Quote:
Originally Posted by nik-
NHL players pay a 25% tax rate and a lot of them reside outside of the market. So 22 players paying income tax. It's money, but not exactly a windfall.
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I don't believe players pay 25% rate (but I am open to reviewing sources) because they are individuals, not corporations (Personal Services Business?). Most of them would be Canadian residents because they spend 183 days in Canada during the year. Given that Alberta is the lowest tax among provinces they would probably claim residence here.
Payroll of 50 to 70 million at 40% is 20 to 28 million
per year. And that is only on the 22 players. Seems like there might be room for $100 million every 30 years.