User ID
Password
  Forgot User ID
or Register Today!
VegasInsider.com
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Golf
Auto Racing
Horses
Boxing/MMA
More
Betting Tools

 
Mickelson regrets airing opinion on taxes

New Sportsbook.com customers: Make your 1st bet, get your 2nd bet free, 100%, winnings paid in cash.
Join Now

Already have an account? Click here to view new Exclusive Rewards!

   

SAN DIEGO (AP) - Phil Mickelson says he should have kept his opinions on taxes to himself.

Advertisement
Mickelson had suggested ``drastic changes'' were in store for him - perhaps moving from his native California - because of changes in federal and state taxes that he says tap into more than 60 percent of his income. He said it ``absolutely'' was a factor in deciding against becoming part of the San Diego Padres' new ownership group.

The four-time major champion didn't back away from his outlook, only his decision to talk about it.

``Finances and taxes are a personal matter, and I should not have made my opinions on them public,'' Mickelson said in a statement released late Monday night. ``I apologize to those I have upset or insulted, and assure you I intend to not let it happen again.''

Mickelson first made a cryptic reference to ``what's gone on the last few months politically'' during a conference call two weeks ago for the Pebble Beach National Pro-Am. After his final round Sunday of the Humana Challenge, he was asked what he meant.

``There are going to be some drastic changes for me because I happen to be in that zone that has been targeted both federally and by the state, and it doesn't work for me right now,'' he said. ``So I'm going to have to make some changes.''

Mickelson said he would wait until his news conference Wednesday at Torrey Pines to elaborate.

``I know I have my usual pre-tournament press conference scheduled this week but I felt I needed to address the comments I made following the Humana Challenge now,'' Mickelson said in his statement. ``I absolutely love what I do. I love and appreciate the game of golf and the people who surround it. I'm as motivated as I've ever been to work on my game, to compete and to win championships.

``Right now, I'm like many Americans who are trying to understand the new tax laws. I've been learning a lot over the last few months and talking with people who are trying to help me make intelligent and informed decisions. I certainly don't have a definitive plan at this time, but like everyone else I want to make decisions that are best for my future and my family.''

The response to Mickelson's opinions on taxes ranged from mocking a guy who has become a multi-millionaire by playing golf for a living to support for having such a high tax rate and not being afraid to speak his mind. A majority of PGA Tour players live in Florida and others in Texas, two states that have no state income tax.

Texas Gov. Rick Perry even weighed in with this tweet: ``Hey Phil....Texas is home to liberty and low taxes...we would love to have you as well!!''

Players at the Farmers Insurance Open privately questioned what Mickelson had to gain by complaining about his taxes.

Mickelson has earned just under $70 million in PGA Tour earnings for his career, which doesn't include corporate endorsements or his golf course design company, which is thriving in China. Forbes magazine reported Mickelson earned over $40 million in endorsements last year, trailing only Tiger Woods among golfers.

Mickelson was raised in San Diego and, after playing golf at Arizona State, settled in the Phoenix area when he started his career before moving back home, about 20 miles north in Rancho Santa Fe.

In November, California voters approved Proposition 30, the first statewide tax increase since 2004.

``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 percent,'' Mickelson had said. ``So I've got to make some decisions on what I'm going to do.''

AP NEWS
The Associated Press News Service

Copyright 2014
The Associated Press
All Rights Reserved

  
HEADLINES
Kuchar chips in for RBC Heritage win
Westwood wins Malaysian Open
Youngest winner on Japan women's tour
Jimenez leads by one at Greater Gwinnett
Wie wins LPGA LOTTE Championship
Haas withdraws with wrist injury
Larrazabal jumps in water to avoid hornets
Fieger wins Senior PGA Professional
Jason Day out 3 weeks with injury
MORE HEADLINES
 
VegasInsider.com Gold Membership
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!