OutFront live Mon. – Fri. 7p ET

Two Ukrainian jets were shot down in the eastern part of the country, where pro-Russian rebels are fighting government forces, a Ukrainian military office said. Erin Burnett has more tonight.
January 22nd, 2013
09:07 PM ET

Phil Mickelson's tax problem, apologizes for comments

Phil Mickelson, the professional golfer apologized Tuesday for publicly saying he was going to make "drastic changes" in his life due to new U.S. and California tax laws.

On Sunday, the 42 year-old champion golfer - who Forbes estimates is the seventh-highest paid athlete in 2012 with earnings of $47.8 million - said he is reevaluating his situation.

"If you add up all the federal and you look at the disability and the unemployment and the social security and the state, my tax rate is 62-63%," Mickelson said.

When asked if he would leave the U.S., the longtime California resident said he was not sure, but faced with losing two-thirds of his income to taxes, can you blame him?

OutFront tonight: Roland Martin is a CNN contributor and so is Reihan Salam who also writes for the National Review.


Filed under: Economy • Sports
soundoff (No Responses)

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.