I could see people not wanting to play for a Canadian team for various reasons.
I remember Anthony Davis said he didnt want to play for the Raptors anymore b/c he wanted his kids to learn American customs and not Canadian customs.
Maybe some people want to have American TV.
Maybe some see Canada as a "foreign country".
On the flip side, Demar Derozan was PISSED when he left the raptors and Kyle Lowry had re-signed with the raptors so who knows??
I remember Anthony Davis said he didnt want to play for the Raptors anymore b/c he wanted his kids to learn American customs and not Canadian customs.
Maybe some people want to have American TV.
Maybe some see Canada as a "foreign country".
On the flip side, Demar Derozan was PISSED when he left the raptors and Kyle Lowry had re-signed with the raptors so who knows??
they are starting to avoid California teams for the same reason. https://www.delcotimes.com/news/sta...cle_7be14cea-40ac-5832-a07a-b6fa77f2a0bf.html or https://sports.yahoo.com/report-gia...ornia-taxes-made-tough-compete-230124281.html or https://www.theblaze.com/news/california-tax-rate-bryce-harper
state income tax rates are important but also toss in property taxes, city taxes, etc and it will certainly make players think twice about heading to NYC, CA and other places that have a population exodus going on.... Harper just pocketed an extra $30M in state taxes by signing for Philly and not San Fran
By moving away from Washington, D.C., which has a top income tax rate of 8.95 percent, Harper stands to save almost $10 million over the next 13 years thanks to Pennsylvania’s lower income tax rate of 3.07 percent.
If Harper indeed made his decision based on the highest offer, the Giants were on the cusp of besting the Phillies in terms of up-front value. The average value of their reported 12-year offer ($25.83 million) is slightly more than what Harper got in Philadelphia ($25.38 million). state taxes in California would have required the Giants to offer significantly more to compete in terms of money that actually ends up in Harper’s bank account.
Had Harper signed for the Giants for $310 million over 12 years, he would've owed California about $3.4 million in taxes per year — or over $41 million in taxes over the course of his contract.
By contrast, Pennsylvania has a flat tax rate of just 3.07 percent. If Harper ends up living in the Keystone State, he'll owe about $780,000 in taxes per year — or just over $10 million in taxes over the course of his Phillies' contract.
state income tax rates are important but also toss in property taxes, city taxes, etc and it will certainly make players think twice about heading to NYC, CA and other places that have a population exodus going on.... Harper just pocketed an extra $30M in state taxes by signing for Philly and not San Fran
By moving away from Washington, D.C., which has a top income tax rate of 8.95 percent, Harper stands to save almost $10 million over the next 13 years thanks to Pennsylvania’s lower income tax rate of 3.07 percent.
If Harper indeed made his decision based on the highest offer, the Giants were on the cusp of besting the Phillies in terms of up-front value. The average value of their reported 12-year offer ($25.83 million) is slightly more than what Harper got in Philadelphia ($25.38 million). state taxes in California would have required the Giants to offer significantly more to compete in terms of money that actually ends up in Harper’s bank account.
Had Harper signed for the Giants for $310 million over 12 years, he would've owed California about $3.4 million in taxes per year — or over $41 million in taxes over the course of his contract.
By contrast, Pennsylvania has a flat tax rate of just 3.07 percent. If Harper ends up living in the Keystone State, he'll owe about $780,000 in taxes per year — or just over $10 million in taxes over the course of his Phillies' contract.
they are starting to avoid California teams for the same reason. https://www.delcotimes.com/news/sta...cle_7be14cea-40ac-5832-a07a-b6fa77f2a0bf.html or https://sports.yahoo.com/report-gia...ornia-taxes-made-tough-compete-230124281.html or https://www.theblaze.com/news/california-tax-rate-bryce-harper
state income tax rates are important but also toss in property taxes, city taxes, etc and it will certainly make players think twice about heading to NYC, CA and other places that have a population exodus going on.... Harper just pocketed an extra $30M in state taxes by signing for Philly and not San Fran
By moving away from Washington, D.C., which has a top income tax rate of 8.95 percent, Harper stands to save almost $10 million over the next 13 years thanks to Pennsylvania’s lower income tax rate of 3.07 percent.
If Harper indeed made his decision based on the highest offer, the Giants were on the cusp of besting the Phillies in terms of up-front value. The average value of their reported 12-year offer ($25.83 million) is slightly more than what Harper got in Philadelphia ($25.38 million). state taxes in California would have required the Giants to offer significantly more to compete in terms of money that actually ends up in Harper’s bank account.
Had Harper signed for the Giants for $310 million over 12 years, he would've owed California about $3.4 million in taxes per year — or over $41 million in taxes over the course of his contract.
By contrast, Pennsylvania has a flat tax rate of just 3.07 percent. If Harper ends up living in the Keystone State, he'll owe about $780,000 in taxes per year — or just over $10 million in taxes over the course of his Phillies' contract.
The numbers there are off because he only pays the 13.3% for games that are played in the state of CA.
The difference in playing for Philly/CA teams is around 11-12 mill over the life of the respective deals rather than 31 mill.
https://www.foxbusiness.com/persona...t-how-it-compares-to-other-offers-after-taxes
that's just TODAY's rate ... you know it won't be going down. 15 years ago it was 9.3 and now it is 13.3 ... NY/NJ/CT (places where NY-based would live) are way up (NJ doubled) and now Chicago is coming. Illinois jumped to 5% but are looking to change this flat tax to a, ahemm, "fair tax", which would mean these well-paid athletes will get screwed. And they will push through before july 1 and they want it to at least equal, or surpass, the neighboring states which are at 8% and 9% for decent earners. So expect it to be 10% or right up to it (9.98%?)
the science of taking other people's money
I think they actually pay taxes based on where they play. So if they play for Minnesota and they have a road game in Milwaukee they pay taxes in Wisconsin for that portion of their salary.
Something tells me I read this along time ago.
Therefore the difference becomes much less. I also remember reading that Toronto had to pay more mostly because of the exchange rate than the tax rate.
Something tells me I read this along time ago.
Therefore the difference becomes much less. I also remember reading that Toronto had to pay more mostly because of the exchange rate than the tax rate.
Can't believe the Canadians tax more than CA, not sure though. Income tax rate around 50% + for CA residents at the highest levels
They used to avoid the exchange rate, but that gap as been closed in recent years
They used to avoid the exchange rate, but that gap as been closed in recent years
The resident state always taxes 100% of income for full year residents. But they give a credit for taxes paid on income earned in other states.
So CA athletes will pay the max rate on all their income, be it to CA alone or to CA and some other state.
If you want to minimize your tax consequences, play and live in states like TX & FL
So CA athletes will pay the max rate on all their income, be it to CA alone or to CA and some other state.
If you want to minimize your tax consequences, play and live in states like TX & FL
think its multi-factorial. If you're super elite and can pick and choose where you want to play other factors often play a role. Who wouldnt want to live in California during the winter months rather than the east coast? Gotta put the golf clubs away on the east coast. 
.... John Tavares turned down more money from the NY Islanders to head back home and play for The Leafs.
a guy like Harper? are you fuckin kidding me? He has enough money for multiple lifetimes. It would take a severe moron to blow through the monies he's making ...whether he plays in Texas or California. Cmon now, he can put $10,000,000 into fixed income tax free muni bonds at 3% or so and yield just under FIVE TIMES the average US household income. concerned with taxes? lol. Heck the yield on that fixed income portfolio would be just under what the average top 1% earners make IN USA....geez.......
.... John Tavares turned down more money from the NY Islanders to head back home and play for The Leafs. a guy like Harper? are you fuckin kidding me? He has enough money for multiple lifetimes. It would take a severe moron to blow through the monies he's making ...whether he plays in Texas or California. Cmon now, he can put $10,000,000 into fixed income tax free muni bonds at 3% or so and yield just under FIVE TIMES the average US household income. concerned with taxes? lol. Heck the yield on that fixed income portfolio would be just under what the average top 1% earners make IN USA....geez.......
In the NHL, all salaries are in USD. I imagine it to be the same for NBA and MLB.
We pay more tax, because our government services (Health care) are less expensive, and often free.
Our highways are paved as well lol. I drove from Detroit to Toledo once. Could not believe what a shit hole that highway was.
Of course they don’t.
cold weather, no gangs, gun laws, not as many homeboys/gangbangers. And girls there arent worries about being labeled “ racist” like they are here. Our sluts have white guilt which tie homeboys prey on.
there needs to be some kind of degree of forced sterilization in this country. The wrong ones are having kids at alarming rates
cold weather, no gangs, gun laws, not as many homeboys/gangbangers. And girls there arent worries about being labeled “ racist” like they are here. Our sluts have white guilt which tie homeboys prey on.
there needs to be some kind of degree of forced sterilization in this country. The wrong ones are having kids at alarming rates
And this is also why the raptors will never truly compete for an nba championship.
they had the perfect storm. Drafting a 19 year with tons of talent and a big heart that loved the place. But it’s just not enough. You need 3-4 of him. No big money free agents want to go to Canada.
they are a year or 2 of going straight back to the lottery
they had the perfect storm. Drafting a 19 year with tons of talent and a big heart that loved the place. But it’s just not enough. You need 3-4 of him. No big money free agents want to go to Canada.
they are a year or 2 of going straight back to the lottery
