Quote:
Originally Posted by GioforPM
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.
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I don't doubt that there's a difference in tax rate, I just don't trust a hockey analyst or a hockey blogger to accurately reflect what the actual tax differences are. They just look up personal tax rates on-line and calculate it straight. There's a reason why you get an actual tax accountant to do your taxes when it's that complex. I'm guessing most hockey players aren't using Turbotax to file their returns.
And then you have to also take into consideration the other types of taxes, like user fees and municipal taxes.