Let's examine it, shall we?
Phil's marginal federal tax rate is now 39.6%. California' top marginal tax is now 13.3% Those two things alone put Phil at 50%. In fact, it come to 52.9%
http://www.oc-breeze.com/2012/12/27/...inal-tax-rate/
Now, maybe Phil is also counting the sales tax rate in California, which in some counties can be over 9%. That gets him to about what he claimed.
Math is hard.
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01-21-2013, 06:18 PM
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#43
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Heisman Winner
Join Date: Jun 2009
Posts: 5,207
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Quote:
Originally Posted by dangolegators
What love it or leave it attitude? I just want them to leave it. Conservative folks who are threatening to 'go Galt' should nut up and do it. Unfortunately, like I said, it's just spoiled prima donnas whining.
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My goodness. Spoiled prima donnas, indeed.
We are about to run into some real bad luck here pretty soon.
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01-21-2013, 06:21 PM
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#44
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Junior
Join Date: Sep 2008
Posts: 482
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Quote:
Originally Posted by ArtVandelay
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So wait someone trying to be smart with their money makes them a pu$$y???? It's his hard earned money. I say good for him!!!
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01-21-2013, 06:22 PM
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#45
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I'm your huckleberry
Join Date: Apr 2007
Location: In my prime
Posts: 10,880
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Class consciousness is one of the great divides between left and right. That's why it's like the other side is speaking a foreign language.
__________________
Credat Judaeus Apella, non ego.
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01-21-2013, 06:23 PM
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#46
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Premium Member
Join Date: Apr 2007
Posts: 1,121
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Quote:
Originally Posted by wgbgator
If he's in the top 1%, federal tax-wise it probably amounts to 6-9% reduction in post tax money. Can't imagine state rates would alter that all that much further.
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Calif just went through increases on taxes of the 1%.Income taxes are 63 % of Calif state revenues.
I'd move in a minute
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01-21-2013, 06:24 PM
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#47
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Join Date: Apr 2007
Posts: 6,692
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Quote:
Originally Posted by MichaelJoeWilliamson
I do not think you understand the difference between a marginal tax rate an an effective tax rates...
Let's examine it, shall we.
Phil's marginal federal tax rate is now 39.6%. California' top marginal tax is now 13.3% Those two thins alone put Phil at 50%. 52.9%
http://www.oc-breeze.com/2012/12/27/...inal-tax-rate/
Now, maybe Phil is also counting the sales tax rate in California, which in some counties can be over 9%. That gets him to about what he claimed.
Math is hard.
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Sales tax? Really? At this rate, I could probably find more than 100% in taxes.
As another Californian that suffers through the above 50% marginal rates burden (plus SF city taxes), it's pretty annoying, but it's a typical business "good problem to have".
Threatening the society that taxes you with the bluff of your early wealthy retirement is sort of the height of self indulgence. Oh no, Phil....please don't quit earning $50M a year on us, whatever will we do.
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01-21-2013, 06:25 PM
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#48
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Premium Member
Join Date: Jun 2007
Location: The Irish Riviera
Posts: 23,968
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Quote:
Originally Posted by MichaelJoeWilliamson
I do not think you understand the difference between a marginal tax rate an an effective tax rates...
Let's examine it, shall we?
Phil's marginal federal tax rate is now 39.6%. California' top marginal tax is now 13.3% Those two things alone put Phil at 50%. In fact, it come to 52.9%
http://www.oc-breeze.com/2012/12/27/...inal-tax-rate/
Now, maybe Phil is also counting the sales tax rate in California, which in some counties can be over 9%. That gets him to about what he claimed.
Math is hard.
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Math and 996 are not exactly friends
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01-21-2013, 06:36 PM
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#49
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Gator Country Silver
Join Date: Sep 2007
Posts: 10,493
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The left bashes the producers in this country, but when the producers threaten to stop the left bashes them. What happened to a free country? The truth is the left needs their slaves. They know if they all retired/left they'd have nobody to pay for their goodies.
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01-21-2013, 06:41 PM
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#50
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Heisman Candidate
Join Date: May 2010
Posts: 3,357
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Quote:
Originally Posted by MichaelJoeWilliamson
I do not think you understand the difference between a marginal tax rate an an effective tax rates...
Let's examine it, shall we?
Phil's marginal federal tax rate is now 39.6%. California' top marginal tax is now 13.3% Those two things alone put Phil at 50%. In fact, it come to 52.9%
http://www.oc-breeze.com/2012/12/27/...inal-tax-rate/
Now, maybe Phil is also counting the sales tax rate in California, which in some counties can be over 9%. That gets him to about what he claimed.
Math is hard.
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Obviously, since you aren't doing it right. In order to get 9% more, he would have to spend his entire gross every year before paying taxes, which is obviously impossible. If he spent his entire post tax income, assuming 52% is correct, that only gets him to 56.5%.
His math is wrong and besides, his accountant makes sure he doesn't pay anything near that much.
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01-21-2013, 06:52 PM
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#51
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Join Date: Apr 2007
Posts: 6,692
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Quote:
Originally Posted by Matthanuf06
The left bashes the producers in this country, but when the producers threaten to stop the left bashes them. What happened to a free country? The truth is the left needs their slaves. They know if they all retired/left they'd have nobody to pay for their goodies.
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Except, of course, when they ARE the producers, then they are bashed as elitist hypocrites by you and others. When Matt Damon or Alec Baldwin talk politics, the right goes into its typical and predictable frenzied hysterics, tells them to shut up and stop thinking anyone cares about their political opinion. When Buffett or Gates say they pay too little in taxes, the apopleptic right tells them to give it away to the government and stop whining.
Now, we get a little anti-tax tirade from a wildly successful golfer (of all things) and we aren't allowed to tell them to pipe down or just retire or move already?
And what do you mean "what happened to a free country"? I hope you are aware of the sheer nonsensicality of that statement, lest someone suggested that Phil not be legally allowed to complain and I missed it.
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01-21-2013, 07:09 PM
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#52
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Premium Member
Join Date: Apr 2007
Posts: 8,271
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Cadies get 10-15% of earnings, PGA Tour Royalty fee of 7%, Some coaches take a % from 2-4%, Then his agent gets a cut from 2-5%. If you put all these in the mix add it to his Federal and state taxes I think he easily gets to 63%. All you rich haters owe Mickelson an apology, if nothing else for your stupidity.
I know this because I live in the same neighborhood with many PGA Pros.
BTW Did any of you so called gator fans realize the UF Athletic Hall of Famer Brian Gay(NC '93 at UF) won on the PGA tour yesterday at Hummana Challenge in Az.
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01-21-2013, 07:41 PM
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#53
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VIP Member
Join Date: Aug 2009
Location: Ocala
Posts: 9,120
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While Phil will most likely end up in Arizona we would welcome here in Florida...
That said the envy is SAD!
__________________
"It's easier to convince a person that a government should be doing something for them it currently isn't than to convince a person that government shouldn't be doing something for them it currently is."
Allen West
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01-21-2013, 07:56 PM
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#54
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Heisman Finalist
Join Date: Jan 2010
Location: Inside your head.
Posts: 3,912
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Quote:
Originally Posted by ArtDeco
LOL at the lack of perspective on display in this thread.
The last time people like you and your ilk told someone to "do their whining in another country", they did exactly that, but you and your Yankee mongrels proceeded to unleash the dogs of war upon them, burn their cities, rape their women, and turn the Southern sharecroppers into the very slaves you said you were against. And now you dare to tell us to "go ahead and do it" again?
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Heah heah suh!
__________________
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01-21-2013, 10:32 PM
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#55
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Heisman Winner
Join Date: Jun 2009
Posts: 5,207
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Quote:
Originally Posted by corpgator
Obviously, since you aren't doing it right. In order to get 9% more, he would have to spend his entire gross every year before paying taxes, which is obviously impossible. If he spent his entire post tax income, assuming 52% is correct, that only gets him to 56.5%.
His math is wrong and besides, his accountant makes sure he doesn't pay anything near that much.
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That is a fair point. I was just pointing out that even without things like sales tax, property tax and the like, Phil is already well over 50% with just income tax. Hell, I overlooked his self employment tax, which is right at 15% up to over $100k in earnings. It is not a stretch that considering the rest of those might raise his marginal rate to over 60%.
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01-21-2013, 10:54 PM
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#56
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Moderator
Join Date: Apr 2007
Posts: 10,569
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So, between Phil Mickelson doing what the obvious and predictable parts of human nature say he should, and California's tax code ignoring the obvious and predictable part of human nature, it is Phil that is wrong.
I imagine Jerry Brown screaming in memetic fashion "LEFTY!!!!! Y U NO STAY N PAY?!?!?!"
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01-21-2013, 11:10 PM
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#57
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VIP Member
Join Date: Aug 2009
Location: Ocala
Posts: 9,120
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Quote:
Originally Posted by MichiGator2002
So, between Phil Mickelson doing what the obvious and predictable parts of human nature say he should, and California's tax code ignoring the obvious and predictable part of human nature, it is Phil that is wrong.
I imagine Jerry Brown screaming in memetic fashion "LEFTY!!!!! Y U NO STAY N PAY?!?!?!"
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__________________
"It's easier to convince a person that a government should be doing something for them it currently isn't than to convince a person that government shouldn't be doing something for them it currently is."
Allen West
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01-22-2013, 11:25 AM
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#58
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Heisman Candidate
Join Date: Dec 2011
Location: South Florida
Posts: 2,159
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Quote:
Originally Posted by ArtDeco
Tell you what, Mr. I'm-not-a-pussy-and-pay-my-share-so-should-you.
Post your last 1040 on here, and we'll see how much leeway you have to call out other people's tax payments. To make it fair, I'll post my last ESTIMATED QUARTERLY tax payment. Easy for you to criticize other people when I bet your "skin in the game" is negligible at best. It's not like he's complaining about paying $20 for Bull Gator seats. If anything, it's more akin to paying thousands for the Sunshine Seats while chaps like you pay nothing for Champions Club seats. If you don't have to cut five-digit checks to the IRS every 3 months, I don't really see how you have the right to tell someone who does that he needs to pay more.
Or you could reflect on your error and apologize for calling real taxpayers the p-word.
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I would gladly trade financial situations with him and i'll even chip in an extra 10% to the gov't... (even though I am sure he doesn't literally pay 60%) It not really any of our business, but I would love to see his tax returns showing that.
As usual, most people take what you say and change it to support their position.
I never said he was wrong to complain or to make changes to better his situation. I called him a pu$$y for talking about retiring because the taxes are too high and I stand by that.
Of course I am envious of him. He makes $40 million a year. I think most people would be envious of his financial position.
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01-22-2013, 11:37 AM
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#59
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VIP Member
Join Date: Aug 2009
Location: Ocala
Posts: 9,120
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Quote:
Originally Posted by ArtVandelay
I would gladly trade financial situations with him and i'll even chip in an extra 10% to the gov't... (even though I am sure he doesn't literally pay 60%) It not really any of our business, but I would love to see his tax returns showing that.
As usual, most people take what you say and change it to support their position.
I never said he was wrong to complain or to make changes to better his situation. I called him a pu$$y for talking about retiring because the taxes are too high and I stand by that.
Of course I am envious of him. He makes $40 million a year. I think most people would be envious of his financial position.
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And this is sadly a huge problem in this country...
__________________
"It's easier to convince a person that a government should be doing something for them it currently isn't than to convince a person that government shouldn't be doing something for them it currently is."
Allen West
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01-22-2013, 11:45 AM
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#60
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Heisman Candidate
Join Date: Dec 2011
Location: South Florida
Posts: 2,159
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Quote:
Originally Posted by QGator2414
And this is sadly a huge problem in this country...
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I'm envious of Kanye West for being with Kim Kardashian. Is that part of the problem too?
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