Quote:
Originally Posted by Leeman4Gilmour
#Rabbithole.
I thought I'd do a lower paid player as well
Here's Coronato;
Calgary net income is $505,843
In Dallas, it would be $577,311
In Florida, it would be $577,300
In Vegas, it would be $576,074
In NYR, it would be $525,909
In Montreal, it would be $450,094
In Toronto, it would be $457,561
In Vancouver, it would be $489,304
In LA, it would be $490,957
In Pittsburgh, it would be $534,137
In Columbus, it would be $525,597
In Nashville, it would be $577,351
As expected, less jarring at a glance, but still big differences % wise.
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The thing about Texas (I can't speak for other states, I have only lived in Texas and California) that a lot of people do not realize is that it does not actually have lower taxes, it taxes differently. It does not have a state income tax, which superficially makes it seem low tax, but it makes it up in other taxes which do not make it into these rankings. The way it does taxes also skews toward the rich paying less tax, while normal people pay higher tax. It results in Texas being one of the highest tax states for non-millionaires, and one of the lowest tax states the richer you get.
For example property taxes were significantly higher, in my personal experience I paid almost 12 times higher property taxes in Austin than what I pay on a similar priced house in Calgary. Including my property tax difference alone to Coronato's numbers would close a lot of the gap.
And then you have to add other costs too, my health insurance cost down there added added another ~$10k in yearly expense that I do not have in Calgary. The public schools are good here, while I had to pay for private to get an equivalent education for my children down there. Everything is like that, extra costs, tolls, and fees add up to really cut into your income. So for me, at the end of the day when all costs are considered, I am left with a decent amount more money in my pocket living in Calgary. I would bet that is true for most of the lower contract value Flames as well.