Quote:
Originally Posted by The Yen Man
I mean, lets us a hockey player as an example. We all hear guys getting paid $9M per year to play hockey, but only get to keep roughly half of that as take home pay. Why? Because a big chunk goes to taxes. Are you saying those guys are all skirting the law and paying less taxes than you and me?
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For hockey players, it all counts as income. So deductions, other than the agent's fees, are minimal. Those guys pay a lot of tax.