Politics

[GoIrish41]

Translation: Phil Mickelson's labor (golf) pays very well if you excel in performance and it's how he feeds his family. And he should be taxed around 94% (his fair share) on his earnings so other people can have a "shot."

Would you say the same to Michael Floyd, Manti Te'o, Jimmy Clausen, Brady Quinn if their team were in CA but they purcahsed a home in another state that weren't so expensive and tax happy?

I don't even know what this means. He's claiming he is taxed at 63%, which fact checkers have claimed is false. They say he should be taxed at approximately 50 to 52% with minimal tax planning. Fifty percent of the $40 million or so that he made last year does not sound like much of a hardship to me, no matter where you live. He sounds a bit like a spoiled, whiney, country club brat IMO.

 

[Polish Leppy 22]

If I were a government official of CA, I'd be begging him to stay. California's state debt is the largest in the union, it's losing thousands of taxpayers every day who are moving out of state, and it doesn't seem that losing a multi millionaire and the supposed $20 million you claim will be taken from him will help the situation.

About those fact checkers: did they account for local, city, state, and federal taxes?

 

[BobD]

So what is the maximum percentage the federal government should be able to take in taxes from a citizen?

"Phil can afford it." Love it when liberals tell other people what to pay, how to live, and what they can afford. Like it's an honor and priviledge to live in CA.

Sure, he's loaded and his lifestyle probably won't change. But if you have the choice and have different financial plans for your income, it would be worth a look at moving to TX, AZ, etc.

New census numbers show thousands more are leaving CA for these same reasons than the ones who are moving into CA.

Do you read some of the crap you write before you post it?

Who TOLD Phil what to pay? How to live? What he can afford?

HE MADE THE DECISION TO LIVE WHERE HE LIVES. If he's dumb enough to put himself into something he wasn't prepared for, he should fix it. He shouldn't expect sympathy from others.

 

[GoIrish41]

If I were a government official of CA, I'd be begging him to stay. California's state debt is the largest in the union, it's losing thousands of taxpayers every day who are moving out of state, and it doesn't seem that losing a multi millionaire and the supposed $20 million you claim will be taken from him will help the situation.

About those fact checkers: did they account for local, city, state, and federal taxes?

California is projecting a surplus for the next fiscal year. Not sure where you are getting your information about people leaving in droves. After a long and deep downturn, California is now kicking a** economically.

 

[phgreek]

HE MADE THE DECISION TO LIVE WHERE HE LIVES. If he's dumb enough to put himself into something he wasn't prepared for, he should fix it. He shouldn't expect sympathy from others.

I can't think of a single example which would make that sentiment you level at Phil seem hypocritical...

 

[yankeehater]

I don't even know what this means. He's claiming he is taxed at 63%, which fact checkers have claimed is false. They say he should be taxed at approximately 50 to 52% with minimal tax planning. Fifty percent of the $40 million or so that he made last year does not sound like much of a hardship to me, no matter where you live. He sounds a bit like a spoiled, whiney, country club brat IMO.

Who are these "fact checkers?" All I know is the top level Federal income tax rate just went over 39% and the the current rate in CA for that level is 13.3%. You do the math. Then you throw in payroll (which just went up for all workers), Social Security and hence you get that number.

For those of you that do not think you are being over taxed. I just changed industries, but the industry I was in for over twenty years our products were taxed 4 Times by the time it was all said and done. Think about that the next time you are spending your hard earned dollars.

 

[yankeehater]

California is projecting a surplus for the next fiscal year. Not sure where you are getting your information about people leaving in droves. After a long and deep downturn, California is now kicking a** economically.

With 500 Billion in unfunded pensions on the books those statements by Jerry Brown are all political speak!

 

[Irish Houstonian]

There is a reason tiger has a home state of florida.

Yup -- Tiger left for the same reason

Tiger Woods admits he left California because of tax rates | Mail Online

 

[Irish Houstonian]

With 500 Billion in unfunded pensions on the books those statements by Jerry Brown are all political speak!

CA also has the 3rd highest unemployment rate of any state.

 

[yankeehater]

A lot of people have no idea how expensive homes are here in California or how much we pay in taxes, but Phil can afford it. Instead of complaining he should fire his financial advisor.

Maybe his financial advisor told him to leave the state.

 

[Polish Leppy 22]

California is projecting a surplus for the next fiscal year. Not sure where you are getting your information about people leaving in droves. After a long and deep downturn, California is now kicking a** economically.

I'll show my sources if you show yours, Ezra Klein.

From Huffington Post, 8/28: California has the highest debt among the 50 states at $617.6 billion in front of New York at $300.1 billion.


Manhattan Institute study: The report found that since 1990, the state has lost nearly 3.4 million residents through migration to other states, like Texas, Nevada, Arizona, Oregon, Washington, Colorado, Idaho, Utah, Georgia and South Carolina. The average number of residents leaving the state each year over the last decade is 225,000, the report found.

Many people are driven out of the state in search of work in states with lower unemployment rates, like Texas. The data also found high housing prices and high business taxes in the state to be factors.

 

[Polish Leppy 22]

*** Manhattan Institute study published in news article on Sept 24, 2012

 

[Polish Leppy 22]

Yup -- Tiger left for the same reason

Tiger Woods admits he left California because of tax rates | Mail Online

Many businesses are doing the same, and I don't blame them one bit

 

[Irish Houstonian]

A lot of states' "projections" got rosy this past month, because of the increase in asset sales at the end of the year due to the tax increases. According to the states, they think that rate of turnover will remain constant...

 

[IrishinSyria]

Yea...like people with money will stay and tolerate that when you can buy 5X the square footage and luxury in NV or Florida for the same money, and pay no state taxes to speak of. Trust me...when my kids are grown, UT is in the rear mirror...I can't imagine living in CA...

The general theme is...no one with money really experiences this crap for any length of time...surprised Lefty isn't claiming prize money offshore...needs to talk to the insiders at GE I guess...or that Chrysler operation that "isn't in China" to see how they do it...

That's the thing about capitalism... they are willing to pay that much to live in Cali. If they weren't, prices would be cheaper. A lot of the really nice things about California (protected coastlines, the education system that generates so much mental firepower) are paid for by those high taxes. So yea, for an elite few who have ultra-high earnings and a career that doesn't link them to one geographical region (i.e. pro golfer) it will make sense to move away from Cali. But for many more people, such as people involved in tech or any field demanding highly educated people, even with the high prices living in CA is an economic investment that pays off.

 

[phgreek]

That's the thing about capitalism... they are willing to pay that much to live in Cali. If they weren't, prices would be cheaper. A lot of the really nice things about California (protected coastlines, the education system that generates so much mental firepower) are paid for by those high taxes. So yea, for an elite few who have ultra-high earnings and a career that doesn't link them to one geographical region (i.e. pro golfer) it will make sense to move away from Cali. But for many more people, such as people involved in tech or any field demanding highly educated people, even with the high prices living in CA is an economic investment that pays off.

yea...certainly helps to have the ability to move. As of today, there seems to still be a supply of people willing to pay...so your point holds up. But I see CA companies split operations quite frequently...where they do R&D w/ minimal footprint in CA, and move manuf., sales, support, etc out of CA or completely out of the country. Seems like there always will be a strategic reason for doing that, even in the best of times in order to take advantage of pockets of underutilized skills....seems from here in UT, though, the trend is quickening, not slowing. I believe that may indicate more than just utilizing available/cheaper skills.

 

[Ndaccountant]

Envy withers at another's joy and hates excellence it cannot reach.

 

[Ndaccountant]

Donald Boudreaux and Mark Perry: The Myth of a Stagnant Middle Class - WSJ.com


thoughts?

 

[chicago51]

Donald Boudreaux and Mark Perry: The Myth of a Stagnant Middle Class - WSJ.com


thoughts?

The article gives all this info then states that when adjusting for inflation average income has remained about the same since 1964. It says that right in the article.

We have much different economy today as well in terms of the prices of gas certain food items. The economic circumstances of today have put a lot more pressure on the middle class.

It does nothing to deny gap between rich and poor. In particular the 1 percent and the rest of the nation.

 

[GoIrish41]

There is a reason tiger has a home state of florida.

was it because he liked the neighbor's daughter?

 

[chicago51]

Donald Boudreaux and Mark Perry: The Myth of a Stagnant Middle Class - WSJ.com


thoughts?

Are you David Koch?

 

[Buster Bluth]

I'm wondering what this place thinks about HSBC not being prosecuted for laundering billions of dollars in drug cartel money. Thoughts? It has, more than possibly any other story, made me lose faith in government. Maybe I'm overreacting.

 

[Rack Em]

I'm wondering what this place thinks about HSBC not being prosecuted for laundering billions of dollars in drug cartel money. Thoughts? It has, more than possibly any other story, made me lose faith in government. Maybe I'm overreacting.

You? Never.

 

[Bluto]

I'm wondering what this place thinks about HSBC not being prosecuted for laundering billions of dollars in drug cartel money. Thoughts? It has, more than possibly any other story, made me lose faith in government. Maybe I'm overreacting.

It clearly demonstrates who has real power in this country. Personally I find the whole situation with that lack of enforcement against white collar crime disgusting. It's particularly troubling considering the sentences that were handed out in the 80's and 90's for selling even a minuscule amount of crack cocaine. I also don't think it's a coincidence that Elliot Spitzer's trysts with hookers were brought to light and used to drive him out of office once he started to aggressively go after white collar criminals in the financial sector. Maybe a "war" on financial fraud, embezzlement and money laundering is in order? If Obama had done this his first term he wouldn't have had to even campaign to get re-elected. Maybe he'll sack up this time around.

 

[chicago51]

I'm wondering what this place thinks about HSBC not being prosecuted for laundering billions of dollars in drug cartel money. Thoughts? It has, more than possibly any other story, made me lose faith in government. Maybe I'm overreacting.

I'm mad at the government for not prosecuting nobody on wall street.

I'm mad at the government for not splitting up the banks Teddy R style in exchange for a bailout.

I'm mad at the USSC for ruining everything saying corporations are people and money is speech.

I'm mad at the Harry Reid for not reforming the filibuster.

I'm mad at the GOP trying t potentially rig the electoral college in 2016 by awarding votes by the gerrymandered districts in select blue states that are red at the state level.

We don't get know where complaining. If I don't like something I'm going to spread the word. The whole idea behind progressive ideas is that we can change things.

 

[chicago51]

I want the democrats to primary Harry Reid when his seat is up in 2016. He had no balls when it came to fixing filibusters.

We need to pass things like the American Jobs Act.

 

[enrico514]

I'm wondering what this place thinks about HSBC not being prosecuted for laundering billions of dollars in drug cartel money. Thoughts? It has, more than possibly any other story, made me lose faith in government. Maybe I'm overreacting.

The banksters are simply untouchables!

Transcript | The Untouchables | FRONTLINE | PBS


"When a government is dependent upon the bankers for money, they and not the leaders of the government control the situation, since the hand that gives is the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."- Napolean Bonaparte

 

[Downinthebend]

So government is susceptible to being corrupted by vast sums of money? Color me surprised. I don't see how anyone can look at that mess and ask for MORE government to run people's lives.

 

[BobD]

I wish I knew how to embed things.

http://m.youtube.com/#/watch?v=cpbbuaIA3Ds&desktop_uri=%2Fwatch%3Fv%3DcpbbuaIA3Ds

 

[Downinthebend]

I wish I knew how to embed things.

YouTube

<iframe width="560" height="315" src="http://www.youtube.com/embed/cpbbuaIA3Ds" frameborder="0" allowfullscreen></iframe>