An actual breakdown on taxes per team

[KevinRedkey]

Games are paid based on where you play. 41 games a year you'll be paying your home state income tax. The other 41 will be based on where game ins played. So I did a calculation on what that actually amounts to. For example, Dallas players (no state tax) would still pay tax based on away games.

EDIT June 13th:
See post #463 by user CDN24 in which they explains Montreal being a little different than others. Their overall number should be slightly lower/better than OTT/TOR. The sheet below does not reflect that change, so keep that in mind.

	Tax %	2 Million	5 Million	10 Million	15 Million
Dallas	2.79%	$55,800	$139,500	$279,000	$418,500
Nashville	2.79%	$55,800	$139,500	$279,000	$418,500
Florida	3.18%	$63,600	$159,000	$318,000	$477,000
Tampa Bay	3.18%	$63,600	$159,000	$318,000	$477,000
Vegas	3.50%	$70,000	$175,000	$350,000	$525,000
Philadelphia	4.33%	$86,600	$216,500	$433,000	$649,500
Pittsburgh	4.33%	$86,600	$216,500	$433,000	$649,500
Colorado	4.59%	$91,800	$229,500	$459,000	$688,500
Utah	4.69%	$93,800	$234,500	$469,000	$703,500
St.Louis	4.72%	$94,400	$236,000	$472,000	$708,000
Chicago	4.82%	$96,400	$241,000	$482,000	$723,000
Carolina	4.92%	$98,400	$246,000	$492,000	$738,000
Detroit	4.92%	$98,400	$246,000	$492,000	$738,000
Columbus	5.51%	$110,200	$275,500	$551,000	$826,500
Seattle	6.37%	$127,400	$318,500	$637,000	$955,500
Minnesota	6.83%	$136,600	$341,500	$683,000	$1,024,500
Boston	6.87%	$137,400	$343,500	$687,000	$1,030,500
Ottawa	6.94%	$138,800	$347,000	$694,000	$1,041,000
Toronto	6.94%	$138,800	$347,000	$694,000	$1,041,000
New Jersey	7.48%	$149,600	$374,000	$748,000	$1,122,000
New York I	7.54%	$150,800	$377,000	$754,000	$1,131,000
New York R	7.54%	$150,800	$377,000	$754,000	$1,131,000
Washington	7.54%	$150,800	$377,000	$754,000	$1,131,000
Buffalo	7.65%	$153,000	$382,500	$765,000	$1,147,500
Calgary	8.01%	$160,200	$400,500	$801,000	$1,201,500
Edmonton	8.01%	$160,200	$400,500	$801,000	$1,201,500
Winnipeg	8.28%	$165,600	$414,000	$828,000	$1,242,000
Anaheim	8.95%	$179,000	$447,500	$895,000	$1,342,500
Los Angeles	8.95%	$179,000	$447,500	$895,000	$1,342,500
San Jose	8.95%	$179,000	$447,500	$895,000	$1,342,500
Vancouver	10.26%	$205,200	$513,000	$1,026,000	$1,539,000
Montreal	12.10%	$242,000	$605,000	$1,210,000	$1,815,000

Note:
USA federal tax is 37%, where as in Canada it's 33%. For this reason, I lowered the Canadian teams taxes by 4% to make up the difference. Keep in mind the table below is just State taxes, so players still need to pay way more taxes than that - but this is a half-decent representation of the difference from one team to another, as federal is across the board.

Below is the full table if you want to see the more in-depth numbers. I added some more notes under it as well.

Home (41) Division (13) In-Conf (12) Out-Conf (16) Average 2 Million 5 Million 10 Million 15 Million Anaheim 13.30% 10.68% 7.96% 7.20% 8.95% $179,000 $447,500 $895,000 $1,342,500 Boston 9.00% 8.03% 7.20% 7.96% 6.87% $137,400 $343,500 $687,000 $1,030,500 Buffalo 10.90% 8.03% 7.20% 7.96% 7.65% $153,000 $382,500 $765,000 $1,147,500 Calgary 11.00% 10.68% 7.96% 7.20% 8.01% $160,200 $400,500 $801,000 $1,201,500 Carolina 4.50% 7.20% 7.20% 7.96% 4.92% $98,400 $246,000 $492,000 $738,000 Chicago 4.95% 5.24% 7.96% 7.20% 4.82% $96,400 $241,000 $482,000 $723,000 Colorado 4.40% 5.24% 7.96% 7.20% 4.59% $91,800 $229,500 $459,000 $688,500 Columbus 3.50% 7.20% 7.20% 7.96% 5.51% $110,200 $275,500 $551,000 $826,500 Dallas 0.00% 5.24% 7.96% 7.20% 2.79% $55,800 $139,500 $279,000 $418,500 Detroit 4.25% 8.03% 7.20% 7.96% 4.92% $98,400 $246,000 $492,000 $738,000 Edmonton 11.00% 10.68% 7.96% 7.20% 8.01% $160,200 $400,500 $801,000 $1,201,500 Florida 0.00% 8.03% 7.20% 7.96% 3.18% $63,600 $159,000 $318,000 $477,000 Los Angeles 13.30% 10.68% 7.96% 7.20% 8.95% $179,000 $447,500 $895,000 $1,342,500 Minnesota 9.85% 5.24% 7.96% 7.20% 6.83% $136,600 $341,500 $683,000 $1,024,500 Montreal 21.75% 8.03% 7.20% 7.96% 12.10% $242,000 $605,000 $1,210,000 $1,815,000 Nashville 0.00% 5.24% 7.96% 7.20% 2.79% $55,800 $139,500 $279,000 $418,500 New Jersey 10.75% 7.20% 7.20% 7.96% 7.48% $149,600 $374,000 $748,000 $1,122,000 New York I 10.90% 7.20% 7.20% 7.96% 7.54% $150,800 $377,000 $754,000 $1,131,000 New York R 10.90% 7.20% 7.20% 7.96% 7.54% $150,800 $377,000 $754,000 $1,131,000 Ottawa 9.16% 8.03% 7.20% 7.96% 6.94% $138,800 $347,000 $694,000 $1,041,000 Philadelphia 3.07% 7.20% 7.20% 7.96% 4.33% $86,600 $216,500 $433,000 $649,500 Pittsburgh 3.07% 7.20% 7.20% 7.96% 4.33% $86,600 $216,500 $433,000 $649,500 San Jose 13.30% 10.68% 7.96% 7.20% 8.95% $179,000 $447,500 $895,000 $1,342,500 Seattle 7.00% 10.68% 7.96% 7.20% 6.37% $127,400 $318,500 $637,000 $955,500 St.Louis 4.70% 5.24% 7.96% 7.20% 4.72% $94,400 $236,000 $472,000 $708,000 Tampa Bay 0.00% 8.03% 7.20% 7.96% 3.18% $63,600 $159,000 $318,000 $477,000 Toronto 9.16% 8.03% 7.20% 7.96% 6.94% $138,800 $347,000 $694,000 $1,041,000 Utah 4.65% 5.24% 7.96% 7.20% 4.69% $93,800 $234,500 $469,000 $703,500 Vancouver 16.50% 10.68% 7.96% 7.20% 10.26% $205,200 $513,000 $1,026,000 $1,539,000 Vegas 0.00% 10.68% 7.96% 7.20% 3.50% $70,000 $175,000 $350,000 $525,000 Washington 10.90% 7.20% 7.20% 7.96% 7.54% $150,800 $377,000 $754,000 $1,131,000 Winnipeg 13.40% 5.24% 7.96% 7.20% 8.28% $165,600 $414,000 $828,000 $1,242,000 Some notes: - Home tax numbers taken from Turbotax. - I realise this isn't perfect. For example, single people pay a different rate vs married with children. That and this is based on their entire income, but the first ~200k is often in a lower bracket. It's just a rough guide. - Schedules are based on 41 home games, 13 divisional games, 12 inner-conference games, and 16 outer-conference games. The 'average' tax column is based on this (41xHome + 13xDiv + 12xIn + 16xOut) - Other average such as 'Division' is just an average of every team in that category.

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[ItWasJustified]

Nice.

 

[Satan]

capfriendly's had a tool to do these calculations for a few years now but i hope you had fun

Thank You - CapFriendly - NHL Salary Caps

Thank you for the amazing 9 years

www.capfriendly.com

 

[Jacob582]

I wonder if cost of living gobbles up a lot of this tax benefit. Not cheap to live in Florida between housing and insurance.

 

[Legion34]

Games are paid based on where you play. 41 games a year you'll be paying your home state income tax. The other 41 will be based on where game ins played. So I did a calculation on what that actually ammounts to. For example, Dallas players (no state tax) would still pay tax based on away games.

	Tax %	2 Million	5 Million	10 Million	15 Million
Dallas	2.79%	$55,800	$139,500	$279,000	$418,500
Nashville	2.79%	$55,800	$139,500	$279,000	$418,500
Florida	3.18%	$63,600	$159,000	$318,000	$477,000
Tampa Bay	3.18%	$63,600	$159,000	$318,000	$477,000
Vegas	3.50%	$70,000	$175,000	$350,000	$525,000
Philadelphia	4.33%	$86,600	$216,500	$433,000	$649,500
Pittsburgh	4.33%	$86,600	$216,500	$433,000	$649,500
Colorado	4.59%	$91,800	$229,500	$459,000	$688,500
Utah	4.69%	$93,800	$234,500	$469,000	$703,500
St.Louis	4.72%	$94,400	$236,000	$472,000	$708,000
Chicago	4.82%	$96,400	$241,000	$482,000	$723,000
Carolina	4.92%	$98,400	$246,000	$492,000	$738,000
Detroit	4.92%	$98,400	$246,000	$492,000	$738,000
Columbus	5.51%	$110,200	$275,500	$551,000	$826,500
Seattle	6.37%	$127,400	$318,500	$637,000	$955,500
Minnesota	6.83%	$136,600	$341,500	$683,000	$1,024,500
Boston	6.87%	$137,400	$343,500	$687,000	$1,030,500
Ottawa	6.94%	$138,800	$347,000	$694,000	$1,041,000
Toronto	6.94%	$138,800	$347,000	$694,000	$1,041,000
New Jersey	7.48%	$149,600	$374,000	$748,000	$1,122,000
New York I	7.54%	$150,800	$377,000	$754,000	$1,131,000
New York R	7.54%	$150,800	$377,000	$754,000	$1,131,000
Washington	7.54%	$150,800	$377,000	$754,000	$1,131,000
Buffalo	7.65%	$153,000	$382,500	$765,000	$1,147,500
Calgary	8.01%	$160,200	$400,500	$801,000	$1,201,500
Edmonton	8.01%	$160,200	$400,500	$801,000	$1,201,500
Winnipeg	8.28%	$165,600	$414,000	$828,000	$1,242,000
Anaheim	8.95%	$179,000	$447,500	$895,000	$1,342,500
Los Angeles	8.95%	$179,000	$447,500	$895,000	$1,342,500
San Jose	8.95%	$179,000	$447,500	$895,000	$1,342,500
Vancouver	10.26%	$205,200	$513,000	$1,026,000	$1,539,000
Montreal	12.10%	$242,000	$605,000	$1,210,000	$1,815,000

Note:
USA federal tax is 37%, where as in Canada it's 33%. For this reason, I lowered the Canadian teams taxes by 4% to make up the difference. Keep in mind the table below is just State taxes, so players still need to pay way more taxes than that - but this is a half-decent representation of the difference from one team to another, as federal is across the board.

Below is the full table if you want to see the more in-depth numbers. I added some more notes under it as well.

Home (41) Division (13) In-Conf (12) Out-Conf (16) Average 2 Million 5 Million 10 Million 15 Million Anaheim 13.30% 10.68% 7.96% 7.20% 8.95% $179,000 $447,500 $895,000 $1,342,500 Boston 9.00% 8.03% 7.20% 7.96% 6.87% $137,400 $343,500 $687,000 $1,030,500 Buffalo 10.90% 8.03% 7.20% 7.96% 7.65% $153,000 $382,500 $765,000 $1,147,500 Calgary 11.00% 10.68% 7.96% 7.20% 8.01% $160,200 $400,500 $801,000 $1,201,500 Carolina 4.50% 7.20% 7.20% 7.96% 4.92% $98,400 $246,000 $492,000 $738,000 Chicago 4.95% 5.24% 7.96% 7.20% 4.82% $96,400 $241,000 $482,000 $723,000 Colorado 4.40% 5.24% 7.96% 7.20% 4.59% $91,800 $229,500 $459,000 $688,500 Columbus 3.50% 7.20% 7.20% 7.96% 5.51% $110,200 $275,500 $551,000 $826,500 Dallas 0.00% 5.24% 7.96% 7.20% 2.79% $55,800 $139,500 $279,000 $418,500 Detroit 4.25% 8.03% 7.20% 7.96% 4.92% $98,400 $246,000 $492,000 $738,000 Edmonton 11.00% 10.68% 7.96% 7.20% 8.01% $160,200 $400,500 $801,000 $1,201,500 Florida 0.00% 8.03% 7.20% 7.96% 3.18% $63,600 $159,000 $318,000 $477,000 Los Angeles 13.30% 10.68% 7.96% 7.20% 8.95% $179,000 $447,500 $895,000 $1,342,500 Minnesota 9.85% 5.24% 7.96% 7.20% 6.83% $136,600 $341,500 $683,000 $1,024,500 Montreal 21.75% 8.03% 7.20% 7.96% 12.10% $242,000 $605,000 $1,210,000 $1,815,000 Nashville 0.00% 5.24% 7.96% 7.20% 2.79% $55,800 $139,500 $279,000 $418,500 New Jersey 10.75% 7.20% 7.20% 7.96% 7.48% $149,600 $374,000 $748,000 $1,122,000 New York I 10.90% 7.20% 7.20% 7.96% 7.54% $150,800 $377,000 $754,000 $1,131,000 New York R 10.90% 7.20% 7.20% 7.96% 7.54% $150,800 $377,000 $754,000 $1,131,000 Ottawa 9.16% 8.03% 7.20% 7.96% 6.94% $138,800 $347,000 $694,000 $1,041,000 Philadelphia 3.07% 7.20% 7.20% 7.96% 4.33% $86,600 $216,500 $433,000 $649,500 Pittsburgh 3.07% 7.20% 7.20% 7.96% 4.33% $86,600 $216,500 $433,000 $649,500 San Jose 13.30% 10.68% 7.96% 7.20% 8.95% $179,000 $447,500 $895,000 $1,342,500 Seattle 7.00% 10.68% 7.96% 7.20% 6.37% $127,400 $318,500 $637,000 $955,500 St.Louis 4.70% 5.24% 7.96% 7.20% 4.72% $94,400 $236,000 $472,000 $708,000 Tampa Bay 0.00% 8.03% 7.20% 7.96% 3.18% $63,600 $159,000 $318,000 $477,000 Toronto 9.16% 8.03% 7.20% 7.96% 6.94% $138,800 $347,000 $694,000 $1,041,000 Utah 4.65% 5.24% 7.96% 7.20% 4.69% $93,800 $234,500 $469,000 $703,500 Vancouver 16.50% 10.68% 7.96% 7.20% 10.26% $205,200 $513,000 $1,026,000 $1,539,000 Vegas 0.00% 10.68% 7.96% 7.20% 3.50% $70,000 $175,000 $350,000 $525,000 Washington 10.90% 7.20% 7.20% 7.96% 7.54% $150,800 $377,000 $754,000 $1,131,000 Winnipeg 13.40% 5.24% 7.96% 7.20% 8.28% $165,600 $414,000 $828,000 $1,242,000 Some notes: - Home tax numbers taken from Turbotax. - I realise this isn't perfect. For example, single people pay a different rate vs married with children. That and this is based on their entire income, but the first ~200k is often in a lower bracket. It's just a rough guide. - Schedules are based on 41 home games, 13 divisional games, 12 inner-conference games, and 16 outer-conference games. The 'average' tax column is based on this (41xHome + 13xDiv + 12xIn + 16xOut) - Other average such as 'Division' is just an average of every team in that category.

Signing bonuses all get paid in home market.

That’s why players who get full SB in no tax markets take less.

I wonder if cost of living gobbles up a lot of this tax benefit. Not cheap to live in Florida between housing and insurance.

???? If you are getting paid millions rent and propertytaxes aren’t going to ding you too much.

 

[ShootIt]

I wonder if cost of living gobbles up a lot of this tax benefit. Not cheap to live in Florida between housing and insurance.

All depends on which neighborhood they want to live in here.
Florida is getting expensive for locals, not so much millionaires

 

[DownIsTheNewUp]

The US Tax code is thousands of pages long, that doesn't include state and local taxes. Unless you know what these guys are doing with charitable giving, retirement accounts, and a million other things, you're not going to have any clue what any of them are paying in taxes.

 

[Jacob582]

???? If you are getting paid millions rent and propertytaxes aren’t going to ding you too much.

Sure, I agree.

But then higher tax rates shouldn't ding then much either.

 

[Legion34]

Sure, I agree.

But then higher tax rates shouldn't ding then much either.

You are talking about millions of dollars take home in income differences. Most of that will go into investments.



do you think hockey players are spending hundreds of thousands on toothpaste/clothes?

They don’t live paycheque to paycheque. Cost of living doesn’t affect them. Take home pay does

 

[KevinRedkey]

capfriendly's had a tool to do these calculations for a few years now but i hope you had fun

Thank You - CapFriendly - NHL Salary Caps

Thank you for the amazing 9 years

www.capfriendly.com

I don't think you quite understand what I posted, if that's what you think.

 

[KevinRedkey]

The US Tax code is thousands of pages long, that doesn't include state and local taxes. Unless you know what these guys are doing with charitable giving, retirement accounts, and a million other things, you're not going to have any clue what any of them are paying in taxes.

The entire premise is to see roughly the difference between one team and another. Not to calculate what each player will actually pay. I thought that was pretty clear.

 

[danisonfire]

I don't think you quite understand what I posted, if that's what you think.

I understood what you posted it was fine.

This is all part of Gary Bettman's evil plan to hold back the mighty Montreal Canadiens. /s

 

[HarrySPlinkett]

Sure, I agree.

But then higher tax rates shouldn't ding then much either.

They don’t.

I’m sure these guys have most of their money going right into index funds. They probably take a salary out of that, to the tune of however many hundreds of thousands of dollars, and the rest of the time their money is earning 15-20% doing nothing.

All the states with no state tax also offer things like weather and anonymity, which are often far more important to players than an extra few hundred grand here or there that will be made up in interest within a decade.

 

[Zirakzigil]

Player agents have stated that the actual differences are minimal. There are so many different tax breaks and ways to get around things. This is more of a media driven thing than anything else.

 

[josra33]

Player agents have stated that the actual differences are minimal. There are so many different tax breaks and ways to get around things. This is more of a media driven thing than anything else.

Not even media driven. It’s fanbase nonsense to make excuses why there team lost to another in stick puck

 

[ItWasJustified]

All the states with no state tax also offer things like weather and anonymity, which are often far more important to players

Yeah, I always wanted to be a NHL player as a kid so I could live in complete anonymity...

If a player chooses team because of that, just throw him in the fornicating garbage.

 

[HarrySPlinkett]

Yeah, I always wanted to be a NHL player as a kid so I could live in complete anonymity...

If a player chooses team because of that, just throw him in the fornicating garbage.

I don’t disagree, but clearly enough of them have figured out it’s pretty cool to make millions of dollars while being completely unrecognizable in public.

And unfortunately those teams keep making the finals and hanging banners.

 

[MadLuke]

I’m sure these players are all registered corporations, and most of their money goes right into index funds.

For an nhl player only their endorsement and other side gig can be used that way, but not for the teams salary.

Should NHL Players Open a Corporation? - Wealth Management | Retirement Planning for Canadians

[vc_row][vc_column][vc_video link="https://youtu.be/VdvTNRxlKl4" css=".vc_custom_1644946091219{padding-top: 20px !important;padding-bottom: 20px !important;}"][vc_column_text css=".vc_custom_1644944455867{padding-top: 20px !important;padding-bottom: 20px !important;}"]Tax Season: Part 5...

transcanadawealthmanagement.com

According to gpt ...THe NHL would consider circumventing the cap to pay a corporation instead of the player and player (say unlike actor on a movie that tend to do this) are really the opposite of independent contractors, but full on union-employees (that cannot even change employer or take a contract to play pro sport for a different team during the summer break) with health insurance, holidays, pension plan, etc... If they could do this, who could not ?

 

[HarrySPlinkett]

For an nhl player only their endorsement and other side gig can be used that way, but not for the teams salary.

Should NHL Players Open a Corporation? - Wealth Management | Retirement Planning for Canadians

[vc_row][vc_column][vc_video link="https://youtu.be/VdvTNRxlKl4" css=".vc_custom_1644946091219{padding-top: 20px !important;padding-bottom: 20px !important;}"][vc_column_text css=".vc_custom_1644944455867{padding-top: 20px !important;padding-bottom: 20px !important;}"]Tax Season: Part 5...

transcanadawealthmanagement.com

According to gpt ...THe NHL would consider circumventing the cap to pay a corporation instead of the player and player (say unlike actor on a movie that tend to do this) are really the opposite of independent contractors, but full on employees (that cannot even change employer) with health insurance, holidays, pension plan, etc... If they could do this, who could not ?

Fair enough.

They’re still hooked up with money guys who’ll make up the difference many times over by the time their careers are done, and long after they’ve stopped playing.

Or living, for that matter.

 

[Based Anime Fan]

As cool as this splooge of numbers is, it's kinda pointless.

Any competent accountant and financial planner could get players in all 32 markets paying about the same amount of tax. There's also many other factors that this does not account for.
Cool data collation though.

 

[MadLuke]

I wonder if cost of living gobbles up a lot of this tax benefit. Not cheap to live in Florida between housing and insurance.

I do not imagine Dallas to be particularly expensive versus say Toronto or Seatles, San Josee, Vancouver...

Maybe Florida hurricanes insurance is a bit high (but that quite financed by the states), player (and their family) have health insurance via their employers and I imagine a really good one, maybe some take extra ones but I would imaigne minimal differences.

 

[MadLuke]

Any competent accountant and financial planner could get players in all 32 markets paying about the same amount of tax. There's also many other factors that this does not account for.

Seem to me something easy to say, that a player in montreal can with a good planner pay the exact same than in a no tax state like Texas-Florida ?

Some taxes are harder to avoid, taking on the salary at the sources, house municipal taxes, I imagine on their sponsor deals for those who have and others side revenues, but the main salary one ?

 

[DownIsTheNewUp]

The entire premise is to see roughly the difference between one team and another. Not to calculate what each player will actually pay. I thought that was pretty clear.

But my point is that's actually not the difference between teams because that's not the rate the players are actually paying.

 

[x Tame Impala]

The entire premise is to see roughly the difference between one team and another. Not to calculate what each player will actually pay. I thought that was pretty clear.

Distinction without a difference considering all the blatantly obvious external factors at play here.

Just call it what it is, Canadian whining about something they don’t understand and perceive to be a handicap.

 

[HarrySPlinkett]

Seem to me something easy to say, that a player in montreal can with a good planner pay the exact same than in a no tax state like Texas-Florida ?

Some taxes are harder to avoid, taking on the salary at the sources, house municipal taxes, I imagine on their sponsor deals for those who have and others side revenues, but the main salary one ?

Something that equalizes things a bit for Canadian teams that never gets talked about is the USD factor.

All salaries are paid in USD - so when Jonathan Huberdeau signs an $84M contract, it’s actually $114M Canadian.

And while Huberdeau can obviously move wherever he wants when he’s done playing, he’s a citizen of Canada, and Canadian currency is probably what he’ll be using for most of his life.

So by minimizing his foreign tax obligations, and doing whatever sorcery rich folks use to avoid paying taxes, I’m sure the next hundred generations of Huberdeaus will be well taken care of.