An actual breakdown on taxes per team

[Based Anime Fan]

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 ?

Well, people in Texas and Florida still pay Federal taxes.

 

[MadLuke]

Well, people in Texas and Florida still pay Federal taxes.

And on away game (away game use that remote tax jurisdictions I think and part of what make the gap lower than it could be), but here the Montreal-San Josee player also pay federal taxes...

 

[DistantThunderRep]

You know it's bad when the Beaverton starts clowning on Canadian fans

“Teams in states with no income tax have an unfair advantage” says adorable rube who thinks NHL players pay tax like normal people

 

[DistantThunderRep]

Well, people in Texas and Florida still pay Federal taxes.

I wonder why only Texas and Florida get mentioned when there are other teams that have no state income tax? It's like when teams have good management and better lifestyles, players want to sign there and go there.

 

[cowboy82nd]

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

I thought that was Montreal's plan???

 

[JianYang]

I wonder why only Texas and Florida get mentioned when there are other teams that have no state income tax? It's like when teams have good management and better lifestyles, players want to sign there and go there.

It's alot to do with compeitive cycles and where teams are at within it. When the downswing happens, then it gets much harder to recruit anywhere, and on the flipside, when you are on the other end of the spectrum, many markets look that much more attractive.


"Better lifestyle" is subjective, but I'm sure the anonymity of playing in some markets can be very attractive.

 

[Mickey the mouse]

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.

BULLSHlT

 

[DistantThunderRep]

It's alot to do with compeitive cycles and where teams are at within it. When the downswing happens, then it gets much harder to recruit anywhere, and on the flipside, when you are on the other end of the spectrum, many markets look that much more attractive.


"Better lifestyle" is subjective, but I'm sure the anonymity of playing in some markets can be very attractive.

People didn't want to sign in Florida until they got good, management got better, and ownership was stable. Same with Tampa, no one wanted to sign in their shit show until Koules and Barrie were out the door. I am just saying, there are a bunch of morons who just think "HERPA A DERPA DOOOOO, IT MUST BE THE TAXES!!!!!" All because they believed some stupid ass talking heads on TSN and Sportsnet.

Its absolutely baffling that no one else but idiots on TSN and Sportsnet in Canada whine and bitch about taxes, when NO OTHER professional league in North America complains. Hell the NBA found Canadian RCA's such a tax advantage, they barred Toronto (And the Grizz when they were around) from offering it to players as a way to entice them.

BULLSHI#

Allan Walsh has publicly said that the Tax talk is completely overblown. Also why do you think not a single other professional league cries as much as pathetic canadian hockey fans (I live in Vancouver, so I am exposed to the crying a lot) about Taxes? You would think the Yankees would be bitching about the Marlins, Rangers, Rays, Mariners, etc... having an advantage?

 

[Based Anime Fan]

Allan Walsh has publicly said that the Tax talk is completely overblown. Also why do you think not a single other professional league cries as much as pathetic canadian hockey fans (I live in Vancouver, so I am exposed to the crying a lot) about Taxes? You would think the Yankees would be bitching about the Marlins, Rangers, Rays, Mariners, etc... having an advantage?

He has an entire podcast episode about athlete taxes and stuff with a current NHLPA approved accountant

 

[Frank Drebin]

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.

114m Canadian is 1.46B Mexican pesos

 

[SoupNazi]

BULLSHlT

What a great response.

 

[Mirka the Turka]

These cities with high tax rates should pay the price in sports. There should be no lee-way by the NHL. Just like your impacting businesses with your high tax rates should be the same reason why your sports teams aren't doing well.

 

[DudeWhereIsMakar]

I think they need to do something with taxes and the salary cap. Say a player is traded from California to Florida, they reduce their salary or vice-verse they increase it. I like the idea because it makes it so a player doesn't sign because of the tax cut. Because that's one big factor in the game right now. Or they just raise their salaries if they get traded from Vegas to New York by what's owed in taxes.

 

[Jyrki]

You know it's bad when the Beaverton starts clowning on Canadian fans

“Teams in states with no income tax have an unfair advantage” says adorable rube who thinks NHL players pay tax like normal people

On point. People in here still looking to take away from good teams doing well. When Gretzky signed with LA, or when all three Cali teams were powerhouses, was anyone telling them to pay a "nice weather" or "Hollywood" tax?

 

[DistantThunderRep]

On point. People in here still looking to take away from good teams doing well. When Gretzky signed with LA, or when all three Cali teams were powerhouses, was anyone telling them to pay a "nice weather" or "Hollywood" tax?

The last line of the article is very poignant:

"In related news, Florida also had no state income tax for all the years the Panthers were terrible."

 

[tarheelhockey]

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

High property and sales taxes can absolutely offset a low income tax, if you’re a person who owns property (which most established NHL players do).

Texas has FAR higher property taxes than California. And there’s no “jock tax” effect to this… the Stars players who own homes there are paying full freight on that rate, regardless how many days a year they actually spend there.

The map of sales taxes in the USA is probably not what people think it is.

https://taxfoundation.org/wp-conten...ates-2022-state-and-local-sales-tax-rates.png

One of the deeply deceptive political dynamics in the USA is the idea that tax burdens are radically different between states. In reality they’re almost all within a range of about 5% of each other at the state and local level, and federal taxes are consistent across the board, so the overall tax burden across states is only minimally different. The political difference is that some places tout a lack of income tax, justified behind the principle of “small government” (which translates to poor public services). In reality, they’re medium-tax environments which simply don’t have good public services.

 

[Legion34]

These cities with high tax rates should pay the price in sports. There should be no lee-way by the NHL. Just like your impacting businesses with your high tax rates should be the same reason why your sports teams aren't doing well.

You do realize the league imposed a cap right? It’s not their choice to have a budget

High property and sales taxes can absolutely offset a low income tax, if you’re a person who owns property (which most established NHL players do).

Texas has FAR higher property taxes than California. And there’s no “jock tax” effect to this… the Stars players who own homes there are paying full freight on that rate, regardless how many days a year they actually spend there.

The map of sales taxes in the USA is probably not what people think it is.

https://taxfoundation.org/wp-conten...ates-2022-state-and-local-sales-tax-rates.png

One of the deeply deceptive political dynamics in the USA is the idea that tax burdens are radically different between states. In reality they’re almost all within a range of about 5% of each other at the state and local level, and federal taxes are consistent across the board, so the overall tax burden across states is only minimally different. The political difference is that some places tout a lack of income tax, justified behind the principle of “small government” (which translates to poor public services). In reality, they’re medium-tax environments which simply don’t have good public services.

Marc Mehot. Openly stated he made 700k more take home per year on a 4.9 million dollar salary in Dallas compared to Ottawa.

You think you would pay 700k more per year in property tax?

Also. You can choose your house. You can choose to rent. You cannot choose your tax rate. The NHL didn’t make a property tax cap. They made a salary cap. Make the system you imposed fair.

 

[MadLuke]

High property and sales taxes can absolutely offset a low income tax, if you’re a person who owns property (which most established NHL players do).

Texas has FAR higher property taxes than California.

In home value percentage, if the home are cheaper, that can end up being lower taxes.

According to google, Dallas median listing is $480k, median sold price was $390k

In San josee it would be $1.3M and $1.5M, Toronto average seem to be $1.15m, 1.3 not sure for the median, for semi detached the median was 1 million can.

 

[tarheelhockey]

You do realize the league imposed a cap right? It’s not their choice to have a budget




Marc Mehot. Openly stated he made 700k more take home per year on a 4.9 million dollar salary in Dallas compared to Ottawa.

You think you would pay 700k more per year in property tax?

Between high property AND high sales tax, you can eat away that $700K pretty damn fast living an NHL lifestyle. Methot was referring to his income tax bill, not the total cost of living.

And FWIW, Dallas has gotten a lot more expensive since he played there pre-COVID. So has Florida and the rest of the sunbelt. I actually remember attending a meeting in Raleigh circa 2020 when my VP noted that we could no longer recruit from NY based simply on cost of living. It’s not as simple as “low income tax = more money”.

Also. You can choose your house. You can choose to rent. You cannot choose your tax rate. The NHL didn’t make a property tax cap. They made a salary cap. Make the system you imposed fair.

An NHL player would have to be pretty stupid to rent long-term.

 

[tarheelhockey]

Texas has FAR higher property taxes than California.

In home value percentage, if the home are cheaper, that can end up being lower taxes.

According to google, Dallas median listing is $480k, median sold price was $390k

In San josee it would be $1.3M and $1.5M, Toronto average seem to be $1.15m, 1.3 not sure for the median, for semi detached the median was 1 million can.

You’re comparing areas that are experiencing a housing crisis to an area that isn’t. And comparing some of the most desirable urban-core real estate on the continent to a much larger area that’s almost entirely suburban. And ignoring the massive difference in economy between suburban Dallas and Silicon Valley.

In any event, the fact remains that for every $1 you spend on a house in these markets, over twice as much of that dollar gets eaten by property taxes in TX than in CA. For people living in the TX economy, that stings. The idea of TX as a no-tax state is smoke and mirrors. The actual tax savings of TX vs CA is only about 2% on local taxes, and none on federal.

 

[DistantThunderRep]

You’re comparing areas that are experiencing a housing crisis to an area that isn’t. And comparing some of the most desirable urban-core real estate on the continent to a much larger area that’s almost entirely suburban. And ignoring the massive difference in economy between suburban Dallas and Silicon Valley.

In any event, the fact remains that for every $1 you spend on a house in these markets, over twice as much of that dollar gets eaten by property taxes in TX than in CA. For people living in the TX economy, that stings. The idea of TX as a no-tax state is smoke and mirrors. The actual tax savings of TX vs CA is only about 2% on local taxes, and none on federal.

People thinking multi millionaires be buying a $400K house. I live in Vancouver, so housing is a luxury, not a right. My 1200 sqft townhouse is worth more than 90% of the entire US housing market. I would kill for a Bojangles. This an irrelevant post, just like how this tax advantage talk is. Let's see what the NBA, MLB, MLS, and NFL say about this supposed tax advantage...

 

[MadLuke]

You’re comparing areas that are experiencing a housing crisis to an area that isn’t. And comparing some of the most desirable urban-core real estate on the continent to a much larger area that’s almost entirely suburban. And ignoring the massive difference in economy between suburban Dallas and Silicon Valley.

Not sure to follow here, the question is where it is more expensive to live, we can go in details to why best climate on earth with great economy like silicon valley would be...

But, ignoring ? is it relevant, say why tax are different, gaz, car matriculation or house or electricity price, to the discussion ?

In any event, the fact remains that for every $1 you spend on a house in these markets, over twice as much of that dollar gets eaten by property taxes in TX than in CA. For people living in the TX economy, that stings.

Only if the house are not about twice as cheap, if so it does not and if they are more than twice as cheap maybe their property tax bill is cheaper.

eople thinking multi millionaires be buying a $400K house.

why say something like that ? (some do by the way), had more in mind player in dallas buy 1.2 million house while player in more expensive market buy 2.5 million house.

 

[DistantThunderRep]

Only if the house are not about twice as cheap, if so it does not and if they are more than twice as cheap maybe their property tax bill is cheaper.

So you think a millionaire hockey play is going to bug a regular ass house in Texas for $500K and not buy a $1M or higher house in a gated community?

why say something like that ? (some do by the way), had more in mind player in dallas buy 1.2 million house while player in more expensive market buy 2.5 million house.

Again, it's about property tax. If the property tax is vastly higher in Texas, imagine how much it would be on a $1M house in Texas.

 

[MadLuke]

So you think a millionaire hockey play is going to bug a regular ass house in Texas for $500K and not buy a $1M or higher house in a gated community?

more in mind player in dallas buy 1.2 million house while player in more expensive market buy 2.5 million house.

It is not really relevant how much the player in San Josee-Vancouver-Toronto-New York pay versus Nasvhille, Dallas or Tampa bay, we are talking about how much more it cost one versus the other in ratio.

Again, it's about property tax. If the property tax is vastly higher in Texas, imagine how much it would be on a $1M house in Texas.

A percentage of the house value, say the tax is 7% in Dallas while 3% in San Josee

1 million * 7% = $70k
2.5 million * 3% = $75k

yes there reason why the 2.5 million cost more, more gentle and nicer climate, more people find the region nicer to leave and so on but there also a Dallas can sprawl and do sprawl more and has less a supply problem of housing going on, regardless the important price is the actual amount you pay in taxes, not the proportion.

 

[DistantThunderRep]

more in mind player in dallas buy 1.2 million house while player in more expensive market buy 2.5 million house.

It is not really relevant how much the player in San Josee-Vancouver-Toronto-New York pay versus Nasvhille, Dallas or Tampa bay, we are talking about how much more it cost one versus the other in ratio.

A lot, and I mean a lot of players, don't live in the city they play in. Players avoid making their place of residency the city they play for, especially if there is high taxes. A lot of players do also stay in the cities they play.

Example, Auston Matthews. He still lives in Arizona and is considered a resident of Arizona. His bonus is paid and taxed in Arizona. Tavares was a resident of New York while playing there. He moved back to Toronto when he signed and is now being sued by the Canadian Government because he didn't pay Canadian taxes on signing bonus. The government argued he was a Canadian resident when he signed, he's fighting it now saying he wasn't because he was still a resident of New York.

These kind of situations are super common in the contracts people bitch about (Star contracts). Cost of Living, Property Tax, Sales Tax, education, climates, etc are all taken into account for contracts.