Quote:
Originally Posted by SuperMatt18
The only thing about that Walsh post is that he's not wrong - but it also means the player has to defer money to retirement.
Players like having the money now, and they can have more money right now if they play in the areas that are taxed less.
Similar to why players dont' like escrow.
|
Plus it's a deferment and on the level of income, it's still going to be a high tax rate (especially if they retire in a higher tax jurisdiction).
That Walsh clip comes up every time taxes are discussed but the fact is that players care about the tax rates in different places. Maybe they are being too simplistic and not trying for long term tax savings that even it out, but it's just a fact of like in the NHL that taxes matter.