well, michelson is taking a beating from the left.y professor len berman in an op-ed in forbes magazine. please stop whining and give thanks for making a living playing and selling golf clubs. 9 99.99 of people would never have that option no matter how hard they worked on their swing. pay up and shut up. and some people try it get rid of their state taxes to entihav people like michelson, and seven states already have no income taxes. perhaps michelson is the american version of gerard depardieu driven out of his birthplace by massive taxation. and more on phil this hour, and he will be the subject of my take. and we'll ask one of our stock pickers if apple is a screaming buy around $500 with the report that it may put out three iphones this year and why he's selling google, google a sell? first, the second term is going to start like the last one ended, more taxes especially on the rich and even stevie wonder sang about it. ♪ this is for the middle class ♪ ♪ make a little money, share that money, help everybody ♪ >> ♪ [ male announc

so is golf pro phil michelson who suggested, quote, drastic changes ahead for him because of tax paining to discuss whether rich people are really moving to avoid the tax man's blow. next. >> we have certainly stories on that. >> litter, a super conservative governor raises taxes to fund her state's responsibility for the new health care law. stick around. could happen in for states as well. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >>> you've probably heard by now golf phil michelson has apologized for those remarks that he said over the weekend when he said big changes would be coming in his own life due to his rising tax rate in california but didn't go so far as to say those changes were not coming with that apology. brian schactman has that story. >> well, you know, phil said he'll have to way a rate in the low 60s. that's a good golf score but a pretty tough tax rate. most think tha

golf star phil michelson says higher taxes might force him to move out of the golden state.here he could land and why he's hardly alone. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lin grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve. just two pills for all day pain relief. try

robert frank, just the other day, right, we were speaking about california with regards to phil michelsonnd the poe lengths he might see big dramatic changes in his wife. we don't expect a massive flight. >> i like this chart. like my new angry birds could. play with this at my desk for hours. amazing what they put together here. phil figure elson. those rates from california are 13.3% and look at these numbers. these outflows, 31 billion going out of california. this was up through 2010 so these tax increases that they just, we don't know what those with going to do. the previous research does show that there's conclusive evidence between the tax rates and the people move but what i do like is you do see a pattern. take a look at new york, a net change of 58,000, almost all of that -- a lot of that to florida, this is a factor. people are retiring so we don't though what role taxes played but most of that money is going to florida. >> i've got a question. you noted the paying rigs to florida, how much of that is demographic? people move to florida when they retire and i know don't have a

and golfer phil michelson is leading his own tax revolt. as a resident of california. he is next.mickelson has had it with taxes. he's a california native, and he's not happy. he now has to pay a higher federal income tax rate, a higher medicare tax, and more tax on profits, dividend and interest, plus the new and much higher california income tax. he's losing, he says, 63 cents on the dollar. and he says there will be drastic changes, maybe leaving the state. but wait, phil, you ain't seen nothing yet. the obama team wants to tax the rich some more. the democrats must get a budget through the senate soon, and leading democrats want it to include yet higher taxes on wealthy people, oil and gas companies, and corporate profits. you thought we were done with raising taxes? wrong. tax more. don't cut spending. and ignore the debt. that's what's coming for another four years. stuart: monday january 21st, mar thin luther king -- martin luther king day. we're talking taxes, hollywood hypocrisy and we have the guest you hate to love all coming up. along with this company, e -- elizabeth

. >> and for somebody like phil michelson if the reports are accurate at $60 million a year he wouldd going to texas, florida, nevada, wyoming, one of the states that don't collect state taxes. there is a bigger issue here as well and i think we'll start seeing this with a lot of athletes. it's very popular to come and play for the san francisco 49ers or the los angeles lakers, but at 13.3% i think you'll see a lot more people considering florida, considering texas, considering tennessee, there is a new team going to be going up to seattle, the state of washington now in the mba. i think you'll see some of the athletes with salary caps avoiding the state because they can get a 13.8% raise by not playing here. bill: you may be dead right about that. that would be remarkable too. that goes into the busy digs of signing a contract. phil will be out playing this week and the suggestion to the statement is that he might add a little more to this. we'll see if that is the case throughout the week here. it's always good to have you on, jim gray out of california. >> appreciate it. thank you

taking a look at the state of california the controversy with phil michelson.ebate about filled mickelson. >> california state income tax went up on proposition 30. then you add security, a disability, federal taxes. and other payroll taxes. intel has more employes in oregon and california. apple opened up a new campus in texas. these are people that have more to the bay area that are leaving. this will hurt because proposition 13 is stinging people in california. >> i and i was in tell you when i retire i am leaving the state. >> you cannot count sales tax at 10 percent. >> if you live in oregon you did not pay sales tax. i count celotex. >> you have to live in oregon. >> you can live in oregon, or florida, or nevada. >> and in dollars retirement in california vs. an oregon is a big difference. >> the dreamline. cohen is getting a bit wet for this one. boeing is having a big problem with this one. >> they introduced this a couple of years ago it was said to be enjoyable heading into a payment systems and very comfortable. it is still having hiccups' but any gr