Quote:
Originally Posted by Flash Walken
This doesn't really mean anything.
There are deferred tax benefits for Canadian athletes playing in Canada that reduce the overall tax burden of their location by anywhere between 10-20%, nor does it take into account the other jurisdictions players for these teams will have to file in, nor does it take into account residency, nor does it take into account municipal taxation that can and does apply to various jurisdictions in the US.
For instance, there is a separate income tax payable to the city of new york if you reside in manhattan x number of days per year.
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There are many ways to skin a cat and I'm not going to argue back and forth about tax cuts and loopholes but using Stones $9.5m contract and the signing bonuses attached to it looks like this, I can't come up with the actual number because I don't know his union dues and agent commissions(these aren't deductible in Nevada) if he becomes a Nevada resident (work visa/have an address) and he will, he will pocket roughly $800k per year average than he could in Calgary under any legal tax cuts and deferred benefits.