[Rumour] Lightning have contract extension in place for Hanifin if trade can be completed

[rhino]

[QUOTE=Jay Random;9017330]It doesn't, because Canadian dollars buy less than American dollars. That's why the exchange rate isn't 1 to 1.

It's the same amount of money measured in different units. Why is this hard for anyone to understand?[/QUOTE

Dude…. The player example is 1 who lives in and plays in Canada. The exchanged rate to CDN after taxes makes the few hundred thousand more due to no state taxes in Florida for example disappear pretty quickly. The player makes USD but pays for things in CDN

[kyuss275]

Good to see a discussion on economics in hanifin thread.

[rhino]

Originally Posted by tomo

I wonder if there is a chart showing Free Agent signings in States without an income tax?

Teams in those states are Panthers, Lightning, Stars, Golden Knights, and Kraken

https://www.capfriendly.com/income-tax-calculator

[MrMike]

Kipreos still selling Tampa for Hanifin. He doesn't seem like the brightest guy to me.

[Infinit47]

[QUOTE=rhino;9017391]

Originally Posted by Jay Random

It doesn't, because Canadian dollars buy less than American dollars. That's why the exchange rate isn't 1 to 1.

It's the same amount of money measured in different units. Why is this hard for anyone to understand?[/QUOTE

Dude…. The player example is 1 who lives in and plays in Canada. The exchanged rate to CDN after taxes makes the few hundred thousand more due to no state taxes in Florida for example disappear pretty quickly. The player makes USD but pays for things in CDN

But things cost more in Canadian dollars than US dollars. Have you never looked at the back of a book and seen two different prices?

[SuperMatt18]

Originally Posted by MrMike

Kipreos still selling Tampa for Hanifin. He doesn't seem like the brightest guy to me.

I think that is because that is what the agent and Flames want to be out in the media.

Because if you're trying to drag Boston or Florida into the frenzy then Tampa being the "front runner" is the best way to do that.

As of today Florida likely gets Tampa in round 1, and then would likely get Boston in round 2 if they were to win.

They are trying to get an interdivision bidding war going among Florida, Boston and Tampa Bay.

That's best for both the Flames, and Hanifin to maximize the actual AAV of his contract.

[Jay Random]

Originally Posted by rhino

Dude…. The player example is 1 who lives in and plays in Canada. The exchanged rate to CDN after taxes makes the few hundred thousand more due to no state taxes in Florida for example disappear pretty quickly. The player makes USD but pays for things in CDN

Dude… You don't get the same stuff for a Canadian dollar in Canada that you get for a U.S. dollar in the U.S. At the moment, you get about 20% less. That wipes out most of your alleged advantage.

Sometimes the exchange rate puts the CAD above purchasing power parity, sometimes below. Latest exchange rate is approximately 1 USD = 1.35 CAD. Purchasing power parity, last time I checked, was about 1 USD = 1.23 CAD.

Then consider that if a player has any smarts at all (or his agent does), he's socking most of that money away into investments. Stocks, bonds, real estate, futures – you buy all of those things at the current exchange rate, not at par. Right now, for instance, a share of Apple trades at $169 US. If you offer somebody $169 Canadian for that share, they are not going to take it, even if the trade takes place in Canada.

[MrMike]

Originally Posted by SuperMatt18

I think that is because that is what the agent and Flames want to be out in the media.

Because if you're trying to drag Boston or Florida into the frenzy then Tampa being the "front runner" is the best way to do that.

As of today Florida likely gets Tampa in round 1, and then would likely get Boston in round 2 if they were to win.

They are trying to get an interdivision bidding war going among Florida, Boston and Tampa Bay.

That's best for both the Flames, and Hanifin to maximize the actual AAV of his contract.

He was pushing it yesterday as well, almost to the point that he was doing it for a reason, jusrt a vibe.

Then he said Carolina would most likely be trading Pesce because they never let a UFA walk to free agency (Dougie recently)

And the day before that he thought Peterson still had 2 years left on his contract and all this talk didn't matter because he couldn't even sign an extension yet.

3 days in a row he has given me nothing to think better of the guy.

[D as in David]

Accounting Theory was BY FAR the most boring accounting class ever, so you can only imagine how boring that actually could be.

[Toast_Man]

Originally Posted by D as in David

Accounting Theory was BY FAR the most boring accounting class ever, so you can only imagine how boring that actually could be.

Preach! NOTHING is more boring than accounting theory.

[Enoch Root]

Originally Posted by D as in David

Accounting Theory was BY FAR the most boring accounting class ever, so you can only imagine how boring that actually could be.

I used to teach accounting theory, but my doctor told me I should take it easy from now on.

[TheIronMaiden]

Originally Posted by Icon

All of these states without income tax just make me ask why they don't have income tax.

Toll roads, Private healthcare and private schools.

[Julio]

Originally Posted by mrdonkey

Higher sales and property taxes, lower spending on infrastructure, education, social support, and health care.

So basically a bunch of reasons that exclusively screw poor and middle class people. A rich athlete's wet dream.

Had a friend move to Tenn in 2021. He's not making hockey player $, but mid 6 figures. He figures that with buying a new home, furnishing, landscaping etc, that the state government is getting more $ out of him in sales taxes than if he was paying Alberta level sales/income tax. He's thinking 2025 might move things the other way.

[Enoch Root]

Corporate taxes, sales tax

[D as in David]

Property taxes in Florida are out of control or so I've heard.

[D as in David]

Originally Posted by Enoch Root

I used to teach accounting theory, but my doctor told me I should take it easy from now on.

Our hearts are built to withstand only a certain amount of excitation in our lifetimes.

[DJones]

Originally Posted by Enoch Root

Corporate taxes, sales tax

Corporate taxes is at least practical. Dividends are over complicated as ####, I can't even remember Accounting Theory but I remember hating it.

[Strange Brew]

Originally Posted by mrdonkey

Higher sales and property taxes, lower spending on infrastructure, education, social support, and health care.

So basically a bunch of reasons that exclusively screw poor and middle class people. A rich athlete's wet dream.

Some truth here.

But rich people do tend to buy big houses and pay a lot in property taxes.

[Enoch Root]

Originally Posted by DJones

Corporate taxes is at least practical. Dividends are over complicated as ####, I can't even remember Accounting Theory but I remember hating it.

I wasn't listing subjects, I was listing ways that state can avoid or minimize income taxes

[GreenLantern2814]

Originally Posted by Strange Brew

Some truth here.

But rich people do tend to buy big houses and pay a lot in property taxes.

The one tax they can’t avoid…