What do Tigers Woods, Phil Mickelson and Grant Cardone Have in Common

TL;DR

Professional golfer Phil Mickelson faced backlash after complaining about high taxes in California, later apologizing for his comments. Grant Cardone, Mickelson's former neighbor, discusses the intolerance towards wealthy individuals and the benefits of moving to Florida for tax purposes.

Transcript

yeah who needs laughing gas have some of this right I'll floss on my own things all right tax to the max when proler Phil Mickelson complained about being taxed to the max in California the media went nuts Mickelson you actually had to apologize or felt he had to apologize just for speaking his mind you know I've made some dumb dumb mistakes and ob... Read More

Key Insights

• 🥺 Phil Mickelson's public complaint about high taxes in California led to controversy and backlash.
• 😑 Grant Cardone believes there is intolerance towards wealthy individuals expressing tax concerns.
• 💾 Tiger Woods saved millions in state income taxes by moving to Florida.
• 🖤 Grant Cardone relocated his businesses from California to Florida to benefit from the lack of individual income tax.
• ✋ High taxes in California can make it difficult for successful individuals to live in the state.
• 🖤 Texas and Florida are attractive options for relocation due to their lack of income tax.
• 🤨 The American backlash against wealthy individuals discussing taxes raises questions about patriotism and financial burdens.

Questions & Answers

Q: Why did Phil Mickelson apologize for his comments about taxes in California?

Mickelson apologized because he felt it was inappropriate to use his platform as a professional golfer to discuss political issues publicly. He acknowledged his mistake and apologized for speaking out.

Q: Why did Grant Cardone express disappointment in Phil Mickelson's backtracking?

Cardone is disappointed because he believes there is intolerance towards wealthy individuals standing up against high taxes. He thinks it is important for successful people to voice their concerns about taxation.

Q: How much money did Tiger Woods save by moving to Florida?

Grant Cardone estimates that Tiger Woods saved around $80 to $100 million in state income taxes over the last decade by relocating to Florida.

Q: Why did Grant Cardone decide to move from California to Florida?

Cardone explained that he moved his businesses from California to Florida due to the high tax rates. He was able to expand his company and hire more employees using the money saved from not paying state income taxes.

Summary & Key Takeaways

• Phil Mickelson expressed frustration about being taxed heavily in California, causing a media frenzy.

• Grant Cardone, Mickelson's former neighbor, discusses the intolerance towards wealthy individuals expressing tax concerns and the benefits of moving to Florida.

• Tiger Woods, another golfer, previously moved to Florida and reportedly saved millions in state income taxes.