Quote:
Originally Posted by Snuffleupagus
So every employee of the Flames added together only pay 20m in taxes? Players alone probably pay 25-30
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It depends on how the money spent on the Flames is redistributed. The argument is that all the corporate entertaining would now be spent elsewhere. The season ticket and other monies spent elsewhere would enrich other people and businesses.
So the theory is zero lost in taxes and maybe even an increase. When you give 70 million dollars to people who don't live here you are taking a lot of money out of Calgary. The luxury goods purchased by these rich people again more leaves than lower income people.
So the answer to how much in tax the province and Canada would lose is somewhere between none and a lot depending on how you model the economic value of an NHL team.
You could argue that the TV deals moving from Canada to the states is a direct loss from Calgary and say at a 50% marginal rate you end up with 500/30*.5 which is about 8 million in lost taxes. But it really would need much more advanced modelling to really know the impact.