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 Oilers » Mike Green Opts out of Return-To-Play
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 Re: Mike Green Opts out of Return-To-Play [message #765438 is a reply to message #765437 ]
Fri, 14 August 2020 15:53 Go to previous messageGo to previous message
Adam  is currently offline Adam
Messages: 6845
Registered: August 2005
Location: Edmonton, AB

6 Cups

One more interesting article:

https://www.taxpayer.com/media/CTF-HomeIceDisadvantage.pdf

Quote:


EXECUTIVE SUMMARY
• In 2013-14 players for the Montreal Canadiens paid the
highest taxes with a tax rate of 53.9% and the Calgary
Flames paid the lowest team tax rate of 38.2%.
• Calgary Flames and Edmonton Oilers tied for the lowest
jurisdictional tax rate at 38.5% with the Florida, Texas and
Tennessee teams close behind at 40.5%.
• The Calgary Flames and Edmonton Oilers true cap – after
tax cap – was a league high of $39.6 million.
• The Montreal Canadiens true cap was a league low of only
$29.6 million.
• Having a no trade clause give players the power to avoid
being sent to high tax jurisdictions. Jason Spezza’s tax
savings by moving from Ottawa to Dallas are $394,732.
• Player’s without no-trade clauses could get a big take home
pay cut when traded to a high tax jurisdiction. PA Parenteau
will have to pay $349,535 more taxes after moving from
Colorado to Montreal.
• 57% of Unrestricted Free Agents who moved teams went to
teams with lower taxes.
• Benoit Pouliot will save the most taxes moving from the
New York Rangers to the Edmonton Oilers. If he had signed
the same deal in New York he would have had to pay
$575,752 more in taxes.
E


This is from 2013-14, before both provincial and federal governments increased their tax rates, so we are no longer the best tax jurisdiction for hockey players.

It would be really interesting to see the effective after tax salary cap each year.



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Read Message Mike Green Opts out of Return-To-Play
By: smyth260 on Sat, 11 July 2020 17:41
Read Message Re: Mike Green Opts out of Return-To-Play
By: Kr55 on Sat, 11 July 2020 17:55
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By: Adam on Sat, 11 July 2020 20:02
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By: Kr55 on Sat, 11 July 2020 21:49
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By: Skookum Jim on Sun, 12 July 2020 02:24
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By: CrudeRemarks on Sun, 12 July 2020 10:19
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By: Kr55 on Sun, 12 July 2020 12:34
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By: Skookum Jim on Sun, 12 July 2020 19:47
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By: Adam on Sun, 12 July 2020 21:13
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Read Message Re: Mike Green Opts out of Return-To-Play
By: Adam on Mon, 13 July 2020 00:24
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By: RDOilerfan on Mon, 13 July 2020 06:27
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