Quote:
Originally Posted by powderjunkie
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.
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I don't think taxes are overblown at all. It's a direct hit to their total income and easy for them to understand - their agent can simply tell them the difference in take home pay. We know that's very important because of the escrow fuss.
And while I agree that lifestyle plays a role, housing costs and endorsements don't. If real estate is costlier in one area, they make up for it with the sale later on, if they move away after they are done. So it's a non-factor economically. And sadly, for hockey players, endorsements are de minimus. Look at what Sid gets, and those are national endorsements anyway.