How To Survive These TAXING Times


I want to apologize for being a bit lax in my posting and responding here lately. Got a business in the development stages that might just allow me to flip a double bird to Barry and his over taxation with screw you representation!

I will tip my hand a bit and let you know it has to do with security and public schools. I have been really busy securing funding and creating a business strategy. I forgot how damn good I am at this stuff. Maybe the B.S. degree in business has something to do with it:)

Side note: I love Phil Mikelson! He is pissed he is getting taxed at 63%. Makes no matter the amount he, or anyone else makes. 63 cents on the dollar is simply wrong.

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7 Comments (+add yours?)

  1. deborahbidwell
    Jan 23, 2013 @ 12:00:14

    ok tip your hillbilly hand a little more and let us know what you are doing that we can do that way we can all flip him the bird ๐Ÿ™‚ I know some of the tax laws, BUT have to be careful cause the IRS is a dangerous group of people that have no problems with following the letter of the law that batty-barry has set them on.

    Reply

  2. List of X
    Jan 23, 2013 @ 12:22:09

    How can you even get taxed at 63%??? The highest effective federal rate he can possibly pay is about 42% including Social Security and Medicare, plus 12% state tax. That leaves about 20% of remaining income going into other taxes. I agree, 63% is simply wrong, but I think Mickelson should hire a different accountant or financial advisor.

    Reply

    • The Conservative Hill Billy
      Jan 23, 2013 @ 14:27:04

      I think he is referring to the new taxes going into place in California. As a golfer, he is an independant contractor, and a business owner. He employees hi caddy. Bottom line, he is probably paying 63 cents on the dollar. Moving out of Cali will be a huge plus for him. Heck, it would be a huge plus for every employed person. The mooches on welfare will never leave this green pasture:)

      Reply

      • List of X
        Jan 23, 2013 @ 19:31:50

        If you google “Mikelson tax rate”, you’ll find a number of articles analyzing his likely tax rate. Basically, they come to the same conclusion as I did – no way he is paying that much taxes, or if he does, his accountant needs to get fired. Whatever he pays his caddy and other employees is a tax-deductible business expense. Mikelson needs to talk to whoever does Mitt Romney’s taxes, and then maybe he could afford to stay in CA ๐Ÿ™‚

  3. 68ghia
    Jan 24, 2013 @ 01:28:49

    At least you’re busy – I’m sure we can all overlook the laxness ๐Ÿ˜‰
    Good luck!!

    Reply

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