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>> DISABILITY Latest News

JAN 21, 2013 - Forbes

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Phil Mickelson, Stop Whining and Give Thanks for your Good Fortune

In Saturday's New York Times, pro golfer Phil Mickelson complained about his high marginal tax rates. “If you add up all the federal and you look at the disability and the unemployment and the Social Security and state, my tax rate is 62, 63 percent,” Mickelson said. “So I’ve got to make some decisions on what to do.” My first reaction is that Phil should talk to his accountant because his effective tax rate is surely lower than 60 percent.  The fiscal cliff deal raised his marginal income tax rate to 39.6% (assuming he's in the top bracket).  The phase-out of itemized deductions will add ... Read More

Tags: Phil Mickelson, Stop Whining and Give Thanks for your Good Fortune,  Disability Latest News