Posts for Tag: taxes

How Cory is tired of the media demonizing success: Phil Mickelson edition

It disgusts me how much the media demonizes the wealth of successful people.

Phil Mickelson got flak this week for saying new federal and state tax rates would prevent him from joining in on a deal to be part of the San Diego Padres new ownership group. He explained the new tax code would force him to make "drastic changes".

On Sunday, Mickelson explained, "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."

His comments were perceived "insensitive", so he apologized.

"I think that it was insensitive to talk about it publicly to those people who are not able to find a job, that are struggling paycheck to paycheck," Mickelson said. "I think that was insensitive to discuss it in that forum."

Do you mean to tell me that the average golf fan was offended by Mickelson's comments? I find that hard to believe.

It's likely he wouldn't have apologized for his comments if he weren't so demonized by the media. This post written by golf writer Doug Ferguson of the Associated Press is written with an extreme left slant, riddled with sensationalism that I wouldn't even call journalism. (If I gave him a press badge at an event, I'd make sure his badge labeled him a "Blogger".)

The same day, Tami Luhby of CNN published a post titled The truth behind Mickelson's taxes. She leads with the title, "There's no doubt that Phil Mickelson pays a lot in income taxes as a California resident, but it's not as much as he thinks." Her article breaks down what he pays in taxes and guesses he pays a mere 51% instead of Mickelson's quoted "62, 63 percent". Whoop-de-do, Tami.

I think people in the media (not to be confused with journalists) fail to remember what successful people do with their money. Mickelson runs a foundation with his wife called The Phil and Amy Mickelson Foundation that focuses on education and family issues. They partnered with ExxonMobil to develop a curriculum for teachers to help motivate students in math and science. He has also contributed to many other charitable groups, several of which benefit wounded veterans. And yes, he'll get a tax break for that. As he should.

But for the media to demonize Phil Mickelson's success personal opinions on taxes in golf is short-sighted and pathetic. It's disappointing that legitimate news publications feel it's okay to report in such a way where their posts contain a subtext of intentionally derogatory language against someone who voices an opinion contrary to their own, while labeling it as reporting.

Sure, Mickelson has a great job and we're all jealous. I just wish the media would keep in mind that the wealthy don't leach.