By Robert W. Wood, Contributor
Phil Mickelson’s come-from-behind win in the 142nd British Open Championship at Muirfield Golf Links in Scotland was decisive. The prize money of £945,000 ($1.43M) is nice, but the big money will be in Mr. Mickelson’s brand extension. See Mickelson’s Brilliant British Open Win Will Pay Off Away From Links. And as long as Mickelson remains a California resident, the state will get a piece of it all. …read more
Source: FULL ARTICLE at Forbes Latest
Phil Mickelson at 2007 Barclays Singapore Open (Photo credit: Wikipedia)The golf channel calls itself the fastest growing network on Television. I hope they pay royalties to Phil Mickelson because he gives them a poster child for the sport – a nice scandal-free family man who dedicates himself to improving not only his game but the club technology of the game (Callaway), who gives America inspiration from coming back from adversity of losing (US Open implosion – again) to being better than everyone in the world at the British Open. He inspires too those who believe in themselves despite being second too many times. He has continued to take risks in his profession and did it his way. “I didn’t want to be influenced by other people’s shots”. Many of us can draw hope from that. He too is a student of the game, as is every champion no matter the sport. He said there are “three different options on every shot depending on the wind”, and many other factors that swirl in his head of which we cannot yet comprehend. Whatever we do for a living, we can only hope to continue to grow better at it, as has Mr. Phil. …read more
Source: FULL ARTICLE at Forbes Latest
By Robert W. Wood, Contributor Phil Mickelson probably wishes he hadn’t mentioned his high federal and state taxes. See Golfer Phil Mickelson Is Not Alone In Fleeing Taxes. When a high income earner mentions high tax burdens, it’s likely to rub someone the wrong way and come off like sour grapes, no matter how deftly he says it.
Source: FULL ARTICLE at Forbes Latest
By Peter J Reilly, Contributor Phil Mickelson has created a storm of controversy by his comment that he was considering making drastic changes because of the onerous tax rate that he is now subject to. Then he apologized creating more controversy. I think it was a stupid remark, but not for the reasons that other bloggers are citing. I think the remark may have put a dent in a solid tax plan. I’m thinking domicile. If you are preparing to change your domicile, going very public on your annoyance with tax rates is a very bad idea.
Source: FULL ARTICLE at Forbes Latest
By Robert W. Wood, Contributor Phil Mickelson has mentioned making “drastic changes” because of recent tax increases, including California’s huge new–not to mention retroactive–taxes on the wealthy. He even suggested that taxes were one of the reasons he withdrew from the investment group buying San Diego’s Padres. “There are going to be some drastic changes for me because I happen to be in that zone that has been targeted both federally and by the state and, you know, it doesn’t work for me right now,” Mickelson said after his T37 finish at the Humana Challenge in Palm Spring, Calif.
Source: FULL ARTICLE at Forbes Latest
