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Alternatively, in canada, he won't go to jail if he gets caught using creative accounting to avoid paying any taxes at all.
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Jul 6, 2017 03:10
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Zodijackylite posted:McDavid would've kept $8.4m more dollars after tax if he signed in Nashville/Florida/Dallas, or $5.3m less if he signed in Montreal. Dollars taken home isn't the only thing players care about except Radulov That's not how taxes work in pro sports.
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Jul 6, 2017 03:24
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Powershift posted:Alternatively, in canada, he won't go to jail if he gets caught using creative accounting to avoid paying any taxes at all. Yeah. I mean, Radulov apparently wanted to lessen the amount of Accountant's fees he wanted to pay. Connor could probably afford the best and still come out ahead.
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Jul 6, 2017 03:25
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Kilza posted:https://twitter.com/mirtle/status/882748291083063296 Nice to see Zach Hyman make good on what is almost certainly the only multi-year contract he's ever going to see.
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Jul 6, 2017 03:26
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Darude - Adam Sandstorm posted:That's not how taxes work in pro sports. That's not what a calculator I found with Google said, while trying to throw out some numbers against dumb arguments to fend off my offseason longing for hockey.
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Jul 6, 2017 03:44
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Zodijackylite posted:That's not what a calculator I found with Google said, while trying to throw out some numbers against dumb arguments to fend off my offseason longing for hockey. Google lied; cap space died.
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Jul 6, 2017 04:07
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Pekka Rinne wrote an article for the Players Tribune. Nothing groundbreaking, but a nice read regardless. But it reminded me of how great PK is and now I'm rewatching his hospital videos and he is the best.
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Jul 6, 2017 05:04
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my understanding is that income earned in different states is taxed according to those states also. i dunno what you are using but capfriendly has a calculator and you can just plug in a number and i don't think it's entirely accurate because of that. i'm not a cpa or whatever so feel free to correct me, it'd be interesting to know the entire story https://en.wikipedia.org/wiki/Jock_tax
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Jul 6, 2017 05:24
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I feel like you're still getting a somewhat significant difference even if only half of your games are taxed at a Texas rate vs a Quebec rate. I could be wrong though.
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Jul 6, 2017 06:46
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Look Around You posted:I feel like you're still getting a somewhat significant difference even if only half of your games are taxed at a Texas rate vs a Quebec rate. I could be wrong though. I feel like a significant part of that difference is the reduction in lawyers and accountants you need to effectively offshore your money.
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Jul 6, 2017 07:22
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hifi posted:my understanding is that income earned in different states is taxed according to those states also. i dunno what you are using but capfriendly has a calculator and you can just plug in a number and i don't think it's entirely accurate because of that. i'm not a cpa or whatever so feel free to correct me, it'd be interesting to know the entire story Re: Radulov there's also this, though I'm not an accountant or a tax/immigration lawyer, so who knows: https://twitter.com/walsha/status/881919341125652480
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Jul 6, 2017 08:07
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Good news! There's an athlete management group that's already done all the math for us http://gavingroup.ca/personal-income-tax-rates-in-nhl-cities/ Alberta's total tax burden on the wealthy has risen from 39% to 48% over the last 5 years, dropping them from #1 in the league to near the bottom. Using his $12.5m on that website, it comes out as: Anaheim -$574k Arizona $498k Boston $427k Buffalo -$15k Calgary $0 Carolina $346k Chicago $596k* Colorado $486k Columbus $130k Dallas $1,065k Detroit $233k Edmonton $0k Florida $1,065k LA -$574k Minnesota $162k Montreal -$669k Nashville $1,065k New Jersey -$40k Islanders -$16k Rangers -$547k Philly -$192k Pittsburgh $306k Ottawa -$686k San Jose -$574k St Louis $190k Tampa $1,065k Toronto -$685k Vancouver $35k caps -Washington -$49k caps -Virgina -$347k Winnipeg -$305k That also means Subban would pay $1.25m less in Nashville than Montreal. Webber over $1m more. Eberle would have paid $519k more in his last year on the oilers than his first. This is all assuming any of them pay taxes at all.
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Jul 6, 2017 09:00
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Just shuttle it all off to the Caribbean, it worked well for major European soccer stars especially in Spain. Also the hockey ladies in the ESPN naked magazine have some serious booty 
bewbies fucked around with this message at 14:08 on Jul 6, 2017 |
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Jul 6, 2017 14:05
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When I loved in the D.C. Area and worked in DC lived in Virginia or Maryland the deal was you paid taxes based on where you lived not where you worked. Dunno if it's the same for athletes
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Jul 6, 2017 14:16
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Levitate posted:When I loved in the D.C. Area and worked in DC lived in Virginia or Maryland the deal was you paid taxes based on where you lived not where you worked. Dunno if it's the same for athletes I'm sure there's all kinds of creative accounting you can get into. I think it works that way with corporations as well (they pay where they're based out of rather than where they have branches or whatever) which is why they all have Delaware PO boxes. At the same time, when it comes to millions/billions of dollars I'm sure the state/federal/provincial economies have found a way to get their hands in on some of that.
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Jul 6, 2017 14:24
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bewbies posted:Also the hockey ladies in the ESPN naked magazine have some serious booty Salty is at least better than creepy. go back to that pls
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Jul 6, 2017 14:36
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Levitate posted:When I loved in the D.C. Area and worked in DC lived in Virginia or Maryland the deal was you paid taxes based on where you lived not where you worked. Dunno if it's the same for athletes Pro athletes get paid on where they work.
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Jul 6, 2017 15:05
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DJExile posted:Salty is at least better than creepy. go back to that pls the guy's name is - get this - "bewbies"
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Jul 6, 2017 15:20
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a false posted:the guy's name is - get this - "bewbies" That does seem to be true but I'm not sure we can trust this guy.
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Jul 6, 2017 15:21
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DC is in a special situation. It has agreements with MD and VA about taxes so that you only pay as a resident of either MD or VA unless you actually live in DC part-time. Most other places don't do that and there are different rules for different states and localities regarding non-resident and part-time resident taxes and some have special rules specifically regarding pro athletes. Since the NHL pays on a per-game basis, residency is a 50-ish% part of tax burden calculations so it's a big deal, but the overall math is pretty complicated.
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Jul 6, 2017 15:28
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There will be some differences between the sports I imagine, but two years ago someone leaked a photo of Pittsburgh Pirates player Andrew McCutchen and it shows how he paid Pennsylvania taxes plus some in cities from road games. http://deadspin.com/lets-take-a-look-at-andrew-mccutchens-pay-stub-1706188663 NHL players probably deal with similar situations.
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Jul 6, 2017 15:34
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DJExile posted:Salty is at least better than creepy. go back to that pls I don't think the attractive ladies who voluntarily posed nude in a magazine need you to white knight for them. Also it looks like Phoenix is going with Noted Good Guy Tocchet instead of hockey genius Todd Nelson which is really stupid.
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Jul 6, 2017 15:50
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i love to jack off
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Jul 6, 2017 15:51
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Jamwad Hilder posted:i love to jack off More details please.
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Jul 6, 2017 16:00
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Darude - Adam Sandstorm posted:Pro athletes get paid on where they work. Not every jurisdiction has a jock tax, but most do. It's quite complicated and at times on shaky legal grounds. Several journeymen have made extra money by filing their teammates' tax returns for them. Most athletes have a financial adviser and it's not difficult to write off a bunch of crap like TVs (for watching game tape) and hot tubs (for recuperation) as business expenses. Taxes are obviously a major concern for players, but they can be minimized pretty easily with a decent accountant. Athletes are as susceptible to misinformation as anyone else and end up getting suckered into high fee investments. They're for the most part new money (Mike Comrie and Zach Hyman aside) and have little to no education or motivation to learn about their finances, and end up entrusting the myriad of predatory individuals who circle the rich and foolish. They go broke because of major overspending and getting swindled, not taxes. You're dealing with uneducated farm boys who have no concept of where their money goes and get taken for a ride like this: quote:Consider some misleading facts: The average NHL career is five-and-a-half years long and the average NHL salary is $2.4 million. So the average guy should have a total of $13.2 million at the end of his playing days. That’s more than enough to live happily ever after. https://www.theplayerstribune.com/the-new-avery-rule/ Any excuse to post the New Avery Rule article because it's my favourite
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Jul 6, 2017 16:02
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bewbies posted:I don't think the attractive ladies who voluntarily posed nude in a magazine need you to white knight for them. this guy loves the boobs on women so much that he named himself after the concept of them, on the internet
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Jul 6, 2017 16:11
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[whilst being approached by the police for jacking off on the beach] these fuckin white knights are always trying to ruin my completely normal appreciation of the female form
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Jul 6, 2017 16:21
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Jul 6, 2017 16:23
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The ESPN body issue is meant to celebrate the human athletic form academically, not boobs or butts or dongs. Please control yourselves.
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Jul 6, 2017 16:25
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but the women...and the men...theyre not wearing clothes! ahhhh i want to jack off right now on this bus just thinking about it
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Jul 6, 2017 16:32
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Jamwad Hilder posted:but the women...and the men...theyre not wearing clothes! ahhhh i want to jack off right now on this bus just thinking about it How about no.
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Jul 6, 2017 16:35
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Conversely my wife was not particularly interested in either Burns or Thornton, not sure why. edit - she likes the baseball guy
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Jul 6, 2017 16:37
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I miss hockey
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Jul 6, 2017 16:39
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ThinkTank posted:I miss hockey
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Jul 6, 2017 16:40
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I hate to interrupt this riveting discussion but I have some HOCKEY NEWS: https://twitter.com/Capitals/status/882985133925642240 He's gonna be traded as soon as someone's goalie gets injured.
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Jul 6, 2017 16:40
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Mind_Taker posted:I hate to interrupt this riveting discussion but I have some HOCKEY NEWS: So the Stars then?
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Jul 6, 2017 16:40
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iospace posted:So the Stars then? The Kings after Quick's groin explodes Game 1 again.
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Jul 6, 2017 16:44
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Hockey newz https://twitter.com/dril/status/872567737457016838
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Jul 6, 2017 16:48
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https://twitter.com/DarrenDreger/status/882940064329846784 why
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Jul 6, 2017 17:01
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Advanced stats (They looked to see who would help most with the tank)
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Jul 6, 2017 17:05
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