I have been receiving my annual emailings from the Myrtle Beach Father & Son Golf Classic, set for this coming July.  The three day event features hundreds of teams comprising mostly fathers and sons, but also fathers and son-in-laws and grandfathers and grandsons.  My son Tim and I first played in the tournament 10 years ago, when he was just nine years old and was permitted to play from the front tees.  When he was 11, his last year from the front tees, we actually won our flight of 17 teams.  It was a hoot.

    The entry fee is pricey at $1,175 ($900 if you have played in any previous Classic) but the memories are

I'll suffer my share of indignities for an impressive piece of crystal.

priceless.  Tim and I have taken the last few years off, but we are seriously contemplating playing this year, largely because 60 year olds (my 60th is in a couple of weeks) get to play from the front tees.  Hey, I'll suffer my share of indignities for an impressive piece of crystal.

    The fee includes food and beverages during the event, including a festive barbecue at the awards ceremony, some golf paraphernalia (shirts, sometimes shoes, other stuff) and, maybe best of all, $400 in store credit at the enormous Martin's Golf and Tennis Superstore in Myrtle Beach.  For those who feel the need the buy a new putter or 10 dozen Pro V1s, this is the time.

    The roster of more than a dozen courses that host the event is impressive and includes the well regarded Tidewater, Barefoot Resort, the newly reconstituted Pine Lakes International and the three courses at The Legends Resort.  The format is both fun and a little nervewracking; it includes one round of best ball, one of captains choice (two-man scramble) and -- this is the nervewracking part -- a round of alternate shot.

    If any of our faithful readers intend to participate this year, please let me know and I will be sure to stop by and say hi (but not at the top of your backswing).  And what better time to make a visit or two to one of the Myrtle Beach area's fine golf communities.  I am happy to help with that.

    More information on the Father & Son Golf Classic is at FatherSonGolf.com.   

    The recession has certainly had its impact on individuals' assets and incomes but, according to a recent Wall Street Journal article, the impact on states' budgets has been bad too.  And that can only mean things are about to get worse for individuals, in the form of increased taxes.
    If you are contemplating a relocation, especially one in which you have some flexibility in terms of geography, you might want to keep your eye on state legislatures' activities in the next few months.  The states in the warmer weather areas that lost the most in tax revenue in the last quarter of 2008 (between 10% and 25%) include Virginia and Florida, with Tennessee, South Carolina and Alabama at 5% to 10% losses.  Milder shortfalls (less than 5%) were felt in North Carolina, Georgia, Mississippi and Texas.  Louisiana actually had a revenue increase.
    I have preached in this space that taxes are only one component of the cost of living and depend largely on an individual's circumstances and lifestyle.  Life in a zero-income-tax state like Tennessee, Florida or Texas, for example, could wind up being just as expensive as in the Carolinas, the difference made up by higher sales, property and use taxes.  Still, the income shortfalls in the states bear watching before making a commitment to move.
    For the Wall Street Journal's map indicating tax status state by state, click here .