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View Diary: Oh Noes!!--Phil Mickelson (R-Golf) Might Retire, Citing (Incorrectly) Tax Hikes on Top 1%--Boo-hoo. (302 comments)

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  •  He might wait until the end of the school year (1+ / 0-)
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    nextstep

    My guess is that his children are in private school and he will be able to duplicate their education anywhere he chooses to live. His kids could come back to their home in California on holidays and during summer vacation. Phil has his own airplane so they could even come back on weekends to play with friends. I don't think he will sell his CA home. After the statement he made I would be surprised if he didn't move.

    "let's talk about that"

    by VClib on Mon Jan 21, 2013 at 03:55:09 PM PST

    [ Parent ]

    •  After tax income is 30% higher in no income tax st (1+ / 0-)
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      VClib

      If his net tax rate on income in CA is 57%, whatever income he can move out of CA to a no income tax state is 30% greater than what stays in CA.

      A significant incentive to move.

      The most important way to protect the environment is not to have more than one child.

      by nextstep on Mon Jan 21, 2013 at 04:36:55 PM PST

      [ Parent ]

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