Quote:
Originally Posted by The Yen Man
I'm not sure if $11.5M is the real tax equivalent or not. I suspect guys like Burke and other NHL analysts who are referencing this number don't have a firm grasp at all the tax nuances, and different tax breaks that can be utilized. Regardless, I'm guessing it would still be around the 10M range to get the equivalent amount.
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Completely agree, and I really think tax stuff is way overblown. I have no idea how health benefits work for players' families, but I would imagine they are paying for a plan 100% out of pocket (obviously a player's physical health is of utmost importance to a team, but I'm not even sure the team would even be the ones paying the bills for issues less related to kinesiology (from mental health to appendicitis to cancer)? That should all be part of the CBA, so I'm sure someone can correct me if wrong?
Obviously residency plays a big role in all of this. Maybe you'd prefer to send your kids to public schools - chances are they are a lot better in jurisdictions with higher tax
Tons of other things like housing costs, traffic, safety, weather, family, friends, endorsements, etc. can really balance out the tax differences. Everyone values things differently, but even the most financially minded people are more concerned with how their balance looks at the end of the month when everything else has been accounted for.