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Old 12-26-2014, 05:40 PM
zdg
 
Location: Sonoma County
845 posts, read 1,973,134 times
Reputation: 1144

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I want to thank this thread for inspiring me to do some research and discover an IGNORE function that I didn't know existed. I don't have to read any more posts about people complaining about their choice to live in California. Thank god.
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Old 12-26-2014, 11:10 PM
 
104 posts, read 115,584 times
Reputation: 84
Quote:
Originally Posted by mbell75 View Post
$9 million a year is nearly $1 million a MONTH in taxes. Just more proof of how ridiculously stupid living in California has become. I cannot wait to leave!
I agree wholeheartedly and so does Phil Mickelson. $1M monthly is a lot of green. I'm betting on his good years he was paying $12M yearly in California State Income Taxes. Imagine what $12M buys in Florida every year? Smart guy the Mickelson.
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Old 12-26-2014, 11:23 PM
 
28,115 posts, read 63,680,034 times
Reputation: 23268
Quote:
Originally Posted by SoCalbound12 View Post
Yet millionaires and billionaires will still live in California. Just think about it, if Phil really is selling his property to move to Florida, or Texas, or wherever that means that someone equally as rich as Phil will be buying his property. Whew...crisis avoided.
I use to think this way until living near Silicon Valley learned there a many tax practitioners here making a good living advising high income earners how to minimize tax liability...

Could be as simple as being transferred to a low tax State or living half the year and one day outside of California... if there is a way to do... the human mind will find it.

Just as New York has seen an exodus of high income earners...

For the rest of us W2 earners... are choices are limited.
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Old 12-26-2014, 11:42 PM
 
104 posts, read 115,584 times
Reputation: 84
Smart guy that Mickelson.
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Old 12-27-2014, 07:10 AM
 
Location: Springfield, Ohio
14,682 posts, read 14,652,852 times
Reputation: 15415
Quote:
Originally Posted by Ray Deckard View Post
Smart guy that Mickelson.
Unlike some...
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Old 12-27-2014, 08:38 AM
 
Location: Paranoid State
13,044 posts, read 13,869,992 times
Reputation: 15839
Quote:
Originally Posted by Fargobound View Post
Nothing good ever comes out of Florida
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Old 12-27-2014, 09:05 AM
 
Location: On the water.
21,740 posts, read 16,356,570 times
Reputation: 19831
Yeah. But that pretty stuff don't last for long, Sport
Then awhaddaya got? Good conversation bout navels (oranges)?
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Old 12-27-2014, 11:49 AM
 
Location: Boulder Creek, CA
9,197 posts, read 16,845,334 times
Reputation: 6373
Quote:
Originally Posted by Ray Deckard View Post
Smart guy that Mickelson.
Why is this being peppered all over the other threads in here?
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Old 12-27-2014, 11:58 AM
 
17,815 posts, read 25,642,029 times
Reputation: 36278
Quote:
Originally Posted by Ray Deckard View Post
Phil Mickelson is selling his California Mansion for good reason as he has discovered a way to save $9M annually in State Taxes. Word on the street says he purchased a beautiful Mansion on the Beach in Florida.

Bye California and Hello FLORIDA

Phil Mickelson selling mansion in Rancho Santa Fe, Calif., for $6 million, $1 million than he was asking in 2013 . . . house comes complete with backyard putting green | FOX Sports
Well so did OJ Simpson for that matter. The reason they do it is in FL regardless of how awful you are and what crimes you have committed you get to keep your house, you could be being sued for millions but they can't take your house.

Not saying that is the case with Mickelson, but it is with many others.



Quote:
Originally Posted by skytop View Post
It really doesn't matter where Phil "lives". He can still jet set his way across the world as he pleases. His address might as well be a PO Box in Delaware. Now if I moved to Florida I would be trapped there like a rat for the rest of my life, not an easy decision.
This, he will most likely be spending little to no time there, and come March through November you don't want to be there, it is currently in the 80s in most of FL with high humidity, doesn't that sound lovely.
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Old 12-27-2014, 03:21 PM
jw2
 
2,028 posts, read 3,266,879 times
Reputation: 3387
Quote:
Originally Posted by Ray Deckard View Post
Phil Mickelson is selling his California Mansion for good reason as he has discovered a way to save $9M annually in State Taxes. Word on the street says he purchased a beautiful Mansion on the Beach in Florida.

Bye California and Hello FLORIDA

Phil Mickelson selling mansion in Rancho Santa Fe, Calif., for $6 million, $1 million than he was asking in 2013 . . . house comes complete with backyard putting green | FOX Sports
Well, Ray, he has had this listing on and off for a few years. I think if he was in such a rush to move to Florida to save $9M annually, he would have found a way to sell a $6M house sooner. Or, just move and worry about selling the house later. Ray, why is he waiting so long to move to save $9M annually?

I am not saying he won't move to Florida. I think Florida has a lot going for it. Not for me, but it works for a lot of people.
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