$300 Million Phil Mickelson once had a bold opinion about high tax rates

Aside from being one of the greatest golfers, Phil Mickelson also happens to find himself on the list of the highest paid players in the game. With such huge profits, it is quite obvious that Lefty has to pay a huge amount in taxes as well. Back in 2013, Michelson criticized the high tax rates in the United States and made a bold claim about the decision.

Mickelson currently has a 9-figure contract with LIV Golf. However, it doesn’t beat the earnings the golfer made during his PGA Tour days. The amount of tax the 52-year-old is paying must have been pretty high during his days on the US Tour, as he earned nearly $95 million in career earnings alone.

In 2013, tax rates for high-income earners were increased. This was the largest increase since 1950. As a wealthy earner, Phil Mickelson decided to share his thoughts on inflation.

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Phil Mickelson reacts to higher tax rates

While participating in the 2013 Humana Challenge, Mickelson stated that inflation was forcing him to do so Radical changesHe also suggested he would leave golf or his California home.

Golf – Inaugural LIV Golf Invitational – Centurion Club, Hemel Hempstead, St Albans, UK – June 9, 2022 Team Hy Flyers Phil Mickelson of the US during first round Action Images via Reuters / Paul Childs

Phil claimed he paid a tax of 62 to 63 percent. He also revealed that he has some important decisions to make. Mickelson said,If you add up all the federal and look at disability, unemployment, Social Security, and state, my tax rate is 62, 63 percent. So I have to make some decisions about what I’m going to do.”

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Several accountants called out the golfer by saying it was unlikely that Mickelson would have paid more than 60 percent tax. They believed Lefty’s true rate was closer to 50. However, Mickelson’s comments on raising tax rates sparked controversy.

Although Mickelson apologized for his comments, he did not go back on his words. “Finance and taxes are a personal matter and I should not express my views on them,Phil said in a statement. “I apologize to those I offended or offended and assure you that I intend not to allow this to happen again.”

Currently, Phil Mickelson has been named the highest-paid golfer of 2022 by Forbes, thanks to his move to LIV Golf. The golfer may have to pay more taxes since there hasn’t been much difference in prices in the past nine years.

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What do you think of Mickelson’s comments? Share your thoughts in the comment section below!

Watch this story: Phil Mickelson once got into a heated argument with a reporter

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