Tag Archives: inauguration

Give me a break. It’s not all about you moron.

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.