After Tax Salary Caps
- Thread starter Jason MacIsaac
- Start date
Jason MacIsaac
Registered User
The Canadian Armed Forces have a city by city post living differential, and while it is only the cost of living in a city we could theoretically expand upon this for sports franchises. The factors in play:
1.) Federal Income Tax
2.) State/Provincial Income Tax
3.) Other taxes
4.) Cost of living
5.) Desired locations
It wouldn't take much work to create a list like the one below, to adjust each team's individual salary cap.
1.) Federal Income Tax
2.) State/Provincial Income Tax
3.) Other taxes
4.) Cost of living
5.) Desired locations
It wouldn't take much work to create a list like the one below, to adjust each team's individual salary cap.
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Just Linda
Registered User
- Feb 24, 2018
- 6,828
- 6,800
Syckle78
Registered User
wintersej
Registered User
Fair, but if your search you will find dozens of this thread and the financial folks that actually can talk about it all in detail are probably sick of posting the same things.
USD v.s. CAD doesn't mean shit. It's not like something that costs $3CAD in Canada always costs $3USD in the US. All else equal, if USD -> CAD is a rate of 1.3, then your $3USD purchase in US would just be $3.9CAD in Canada.
The conversation about buying power between US and Canada is not about exchange rate, it's about cost of living, and I'd wager on average the cost of living where Canadian teams are located on average is greater than the cost of living where US teams are located. And that is in addition to generally having higher taxes.
Just Linda
Registered User
- Feb 24, 2018
- 6,828
- 6,800
DownIsTheNewUp
Registered User
The problem is though, it's just not simple enough to have any meaningful conversation about it. Not a single player in the league is paying the tax rate anyone here is trying to calculate.
Unspecified
¯\_(ツ)_/¯
- Apr 29, 2015
- 6,194
- 3,081
I won't, ill be moving in a year to Colorado and will have to deal with taxes there. Although i understand the sales tax in Colorado is like half of what it is in Tx to help offset the state tax.
CupInSIX
My cap runneth over
ToDavid
Registered User
- Dec 13, 2018
- 4,171
- 5,239
Take any income tax calculator with a huge grain of salt.
Taxes are individual. Players on the same team can pay very different income tax rates because of individual circumstances.
Taxes are individual. Players on the same team can pay very different income tax rates because of individual circumstances.
violaswallet
Registered User
- Apr 8, 2019
- 9,467
- 8,091
Yep: and there is a good bit of legal tax avoidance
SI90
Registered User
As a Toronto fan I would fully support some sort of modifier for tax jurisdictions in the next CBA.
Toronto gets told we can’t have our facilities open all summer to train prospects or use minor league refs at scrimmages because that is unfair to the other teams in the league, meanwhile Tampa getting 10-30% discounts on their signings and Bettman is like “this makes sense”
Toronto gets told we can’t have our facilities open all summer to train prospects or use minor league refs at scrimmages because that is unfair to the other teams in the league, meanwhile Tampa getting 10-30% discounts on their signings and Bettman is like “this makes sense”
SI90
Registered User
Why wouldn’t they be allowed to have their facilities open in the off-season for training?
CupInSIX
My cap runneth over
This whole thing seemed to snowball after noted mercenary Radulov left for Dallas to get an extra 500k or so.
SI90
Registered User
https://thehockeywriters.com/maple-leafs-refs-cba-advantages/
other teams complained that the Leafs were using their facilities in the offseason to rehab injured vets and train rookies, especially those from foreign markets
the pit provisions into the cba that limits this because developing rookies in the offseason is something that only the leafs were doing
so yes I’m sick of being told that tax rates and more don’t matter but being told we can’t even use our practice facilities in the summer
DownIsTheNewUp
Registered User
Only way to do it fair is to factor in everything.
At the end of the year the league should calculate what each player has paid in: income tax, state tax, local tax, payroll tax, sales tax, capital gains tax, value-added tax, tangible personal property tax, intangible personal property tax, estate tax, use tax, gift tax, inheritance tax, corporate tax, excise tax, fuel tax, surtax, tariffs, temple tax, tithes, motor vehicle registrations, fees, fares, tolls, and any tips paid to a restaurant, valet, or hooker.
At the end of the year the league should calculate what each player has paid in: income tax, state tax, local tax, payroll tax, sales tax, capital gains tax, value-added tax, tangible personal property tax, intangible personal property tax, estate tax, use tax, gift tax, inheritance tax, corporate tax, excise tax, fuel tax, surtax, tariffs, temple tax, tithes, motor vehicle registrations, fees, fares, tolls, and any tips paid to a restaurant, valet, or hooker.
SI90
Registered User
That’s crazy. I feel like if a prospect or player is affiliated with the franchise they should have access to the facilities 24/7
I can’t imagine every team doesn’t do this? Like the guys who stay home and live on Long Island during the summer I’m pretty sure they train at the isles practice facility
Icarium
Registered User
- Feb 16, 2010
- 4,026
- 5,733
30%? Did you randomly come up with this number or you are really that bad at math?
- Dec 20, 2018
- 22,763
- 50,899
I just want to take this time to thank the fans of the Los Angeles Kings and San Jose Sharks for their relative stoicism in the Great Tax Debate.
Stuzchuk
Registered User
trust me I kind of know that... having lived all across the country I can say a lot about what you've mentioned in your post. 75,000k in Vancouver aint the same money than 75,000k in NB
