This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Phil Mickelson Regrets Airing Opinion On Taxes

"Right now, I'm like many Americans who are trying to understand the new tax laws. I've been learning a lot over the last few months and talking with people who are trying to help me make intelligent and informed decisions. I certainly don't have a definitive plan at this time, but like everyone else I want to make decisions that are best for my future and my family."

The response to Mickelson's opinions on taxes ranged from mocking a guy who has become a multi-millionaire by playing golf for a living to support for having such a high tax rate and not being afraid to speak his mind. A majority of PGA Tour players live in Florida and others in Texas, two states that have no state income tax.

Tiger Woods grew up in Southern California and moved to Florida when he turned pro in 1996.

"I moved out of here back in '96 for that reason," Woods said.

"I enjoy Florida, but also I understand what he was â¿¿ I think â¿¿ trying to say," Woods said of the Mickelson comments. "I think he'll probably explain it better and in a little more detail."

Mickelson is still scheduled to have his pre-tournament news conference Wednesday.

Texas Gov. Rick Perry even weighed in with this tweet: "Hey Phil....Texas is home to liberty and low taxes...we would love to have you as well!!"

Players at the Farmers Insurance Open privately questioned what Mickelson had to gain by complaining about his taxes.

Mickelson has earned just under $70 million in PGA Tour earnings for his career, which doesn't include corporate endorsements or his golf course design company, which is thriving in China. Forbes magazine reported Mickelson earned over $40 million in endorsements last year, trailing only Tiger Woods among golfers.

Mickelson was raised in San Diego and, after playing golf at Arizona State, settled in the Phoenix area when he started his career before moving back home, about 20 miles north in Rancho Santa Fe.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,671.22 +74.87 0.43%
S&P 500 2,065.27 +7.63 0.37%
NASDAQ 4,985.8480 +27.38 0.55%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs