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Neal Barton's POV

What's the point?

MGN-Online
POV

POSTED: Thursday, July 25, 2013 - 5:32pm

UPDATED: Saturday, July 27, 2013 - 9:42am

Many time on this forum we have discussed how high taxes are and when taxes get high enough they choke the economy.

Smart people are not going to always have their taxes raised to pay for more people.

I read, Wednesday, for every two people getting government assistance there is a hard working person busting his or her hump to pay for it.

I read today where a California TV station reported where golfer Phil Mickelson won both The Open Championship and the Scottish Open.

He pocketed more than $2.16-million in just two weeks.

The world's top golfer, who came under fire earlier this year when he complained about his supposed 60 percent tax rate as a California resident, is taking another hit on his recent earnings.

According to Forbes, Mickelson has been subjected to the United Kingdom's 45 percent tax rate for those who make more than £150,000 a year. In addition, the magazine reports, he will be taxed on a portion of the endorsement income he earned during his time in Scotland.

While Mickelson can take a foreign tax credit to avoid being taxed again by the U.S. government, he still has to pay self-employment taxes, the new Medicare surtax, and hand over 13.3 percent of his wages to the state of California, which does not have a foreign tax credit, Forbes reported.

Forbes estimates he will take home $842,700, which, of course, does not include any of his tax-deductible travel expenses and the additional 10 percent he owes to his caddy.

Congratulations, Phil, but, I'm beginning to think, what's the point of working that hard to be that darn good.

That's my point of view, what's yours?

You can e-mail me at pov@ketknbc.com or Facebook me at KETK Neal Barton.

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When Snowden broke the story about our government spying on every citizen many said they hated the fact that this would blow-over without any change in gov.; this is how it goes away, with media controlling the conversation. This week there was a vote in the US House to limit the NSA, but it did not pass, like all votes that define a fascist police state from a free democracy it was narrowly defeated, Jeb Henserling being one in support of intrusive gov. , bet he and Louie are laughing at us now

Phil doesn't have a chain around his neck. He can get a passport and move to whatever country he wants to, any time he wants. Meanwhile Romney, Warren Buffet, George Soros, and Bill Gates are living on dividend income and paying a 15% tax. That's the problem an honest hard working business owner is paying 13% in SS taxes alone + a 10- 20% income tax depending on the tax bracket. But the real news is Snowden, Zimmerman, the royal baby, Weiner. Just keep drinking the cool aid it'll be all right.

Yea and meanwhile.....Huma Abedin, wife of disgraced former congressman Anthony Weiner and former deputy chief of staff to Secretary of State Hillary Clinton, had 'special government employee status' that enabled her to rake in $135,000 from taxpayers and another $355,000 from a company with former President Bill Clinton as a board member.

Love those Democrats! Tax tax tax... YOU but spend spend spend on THEM.

According to Forbes, Phil received 57 millon dollars in endorsements for 2012. I also know of an organic chicken farmer who makes more money from the manure than the meat and eggs. I have no sympathy for Phil.

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