Skinnyjimmy08
WorldTraveler
- Mar 30, 2012
- 22,827
- 12,615
So you're just gunna ignore the fact that its coming straight from players' mouths that taxes play a role? Okay...lol, 2 Cups in Florida over 17 years, the 2nd Florida team was a disaster due to terrible ownership. And Tampa had to go to 18 mil over the cap in the playoffs to get the 2nd one.
imo, the Canadian players had to go through the bubble playoffs and a whole season without fans and serious restrictions due to Covid where states in the US are wide open, seems to be the biggest reason to me. Tavares just left NYI to go to Toronto and lots of players went there and to teams in the north last off-season. If something is different now, seems to be the Covid response as the culprit.
could be way off base, but taxes ain’t it.
Some people don't want the government to control every aspect of their lives. Shocking, I know.
And water is wet, we’ve known this for decades
I am not a republican, and I am vaccinated.Haha. Oh you. I bet you are a republican. And not vaccinated.
These F'ing guys make millions to frickin play!
Millions to push a puck on a sheet of ice.
For those millions we the fans get charged hundreds to thousands of dollars to watch you PLAY.
So you better frickin believe I will chear you on when you're doing well and bash you when you are shitting the bed.
Millionaire bitches is what most of them are.
Never hear complaining when they are signing their contract.
This has been going on forever. If you are affected by this then you are not meant to play competitive sports in the public eye.
If I pay 400$ to be entertained and you lose 4-0 while coasting all night, yeah I'm going to bitch about you, the team, the coaches etc because I reserve that right as a paying customer.
GTFO of here with your don't want to play in Canada cause its hard... boo hoo hoo!
Ummmm how is it incorrect? I got the information directly from the government websites.Beowulf, that is incorrect.
Ontario's top rate is 53.53% on anything over $220,000. So that nails much of even what a league minimum salary is, and practically most of what you pay if you are on a mid level $4M contact. A star making $7 - 10 million is going to be paying that almost 54% on almost all of their salary, and they are probably being advised that it's probably going up to close to 60% depending on the fall election.
Actual marginal rates (you need to look at the combined Federal & Provincial table to understand the actual tax liability):
TaxTips.ca - Ontario Personal Income Tax Rates
I think the only players with COVID issues are like those idiots holding anti-lockdown rallies who have done enough mental gymnastics to convince themselves that it wasn't a big deal, or are just worried about border crossings and being away from family. The latter isn't really a very accurate way of portraying that issue.Wait. Are you saying Canada reacted poorly to Covid? I get the restrictions aren't - and still aren't ideal, but Canada was similar to the rest of the first world countries in their serious approach -- except for one. I acknowledge my bias here, but I'd think long and hard about how that one country and it's people reacted to the pandemic.
This has got to be sarcasm lolI mean Canada is okay but have you seen the US. Not a fair fight.
What's the social media aspect of that?
Ya no kidding. It's typical behavior in 2021.I am not a republican, and I am vaccinated.
Imagine thinking that some people not wanting to be controlled by their government as some sort of controversial opinion.
to the shock of no one, once again Canada's inferiority complex has managed to show itself
Ummm no...federal tax rates in Canada are below and is progressive so they don't pay the max on the whole amount they make, they pay the rate on the amount for each bracket. So saying it's a flat 51% is not really right. Most places in Canada are generally not all the much more than most places in the US and in some cases less. You also get a ton of social services in Canada that you would not get in the US you can argue a pro athlete might not care about those services but I think it depends on their situation. Not having to purchase health insurance if you have a wife and a few kids is a big savings.
And by province of territory
- 15% on the first $49,020 of taxable income, plus
- 20.5% on the next $49,020 of taxable income (on the portion of taxable income over 49,020 up to $98,040), plus
- 26% on the next $53,939 of taxable income (on the portion of taxable income over $98,040 up to $151,978), plus
- 29% on the next $64,533 of taxable income (on the portion of taxable income over 151,978 up to $216,511), plus
- 33% of taxable income over $216,511
Provincial and territorial tax rates (combined chart)
[TBODY] [/TBODY]
Provinces and territories Rates Newfoundland and Labrador 8.7% on the first $38,081 of taxable income, +
14.5% on the next $38,080, +
15.8% on the next $59,812, +
17.3% on the next $54,390, +
18.3% on the amount over $190,363Prince Edward Island 9.8% on the first $31,984 of taxable income, +
13.8% on the next $31,985, +
16.7% on the amount over $63,969Nova Scotia 8.79% on the first $29,590 of taxable income, +
14.95% on the next $29,590, +
16.67% on the next $33,820, +
17.5% on the next $57,000, +
21% on the amount over $150,000New Brunswick 9.68% on the first $43,835 of taxable income, +
14.82% on the next $43,836, +
16.52% on the next $54,863, +
17.84% on the next $19,849, +
20.3% on the amount over $162,383Quebec Go to Income tax rates (Revenu Québec Web site). Ontario 5.05% on the first $45,142 of taxable income, +
9.15% on the next $45,145, +
11.16% on the next $59,713, +
12.16% on the next $70,000, +
13.16% on the amount over $220,000Manitoba 10.8% on the first $33,723 of taxable income, +
12.75% on the next $39,162, +
17.4% on the amount over $72,885Saskatchewan 10.5% on the first $45,677 of taxable income, +
12.5% on the next $84,829, +
14.5% on the amount over $130,506Alberta 10% on the first $131,220 of taxable income, +
12% on the next $26,244, +
13% on the next $52,488, +
14% on the next $104,976, +
15% on the amount over $314,928British Columbia 5.06% on the first $42,184 of taxable income, +
7.7% on the next $42,185, +
10.5% on the next $12,497, +
12.29% on the next $20,757, +
14.7% on the next $41,860, +
16.8% on the next $62,937, +
20.5% on the amount over $222,420Yukon 6.4% on the first $49,020 of taxable income, +
9% on the next $49,020, +
10.9% on the next $53,938, +
12.8% on the next $348,022, +
15% on the amount over $500,000Northwest Territories 5.9% on the first $44,396 of taxable income, +
8.6% on the next $44,400, +
12.2% on the next $55,566, +
14.05% on the amount over $144,362Nunavut 4% on the first $46,740 of taxable income, +
7% on the next $46,740, +
9% on the next $58,498, +
11.5% on the amount over $151,978
Also people are arguing abut it here but the article I found on sportnet says ONE GM said that so take it for what it's worth.
10% | $0 to $9,875 | 10% of taxable income |
12% | $9,876 to $40,125 | $987.50 plus 12% of the amount over $9,875 |
22% | $40,126 to $85,525 | $4,617.50 plus 22% of the amount over $40,125 |
24% | $85,526 to $163,300 | $14,605.50 plus 24% of the amount over $85,525 |
32% | $163,301 to $207,350 | $33,271.50 plus 32% of the amount over $163,300 |
35% | $207,351 to $518,400 | $47,367.50 plus 35% of the amount over $207,350 |
37% | $518,401 or more | $156,235 plus 37% of the amount over $518,400 |
True , add in the weather, 6 months of winter in some places and Canada's political values which have certainly went to the far left lately. These are all factors.
See above tweet from Allan Walsh....Ya you're just proving that gm's point,
US Federal tax rate is (with A LOT MORE TAX DEDUCTIONS THAN CANADA):
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10% $0 to $9,875 10% of taxable income 12% $9,876 to $40,125 $987.50 plus 12% of the amount over $9,875 22% $40,126 to $85,525 $4,617.50 plus 22% of the amount over $40,125 24% $85,526 to $163,300 $14,605.50 plus 24% of the amount over $85,525 32% $163,301 to $207,350 $33,271.50 plus 32% of the amount over $163,300 35% $207,351 to $518,400 $47,367.50 plus 35% of the amount over $207,350 37% $518,401 or more $156,235 plus 37% of the amount over $518,400
Then add state income tax --- Florida 0, Pennsylvania (my state) 3.07 percent.
So you play for the penguins you get taxed (not including jock fees --- different story) 40.07 percent.
You play for Toronto you get taxed 46.16% with less write off potential. Montreal is way worse: 53.31% (including the federal rebate deduction).
That's 60,000 in savings PER Million. Crosby saves $570,000.00 by playing in Pittsburgh over Toronto.
Why would any player choose to make less money for himself and to set future generations of his family up for the foreseeable future?
People are surprised millionaires don't want to give their money away?
Yeah it's not about taxes. Players just don't want to live in the People's Republic of Canada.