DistantThunderRep
Registered User
- Mar 8, 2018
- 20,335
- 17,434
Because I know you wouldn't even bother looking.Just dropping this here for anyone who tries to downplay the tax advantage.
This is just a basic level of one thing a player does to lower tax burdens. It gets massively more complicated when residency comes into play. But you know what complicates the situation the most? THE FREAKING CRA. For example Canada and the State of California doesn't have a tax treaty. When Kawhi Leonard was offered a contract by the Raptors, as a resident of California, he would have had to pay Canadian Taxes, Ontario Taxes, California Taxes, and US Federal Taxes. Because there is No Treaty with California, his effective Income Tax would have been about 68%. How is this the Raptors or NBA's problem? This is a problem with the State of California and Canada.
You have a problem, go cry to Parliament and your local MP and tell them that you want to lower taxation on your millionaire hockey players to cover for absolute terrible management.