9 States with No Income Tax - NHL CAP

[Cornwallace]

Might as well try to equalize the amount of traveling all the teams do while we're at it

 

[Guttersniped]

This explains why the Panthers have been a constant contender since entering the league!!

It also explains why the Bruins get all their players to sign team friendly contracts, they’re taking advantage of Massachusetts being an income tax free state.

 

[Nasti]

Not a free agent technically but Jeff Carter pouted his way out of Columbus so he could go party in Los Angeles.

A) as you admit, he wasn’t a free agent, so off topic.
B) are you suggesting he demanded to be traded to LA when he had no say?
C) he didn’t go to LA to party. He went there to win a couple Stanley Cups.

 

[bacon25]

Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no income taxes "state".

Kraken, Knights, Panthers, and the Lightning.

Each of these teams have a clear advantage over the rest of the league. Each of these teams work within CAP framework plus added room when one factor's tax break to negotiate contracts.

Is this something the NHL will consider next collective agreement?

Sounds like we need to get teams in all the oil rich states.

 

[PromisedLand]

Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no income taxes "state".

Kraken, Knights, Panthers, and the Lightning.

Each of these teams have a clear advantage over the rest of the league. Each of these teams work within CAP framework plus added room when one factor's tax break to negotiate contracts.

Is this something the NHL will consider next collective agreement?

Do you like free healthcare? Free public school education? Not too expensive college and universities?

Toronto gives massive signing bonuses; besides the JOKE of the contracts signed by dubas look at the signing bonuses of tavares, matthews and marner. And they get paid in US dollars and spend in Canadian dollars.

Dubas SUCKS ASS. I am Leafs fan too and Dubas has effed over the Leafs. Tampa players work their tail in the playoffs.

Bottom Line: Winners win and losers whine about why they couldn't.....

 

[BoltzManConstant]

You’re the one who said NJ is boring though. Look at a map. Newark is right next to NYC. Anyone playing for the Devils has access to the same stuff as anyone playing for the Rangers.

Classic bridge and tunnel

 

[Jerzey Devil]

Classic bridge and tunnel

We feel the same about all of the New Yorkers who come to Jersey to use our beaches and malls for no taxes on clothes.

 

[tucker3434]

Not sure if an employer could force it's employees to show them their taxes, but i could see it working with a more dynamic cap system like in the NFL where unused cap space rolls over to the next season giving team accountants some breathing room to do their job.

Honestly though it's a terrible and complicated idea that wouldn't bring in any additional revenue to the NHL and barely any entertainment value to the fans.

Not realistically no, and you wouldn't really want to either. Wealthy people's taxes are insanely complex. These guys are going to have all kinds of investment income/losses, deductions and credits for their charitable contributions or foundations they start. Unraveling that would be a nightmare.

I just don't see an avenue that wouldn't cost millions in compliance to solve a problem that doesn't actually exist in the minds of the owners.

 

[leaffaninvancouver]

Base the players caphit after the take home pay as opposed to the total. It’s not perfect but it would help make it more fair.

You don’t even need to see their taxes, just look at what the take home pay would be after the income tax of that city.

 

[Golden_Jet]

I wouldn't say so because I think it should be based on whichever is dominant and they get paid in whichever dollar that happens to be. Which is how it currently is.

Canadian teams pay US dollars, but collect CDN dollars in revenues.

 

[Emanresu Wen]

Just do like they do in Europe with soccer players. They sign a post-tax salary. ie: in France they always get a bigger gross salary because their income tax is the most brutal.

Having a salary cap that considers income tax would actually make the league more equal.

 

[GeeoffBrown]

Just do like they do in Europe with soccer players. They sign a post-tax salary. ie: in France they always get a bigger gross salary because their income tax is the most brutal.

Having a salary cap that considers income tax would actually make the league more equal.

Does this mean the floor would also be higher? Melnyk would be out for sure

 

[Golden_Jet]

Does this mean the floor would also be higher? Melnyk would be out for sure

No it means floor would have to be lower, for 50/50 HRR.

 

[Gamimenos]

Curious, how come the caps aren't calculated off of Net income? Wouldn't this be a simple solution to this discrepancy?

 

[patnyrnyg]

Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no income taxes "state".

Kraken, Knights, Panthers, and the Lightning.

Each of these teams have a clear advantage over the rest of the league. Each of these teams work within CAP framework plus added room when one factor's tax break to negotiate contracts.

Is this something the NHL will consider next collective agreement?

Talk about beating a deadhorse. You may actually want to try to calculate the actual monetary advantage teams have. Try researching it and putting numbers to it, don't forget the jock tax and how signing bonuses are taxed. Do this and come back to it rather than make a blanket claim that these teams have an advantage.

Then, go look up taxes on property, sales tax, local taxes. NYC has an income tax, but Nassau County does not. Does this give the Islanders an advantage? Sales tax in NYC is 8 7/8%. In Nassau County, it is 8% (I think). Can we get the cap to reflect this. Until recently, gas was much cheaper in NJ, than NY or PA. Did the Devils have an advantage over the Rangers, Isles, Sabres, Flyers, and Pens?

 

[patnyrnyg]

If it is such an advantage, why haven't the best players bolted for one of these teams the moment they could? Why didn't Crosby sign with one of these teams as quickly as he could? Why didn't Ovechkin, Kane, Malkin? Oh right, because this advantage is mythical.

 

[patnyrnyg]

Curious, how come the caps aren't calculated off of Net income? Wouldn't this be a simple solution to this discrepancy?

Because contrary to popular belief, it is about cost control for the league. Nothing to do with competitive balance. I know Bettman touted that when the cap started and everyone with a brain knew it was pure b.s. Players on the NY and California teams paying higher taxes does not change how much the owners are paying out.

 

[Gamimenos]

Because contrary to popular belief, it is about cost control for the league. Nothing to do with competitive balance. I know Bettman touted that when the cap started and everyone with a brain knew it was pure b.s. Players on the NY and California teams paying higher taxes does not change how much the owners are paying out.

Not sure what you meant by this. I'm just saying you can always calculate the estimated cap hit based on the yearly contract amount. What the players actually get payed wouldn't matter in this case, it's simply to stipulate a caphit that takes into consideration a theoretical taxation amount.

So a player in Cali whose contract says $10M/year will have a caphit of whatever a 10M income would receive after tax. He won't actually get payed different.

 

[Captain Mountain]

If you think NHL players pay taxes the way most people on here do, you're a moron.

 

[Norwegianoiler]

The drawback of the no state tax thing is that you have give much more NTC-s out, cause if a player takes less money because of no taxes, then he doesn't want to be traded to a place where he gets even less money.

This is a good point, but are there more NMC/NTCs in these situations in reality? Does anybody know?

 

[North Cole]

If you think NHL players pay taxes the way most people on here do, you're a moron.

Really can't be stressed enough.

 

[cowboy82nd]

Base the players caphit after the take home pay as opposed to the total. It’s not perfect but it would help make it more fair.

You don’t even need to see their taxes, just look at what the take home pay would be after the income tax of that city.

That would mean, that almost every team would have a different salary cap.

 

[Emanresu Wen]

That would mean, that almost every team would have a different salary cap.

Gross salary cap would be different

Net salary cap would be the same everywhere

 

[tucker3434]

Do you guys even do your own taxes? I feel like there’s this massive misunderstanding about how they work that just keeps getting glossed over.

 

[ChaosAgent]

Philosophically, these teams are representing the cities/regions of the teams.

That includes stuff like the quality of life, the culture of the city, the strength of the fanbase and - yes - the State/Local tax rates.

You wouldn't made a "weather adjustment" to make Pittsburgh less cloudy or Edmonton less miserable. You wouldn't mandate players not enjoy NYC nightlife to make it less desirable.