In an interview with CNBC's Maria Bartiromo from The Barclay's golf tournament that aired on Friday, Mickelson was asked how it felt to pay over 60% of his British and Scottish Open winnings in taxes.*Figuratively, of course.
"It's not making me want to go out and work harder," Mickelson said.
Okay, a few things. First off, Mickelson gets $36 million a year in endorsements. The only way to make sure you keep getting endorsements is to continue being a good golfer. If Mickelson doesn't "work as hard", and his golfing becomes worse, those endorsements start going away. In other words, it's in Mickelson's best interest to keep working harder, regardless of what the tax rates might be.
Furthermore, despite the extremely high tax rates in Great Britain, Mickelson STILL decided to go ahead and do it. After all these taxes were taken into account, Mickelson got to keep $842,700, for two weeks of work, from his pre-tax income of $2,167,500. We can have a spirited debate about whether that's too much taxation or not, but the point remains: Mickelson isn't stupid enough to quit doing what he's doing because he knows that $842,700, while quite a bit less than $2,167,500, is still shockingly enough, still a helluva lot more money than $0!
This is something that teabaggers are incapable of grasping. If you take a quick glance at the comments section on that page (and this is something you should NEVER do), you'll notice that countless Breitbrats are jizzing at the idea of Mickelson and his ilk getting too fed up at Obama's oppressive government, and the filthy masses, and finally "going Galt". But of course, that will NEVER, EVER happen. Remember, even Sean Hannity, who is ostensibly a hundred times more freedom-loving than Mickelson, has admittedly (albeit inadvertently) that his own supposed 60% tax rates haven't been enough to make him flee from the liberal cesspool of NYC, and move to Somalia.
The threat of high taxes isn't as much of a deterrent for working as the wealthy would have everyone believe.