Economist and Harvard Professor Greg Mankiw isn’t the only one who is thinking about working less in an era of higher marginal taxes. So are golfers like Phil Mickelson according to a recent story:
“Well, it’s been an interesting off-season, and I’m going to have to make some drastic changes,” said Mickelson, who lives with his wife and three children in Rancho Santa Fe, near San Diego. “And I’m not going to jump the gun and do it right away, but I will be making some drastic changes.”
When asked whether the “drastic changes” meant moving from California to another state or perhaps even country, Mickelson would say only that he was not sure.
“If you add up all the federaland you look at the disability and the unemployment and the Social Security and the state, my tax rate is 62, 63 percent,” Mickelson said. “I’ve got to make…
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