Professional golfer Phil Mickelson makes an estimated Dh176.2m every year and complained this week about recent tax laws.
Professional golfer Phil Mickelson makes an estimated Dh176.2m every year and complained this week about recent tax laws.
Professional golfer Phil Mickelson makes an estimated Dh176.2m every year and complained this week about recent tax laws.
Professional golfer Phil Mickelson makes an estimated Dh176.2m every year and complained this week about recent tax laws.

Taxing issues leave Phil Mickelson a little red-faced


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Phil Mickelson beat a hasty retreat, his expensive, alligator-skin golf shoe wedged firmly in his mouth.

After making some poorly conceived comments on Sunday about the new tax laws in the United States, he had backed down on Tuesday, issuing a statement saying financial affairs should be a "personal matter."

If only he had taken that tack earlier.

Mickelson told reporters that he is facing a 62 per cent annual tax bill as a result of new laws enacted in the United States and California which are aimed at residents making more than a million dollars.

He makes an estimated US$48 million (Dh176.2m) annually and gets to write off most of his expenses, from caddie fees to jet fuel, as a business expense.

In addition to a scathing treatise posted on the Forbes Magazine website, Mickelson was hammered in myriad chat rooms, on Twitter and in the court of public opinion, where he was adjudged as being an ill-informed, disconnected heel during one of the worst economic periods to have hit society in global history.

He first insinuated that he might leave California – Tiger Woods moved to Florida in 1996 and the state somehow survived – but has backed down completely, no doubt having alienated many fans and perhaps even a sponsor or two.

"I apologise to those I have upset or insulted and assure you I intend not to let it happen again," he said.

Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.