Not really, if you start factoring in one advantage then why shouldn’t they factor in all advantages? Which markets have more endorsement opportunities, which markets have better weather, etc. It’s a very slippery slope to start exploring
9 States with No Income Tax - NHL CAP
- Thread starter Blowfish
- Start date
Puckstop40
Registered User
GeeoffBrown
Registered User
- Jul 6, 2007
- 6,222
- 4,274
The salary cap was never about fairness. Allowing teams with higher income tax to spend more is the opposite of what the league would want.
Ya who wants to pay them dirty taxes, we don't need roads and bridges and hospitals, and police and fire departments and other infrastructure...
As for the OP, someone should do they definite study as to how much that even matters. Some cities/states/provinces might have higher income taxes but much lower costs of living. Others might have much better and higher paying side income options for players as spokesmen for products or services. There is also what loop holes a given places tax code offers the mega wealthy.
There is a lot more than just tax rates.
BTW Texas has outrageous property taxes. Some of the highest in the nation if I remember correctly, so no income taxes, but it makes up for it in property taxes.
- Aug 24, 2011
- 28,350
- 13,227
Man there must be a tissue shortage up North with all these Canadian tears.
What a great way to show off your surface-level intelligence of taxes and the salary cap. OP has zero mention of…
-sales tax
-property tax
-cost of living
-tax loopholes available to athletes
-revenue disparities between teams
-free agency attraction based quality of life in different cities
…to name a few. Nope just straight up “these teams don’t pay income taxes and it’s unfair!” Very detailed and nuanced understanding of the situation.
I honestly look forward to Tampa knocking a Canadian team out of the Finals just for people who whine about this incessantly. We’ve been bickering about this for years, fellas. There are MANY factors that go into roster construction. Income taxes are a small factor among many and it would be impossible to regulate between 2 countries and what…25 different states/provinces.
Deal with it, brah
What a great way to show off your surface-level intelligence of taxes and the salary cap. OP has zero mention of…
-sales tax
-property tax
-cost of living
-tax loopholes available to athletes
-revenue disparities between teams
-free agency attraction based quality of life in different cities
…to name a few. Nope just straight up “these teams don’t pay income taxes and it’s unfair!” Very detailed and nuanced understanding of the situation.
I honestly look forward to Tampa knocking a Canadian team out of the Finals just for people who whine about this incessantly. We’ve been bickering about this for years, fellas. There are MANY factors that go into roster construction. Income taxes are a small factor among many and it would be impossible to regulate between 2 countries and what…25 different states/provinces.
Deal with it, brah
Puckstop40
Registered User
Taxes or not, the deck is always going to be stacked against the "undesirable" areas like edmonton, winnipeg, Columbus, etc.
Tampa bays tax advantage is minor. It's major advantage is a competitive core and being in a part of the world where players don't feel the need to max their earnings to be forced to live there.
Tampa bays tax advantage is minor. It's major advantage is a competitive core and being in a part of the world where players don't feel the need to max their earnings to be forced to live there.
snipes
How cold? I’m ice cold.
- Dec 28, 2015
- 55,612
- 63,854
Not a tax lawyer but see enough corporate tax issues come up in my litigation practice even in Canada for various entities that try to make themselves judgment debtor proof. Isn’t Delaware or Wyoming the spot to incorporate for American companies?
Players get 50% of revenues.
Only really places with a big problem are in Ontario and Quebec. Why on earth would the remaining players give up money to subsidize their high taxes when instead they could just not play for those three teams?
Only really places with a big problem are in Ontario and Quebec. Why on earth would the remaining players give up money to subsidize their high taxes when instead they could just not play for those three teams?
WarriorofTime
Registered User
- Jul 3, 2010
- 30,414
- 19,052
All I'm hearing is re-locate the Leafs to Cheyenne so they can finally have an advantage.
Hivemind
We're Touched
About two dozen times. Use the search feature
No. Cap circumvention should be addressed, state tax is state law and should be treated/respected as such. I have no problem with state tax differences and/or advantages.
Bondurant
Registered User
I only went through the first 20 pages of search results...
So what including tax benefits they're 30% over the cap?
The divisional set up and income tax
After Tax Salary Caps
Idea re taxes and salary cap
No state tax. Advantage? Yay/nay
Salary Cap (Taxes)
Salary Cap: - Issue with State Tax
Tax implication expertise requested
The real disconnect about FL & taxes
Salary after tax - Tampa and Toronto!!!
Brian Burke breaks down the tax benefits to American NHL teams competing for free agents
Your thoughts on a After-taxes salary cap
Taxes on UFAs signing in Montreal.
How does the front loading of contract impact taxes?
Do teams with lower state tax rates get significant discounts?
Leafs and taxes.
State Taxes Just Not Fair
Impact of Tax Rate on Team Success Since the Lockout
Lining up the Salary Cap with Taxes per State/Province
Should the NHL salary cap adjust for local income tax?
State Tax and the Cap
Net from taxes, salary cap, and contracts?
Should the salary cap be based on after tax salary
A potential solution to state taxes advantage some teams have
Proposal: - NHL needs to change cap for highly taxed provinces/states
State/Provincial Taxes and the Salary Cap
Should the NHL permit tax gross ups in the cap to level the playing field across jurisdictions?
Personal tax in the Salary cap world
No/Low tax states have a competitive advantage
Time for the NHL to fix unfair tax loopholes with their salary cap
If you can't use Tampa as a comparable for contracts then the cap has failed (MOD EDIT: taxes)
NHL salary cap versus different tax rules for all team
Tax factors when signing deals
If we're going to have a salary cap, it should reflect the AAV after taxes are paid
Tax increase could hurt Canadian NHL teams
An idea to level the playing field for the new cba in regards to tax rates in different cities.
NHL player salaries post-tax
Salary Cap should be based on after-tax Salary
Losing UFA's because of Tax Advantages
How taxes affect free agency in pro sports
Impact of taxes on NHL rosters
Should the NHL make a softer salary cap when it comes to taxes?
Study: 60% of NHL Players With No-Trade Clause Choose Teams with Lower Taxes
News Article: - NHL teams losing talent because of high taxes, study says
Does playing for the Jets offer players a tax break?
The Effect of Taxes on UFAs (re: Callahan)
Do state or province income tax rates factor into player contract negotiations?
Why won't Molson cover for income taxes ?
Salary tax deduction
Pro Athlete Tax Returns Illustrate Complexities of U.S. Tax Code
TSN article on taxes paid by players and breakdown of what players actually take home
https://hfboards.mandatory.com/thre...y-no-tax-to-entice-them-to-your-area.1562047/
https://hfboards.mandatory.com/thre...playing-field-for-canadian-nhl-teams.1520043/
https://hfboards.mandatory.com/thre...-in-free-agency-taxpayers-group-says.1503095/
https://hfboards.mandatory.com/threads/how-big-of-a-problem-are-taxes-for-canadian-teams.1361071/
https://hfboards.mandatory.com/threads/should-the-nhl-compensate-teams-that-get-taxed-a-lot.1238399/
https://hfboards.mandatory.com/threads/income-taxes-vs-cap-hit.1099839/
https://hfboards.mandatory.com/thre...hl-team-from-winning-the-stanley-cup.1219997/
https://hfboards.mandatory.com/threads/player-personal-tax-rates.376833/
https://hfboards.mandatory.com/threads/salary-cap-dependant-on-taxes.796545/
https://hfboards.mandatory.com/threads/impact-of-obamas-proposed-tax-plan-on-nhl-players.565396/
https://hfboards.mandatory.com/threads/should-state-taxes-be-factored-into-the-cap.454259/
https://hfboards.mandatory.com/threads/canadian-taxes.399390/
https://hfboards.mandatory.com/thre...ing-to-affect-the-salary-cap-of-teams.155411/
Big McLargehuge
Fragile Traveler
I mean...I'd rather live in a state that pays for infrastructure and programs for the at-risk and needy, but these are young idiots we're talking about so I get the appeal of a lack of taxes.
Still hard for me to really think too much about this concern. It was a non-issue until it started to benefit Tampa and Tampa's recent success is the only mark of real success as a benefit in the decade and a half of the salary cap. Large markets have an inherent advantage already, this is just another kind of inherent advantage. The Hawks & Kings were able to win multiples in large markets with higher taxes; the Penguins were able to win multiples in a smaller/mid-market with pretty average taxes. It's an advantage that'll help in certain situations, but with how often this gets brought up for the results we can look at it comes off as more of an excuse than a valid concern. If my team had that advantage just think of how much we'd win...yawn.
I'd be far more open to putting some sort of salary cap in the playoffs (closer to the off-season cap than the regular season one, mind you) than I would be installing some sort of variable cap system. There's nothing that can be done to completely level the playing field. Fix this and weather will still be a thing...but you know what? People are individuals with their own desires and wants...what appeals to some about Florida is the same thing that drives others away. If I were a free agent athlete of value there's nothing a team from Florida could do to overcome the oppressive humidity that others just shrug at. I also wouldn't give a shit about New York's nightlife and thus wouldn't mind a smaller market. That doesn't mean I have anything against NYC...it's main appeal just never appealed to me. Just like Florida's beaches don't, but the mountains near Vancouver, Colorado, or even LA do. If we 'fix' this problem and then a Canadian player decides to sign in Tampa anyway because of weather/beaches are we going to start penalizing teams for a market's attractions? Seems like the easier thing is just to let it be. For the most part the places with the highest taxes have been the traditionally more appealing markets throughout free agency, it just feels awfully convenient that it's now an issue because a non-traditional market is wielding it to their advantage.
Still hard for me to really think too much about this concern. It was a non-issue until it started to benefit Tampa and Tampa's recent success is the only mark of real success as a benefit in the decade and a half of the salary cap. Large markets have an inherent advantage already, this is just another kind of inherent advantage. The Hawks & Kings were able to win multiples in large markets with higher taxes; the Penguins were able to win multiples in a smaller/mid-market with pretty average taxes. It's an advantage that'll help in certain situations, but with how often this gets brought up for the results we can look at it comes off as more of an excuse than a valid concern. If my team had that advantage just think of how much we'd win...yawn.
I'd be far more open to putting some sort of salary cap in the playoffs (closer to the off-season cap than the regular season one, mind you) than I would be installing some sort of variable cap system. There's nothing that can be done to completely level the playing field. Fix this and weather will still be a thing...but you know what? People are individuals with their own desires and wants...what appeals to some about Florida is the same thing that drives others away. If I were a free agent athlete of value there's nothing a team from Florida could do to overcome the oppressive humidity that others just shrug at. I also wouldn't give a shit about New York's nightlife and thus wouldn't mind a smaller market. That doesn't mean I have anything against NYC...it's main appeal just never appealed to me. Just like Florida's beaches don't, but the mountains near Vancouver, Colorado, or even LA do. If we 'fix' this problem and then a Canadian player decides to sign in Tampa anyway because of weather/beaches are we going to start penalizing teams for a market's attractions? Seems like the easier thing is just to let it be. For the most part the places with the highest taxes have been the traditionally more appealing markets throughout free agency, it just feels awfully convenient that it's now an issue because a non-traditional market is wielding it to their advantage.
Blowfish
Count down ...
tarheelhockey
Offside Review Specialist
Not sure about Wyoming, but Delaware is the big one. The system really is ridiculous, we basically have internal offshoring.
Big McLargehuge
Fragile Traveler
BigBadBruins7708
Registered User
Sure.
New York, LA and Toronto will lose cap space to negate their advantage in offering FAs lucrative sponsorship opportunities
All O6 teams will lose cap space to negate their advantage in offering FAs the chance to play for a historic franchise and add to the sport's history
All southern teams will lose cap space to negate their winter weather advantage
All coastal teams will lose cap space to negate the advantage of offering ocean front property
NY, LA, Panthers and Vegas will lose cap space to negate their advantage of offering a booming nightlife/club scene
Do you see how dumb this idea is yet?
Drumman44
Kyle Beach Deserved Better
- May 2, 2017
- 1,927
- 2,769
Plus players pay state taxes to whatever state they are playing in. We are talking about a tax advantage for 41 games.
snipes
How cold? I’m ice cold.
- Dec 28, 2015
- 55,612
- 63,854
Yeah Delaware is the big one for sure, on my LexisNexis subscription for precedents one of the first things even on the Canadian version is incorporating entities in Delaware.
With all the regulations and tightening in the Cayman’s and smaller Caribbean countries over the last while, Delaware is the go to spot for “tax planning”.
50% of players salary
But if majority is paid in signing bonus it's a huge win for the player with no State income tax
Bondurant
Registered User
Good for Delaware. Keeping more money out of the hands of politicians that cry "think of the children" when they really want to line their own pockets is a good thing.
tarheelhockey
Offside Review Specialist
It just hit me that a big part of the disagreement on the salary cap/tax topic might be the fact that Americans are so used to thinking about this dynamic that it doesn’t faze us as much.
As a North Carolinian I’m surrounded by people who moved here from NJ, NY, MI, OH, PA, etc to avoid taxes. At the same time, I’m used to having the ~30th or 40th best public services in the nation, and everything that means for quality of life.
Our region has been in the position of luring a lot of people to a slightly lower quality of public life in exchange for a little more money in their own pocket, a little bigger house, newer car, etc. And we’ve also been in the position of saying “Oh, you’re relocating to Alabama to save 2% on your tax bill? LOL, good luck buddy.”
This tradeoff is just part of life in 21st century America, and nearly everyone makes a value judgment at some point as to what they want to prioritize. So idea that it happens in the NHL is neither shocking nor problematic. It’s just another version of the big city/small town or beaches/mountains decisions we all make.
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