Today, Americans celebrate the inauguration of our 45th president and 224 years of continuity of government – 224 year of bloodless constitutional transitions.
But not all Americans are happy.
According to Forbes, golfer Phil Mickelson may give up his career because he may have to pay higher taxes.
For starters, courtesy of President Obama’s re-election and the subsequent fiscal cliff negotiations, Mickelson will experience an increase in his top tax rate on ordinary income from 35% to 39.6%, and an increase in his top rate on long-term capital gains and qualified dividends from 15% to 20%. Clearly, when faced with tax hikes of that magnitude, it stops making economic sense for Mickelson to continue to swing a metal stick up to 70 times a day in exchange for the $48 million he earns on an annual basis.
Let’s repeat that last sentence:
Clearly, when faced with tax hikes of that magnitude, it stops making economic sense for Mickelson to continue to swing a metal stick up to 70 times a day in exchange for the $48 million he earns on an annual basis.
Either that is tongue-in-cheek or this is the most spoiled brat in sports.
You can have wealth concentrated in the hands of a few, or democracy. But you cannot have both.
and what about all the money he gets for awking that over-priced arthritis drug every night on the evening news?
LikeLike
There is only one response:
LikeLike
Spongebob .. . perfect!
LikeLike
Is he the one who had the comment about the green jacket? I don’t keep up with sports, so I don’t quite remember but the name is familiar — or maybe that commercial is working 🙂
LikeLike
He didn’t like the green? My neice notes htat now that Augusta finally admitted a few girls, perhaps the color should change – hot pink would be niice.
LikeLike
He should go join Gerard Depardieu…
LikeLike
Pingback: Golfer Mickelson will pay his taxes and and NOT retire…. | Politicaldog101.Com
“Either that is tongue-in-cheek or this is the most spoiled brat in sports.”
Is there a name for the limit beyond which satire is no longer possible?
LikeLike
Kind of hard to beleive that someone actually thinks that way and considers it logical. And yeah, desertscope, some things are just so bizarre on their own they just can’t be satirized.
LikeLike
Money does strange things to people, and makes them say strange things. Just finished Goodwin’s Team of Rivals wherein she mentions Mary Todd Lincoln going off the deep end with Imelda-Marcos-style shopping binges (without her husband’s awareness – 300 pairs of suede gloves!). Warren Buffet, it is said, compulsively turns out lights in offices to save money. Mitt Romney’s $10,000 bet. Leona Helmsley. Gulp!
You do interesting posts, Moe, as in this one. Poor Phil. I almost missed it – been on vacation a week. Spent too much money. 🙄
LikeLike
Hey Jim, hope you had a good vacation – and delighted to hear you read Team of Rivals. A great story and so well told. I had so much fun reading it, I hated to finish it. Seen the Lincoln movie yet?
LikeLike
No, haven’t seen the movie yet, Moe, but am really looking forward to it on DVD. I amcurious to see if it includes as much as the book did about Kate Chase Sprague – what a story that was! – and assuming so, who will play her. Don’t spoil it for me – I want to be surprised. 🙂
LikeLike
Okay, no spoilers. We’ll ‘chat’ after you see it.
LikeLike
Now why did I say that? Failure to engage brain. It ain’t gonna spoil me for the movie – tell me. Tell me.
LikeLike
A late reply here Jim,, but you wanted to know . . . the delicious story of the Chases, father and daughter, wasn’t in the movie. Spielberg distilled the plot down to the drama around the 13th Amendment, but oh boy yoou’re going to love it!
LikeLike
Mollie and I both, can’t wait. Thanks.
LikeLike