He’s one of the highest paid athletes in sports and now PGA Tour golfer Phil Mickelson may walk away from it all over taxes.
Earlier this week Mickelson, whose earnings reach 40 million annually, hinted that his current financial situation will prompt “drastic changes” for him and quite possibly the world of golf.
The thing is: Mickelson’s substantial earnings and his current residency in California places him in the crossfire of two sets of laws that taxes him a whopping 63 percent when its’ all said and done Mickelson will walk away with one-third of his actual earnings if that.
It was back in November, when voters went to the polls where they approved a proposition that raises taxes on residents making more than $1 million annually.
Mickelson plans to give more details about his future and the pending issue later this week.