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Old 06-08-2022, 01:35 PM   #2759
OptimalTates
Powerplay Quarterback
 
Join Date: Feb 2020
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Quote:
Originally Posted by The Cobra View Post
If it was the easy to simply lower your taxes with "smart planners", presumably "smart planners" can lower them even more in the lower tax states. So, the taxes will always be lower with a smaller tax rate.
Yeah, outside of some weird RCA planning there's not really anyway to get below the lowest State rates as an American citizen playing in Canada.

You can get close to them by using signing bonuses, not becoming a Canadian resident that year (183 days outside of Canada, so hoping against playoffs), not having a home in Canada, not having a Canadian significant other, not having your kids school in Canada, having your off-season residence in a low-taxed State, but all that work really only gets you closer and closer to the lower taxed States, not below.

Signing bonus is the easiest though. Article XVI of the Convention Between Canada and the United States of America more or less means you are taxed at a rate of where you call home (15% max by the contracting state residence means Alberta would get 15% of Gaudreau's signing bonuses and Pennsylvania 23.73%).
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