Quote:
Originally Posted by Burnaby Joe
It’s pretty hard to compete with some US markets…. The state tax in NJ is 6.6%, that’s way cheaper than Alberta. He may get less per season but he will net more elsewhere……
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Wrong.
The state income tax in New Jersey is at a marginal rate of 8.97% above $500,000, and 10.75% above $5,000,000. If Gaudreau signs an eight-figure deal there, he will be paying a blended rate of about 10%.
6.6% is the (approximate) base rate of SALES tax in New Jersey.