WHY GOD WHY??? WHY DO PEOPLE KEEP REFERRING TO OTHER CONTRACTS AND REPEAT OVER AND OVER AND OVER AND OVER ..... this and that state dont have any tax. "calculate the net".
WHAT IS WRONG WITH THE WORLD TODAY.
Can no one do simple math?
simple as pie....
Mark Stone AAV $9,500,000 USD
No state tax in Nevada (TRUE)
Federal tax for someone living in Nevada (Effective Tax Rate) 36.59%
SO Mark Stone pays $3,476,250 in FEDERAL TAXES = $5,794,340 USD TAKE HOME PAY.
IN ONTARIO
Mark Stone AAV $9,500,000 USD (is $12,856,682.50 CAD)
Salary $12,856,682
Federal tax deduction - $4,219,979
Provincial tax deduction - $2,624,960
CPP deductions - $2,594
EI deductions - $858
Total tax - $6,848,391
Net pay * $6,008,287 CAD
NOW the comparison:
$5,794,340 USD
$6,008,287 CAD
its a difference of $1,833,396.12 if both values are converted to CAD.
Please stop talking about no tax states. Its NOT a huge seller when you make USD and live in Canada. Plus players have all sorts of ways to save on taxes and save millions over their careers. Agents, lawyers, and accountants, are very very smart people.
I personally hope the Leafs let Marner sign an offer sheet or trade him. Offer sheet gets you 4 1sts and a trade gets you 4 pieces.
After that the Leafs can use the money saved on Marner to sign Panarin or Karlsson or Trouba.
WIN-WIN for Leafs.