More on California taxes.
I posted on Monday that Phil Mickelson has had enough of the confiscatory powers of the state:
And now California is about to. When you tax the living snot out of people they are going to react. They’ll either move or quit.
And that results in $0.00 tax revenue.
It’s really not rocket surgery.
Perhaps the only thing more frustrating than a government that confiscates so much wealth is the fact that it is so predictable:
…but when pressed during his interview Tuesday, here’s how Woods responded:
“I moved out of here back in ’96 for that reason. I enjoy Florida but it was also…I understand what he was I think trying to say. I think he’ll probably explain it better in a little bit more detail.”
When California takes 13.3% and Florida takes zilch the calculus is pretty simple.