People move about the world for different reasons; climate, health, employment, family and to escape for a better life. Our forefathers risked their lives for a dream of a brighter future. Legendary golfer Phil Mickelson, a California native, complained about the state having the highest taxes in the nation and he was (gasp!) considering moving to a more tax-friendly jurisdiction. […]» Read more
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Legendary golfer Phil Mickelson, a California native, complained about the state having the highest taxes in the nation and he was (gasp!) considering moving to a more tax-friendly jurisdiction. He later apologized, saying it was "insensitive to state his opinion publicly when people are living paycheck to paycheck." Could high taxes be part of the cause?
Fellow golfer, Tiger Woods says "Mickelson Was Right About Taxes." The California Political Review tells us:
"Tiger Woods moved from Orange County, California to Orange County, Florida. In the first year of that move, he saved $13 million in taxes. …. Now it looks like Phil Michelson is about to make the same decision. He earns $60 million a year-he would save north of $5 million a year to move to a free State, like Florida or Texas."
Woods earned well over $1 billion before taxes; his net worth is estimated around $600 million. California's top tax rate is 13.3%. It's not just one year, would it be worth an extra $133 million in taxes to live in CA?
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“Oh my gosh”, my wife Jo exclaimed. “He’s walking right toward us!” He smiled, extended his hand and said, “Hi, I’m Ron Paul.” I smiled, shook his hand, and introduced myself and my wife. I was the oddball when I wrote for Casey Research. I was surrounded by legendary newsletter pundits and heavy-duty researchers. I was a 73-year-old retiree, writing […]» Read more
I recently interviewed, Aja McClanahan, who told us how she and her husband built a plan that took seven years to pay off $120,000 in debt. At a young age, they are now debt-free! While they should celebrate, becoming debt-free is just one major milestone in a longer journey. It’s exciting and frustrating to finally get to the top of […]» Read more
The politically motivated press is having a heyday with the Trump Tariffs and ensuing trade war. Trump calls it negotiations while much of the media predicts Armageddon. How does an individual investor sort through all the media hype, separate facts from hyperbole, and protect their life savings? Good friend Jeff Clark’s recent article, “The Russians Are Coming! The Gold/Treasury Inversion […]» Read more
Oh, what a tangled web we weave when first we practice to deceive! – Walter Scott When I taught in night school my professor insisted I attend a full-day conference on “Effective Teaching Methods”. The speaker list was full of well accredited academics. The morning consisted of 3-4 speakers outlining their intellectual theories. They rambled on, under the illusion the […]» Read more
Consumers love rewards programs, whether it’s cash back, free miles or a free dessert at their local eatery. They’re generally a tit-for-tat, you do business with them and they reward you for doing so. Our article, “Does Government Debt Really Matter?” generated interesting responses. Subscriber Bob O. lamented how our government is borrowing billions and wasting it. He sent a […]» Read more
I hope everyone enjoyed the 4th of July. My webmaster sent me a link to a cool website that offers some history about the declaration of independence as well as the full text. As I read it, I realized the message from our founding fathers is more profound than anything I planned on writing. I encourage everyone to read the […]» Read more
During the season, the waters in the Florida Keys are decorated with various colored buoys attached to lobster traps. The symbols are akin to branding cattle. Don’t even think about rustling lobster from someone else’s trap! You could end up in the middle of the ocean with a sinking boat full of bullet holes. Lobster fishing is different. Maine Lobster […]» Read more
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