Does nationality matter in terms of prospect’s likelihood to stay in Calgary?

[Yeah_Baby]

Originally Posted by blankall

If you are rich, medical care in the USA is top notch. I've been waiting over 2 years to see a specialist in Canada. It takes me weeks to get a GP appointment.

That's pretty big if, my man.

And yeah, I didn't mean to suggest it's perfect here. It's not.

[Geeoff]

Originally Posted by TOfan

I think it’s widely believed the Flames offered Gaudreau what Huberdeau ended up getting.

It would have been $10.5 for eight years.

That's a lot to pay for 12 goals. Seems like it's best for Johnny and the Flames that he moved on.

[GioforPM]

Originally Posted by Leeman4Gilmour

That is cool.

Huberdeau's net income is $5,484,843

In Dallas, it would be $6,337,687
In Florida, it would be $6,338,350
In Vegas, it would be $6,332,149
In NYR, it would be $5,486,537
In Montreal, it would be $4,920,661
In Toronto, it would be $4,907,063
In Vancouver, it would be $5,295,954
In LA, it would be $5,025,470
In Pittsburgh, it would be $5,752,250
In Columbus, it would be $5,616,572

It's nice to finally see numbers on this debate. Thank you for posting.

The tax havens have a $1M per year advantage in actual pocket money. That's pretty significant especially on a long term deal.

[Leeman4Gilmour]

Originally Posted by Leeman4Gilmour

That is cool.

Huberdeau's net income is $5,484,843

In Dallas, it would be $6,337,687
In Florida, it would be $6,338,350
In Vegas, it would be $6,332,149
In NYR, it would be $5,486,537
In Montreal, it would be $4,920,661
In Toronto, it would be $4,907,063
In Vancouver, it would be $5,295,954
In LA, it would be $5,025,470
In Pittsburgh, it would be $5,752,250
In Columbus, it would be $5,616,572

It's nice to finally see numbers on this debate. Thank you for posting.

#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.

[GioforPM]

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.

Of course, for an ELC it doesn't matter. They don't have a lot of choices.

[FlamesAddiction]

That's why players charge more to play in Canada. It really only impacts the player if they negotiate in one tax jurisdiction then get traded to another. If they are negotiating with a team, they probably factor in the net take home money and adjust their ask based on that.

[Leeman4Gilmour]

Originally Posted by GioforPM

Of course, for an ELC it doesn't matter. They don't have a lot of choices.

I was just posting $ value, not contract type. I could have done Greer as well.

Point being, the higher profile player, the more real dollar impact location has on their decision. Which is obvious, but I thought it might be nice to see at a quick glance.

In terms of how this affects Calgary as a destination. Calgary (Alberta) is pretty middling as far as tax rates go. Basically the same as the New York teams. An American dollar goes a lot farther in Calgary than NYC though, so you're financially better off to choose Calgary over NYC if $'s are driving your decision. However, I'm guessing NYC would be chosen more often than not if that was indeed the choice.

None of this has to do with nationality though. MrButtons sharing the cool feature on CapFriendly drew me in.

[Bandwagon Surfer]

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.

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.

[lazypucker]

Remember that players leave the city and move back to their hometown / place of residence the moment their season is over. During the season, players may have what, 2 or 3 off days per month max?

To me, where the team is located is not the biggest factor. It's if the team is a cup contender or not.

[MrButtons]

Originally Posted by Bandwagon Surfer

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 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.

I started my career in US indirect Tax and what you've explained nails what I learned and came to say - in Canada and higher tax jurisdictions you typically pay more off your paycheck, but minimum services are guaranteed (in Canadas case healthcare, school). In the US, you take home significantly more, but have to pay out of your own pocket for basically everything, especially because counties, school board districts, etc. have a lot of power in the tax rates they can charge.

Happy to hear a number of y'all have gotten trapped by the capfriendly calculator, it can be super addicting to play with haha.

[butterfly]

Originally Posted by MrButtons

I started my career in US indirect Tax and what you've explained nails what I learned and came to say - in Canada and higher tax jurisdictions you typically pay more off your paycheck, but minimum services are guaranteed (in Canadas case healthcare, school). In the US, you take home significantly more, but have to pay out of your own pocket for basically everything, especially because counties, school board districts, etc. have a lot of power in the tax rates they can charge.

Happy to hear a number of y'all have gotten trapped by the capfriendly calculator, it can be super addicting to play with haha.

I kind of wonder how it works. For example, why would Coronato get $11 more in Dallas than Florida?

[MrButtons]

Originally Posted by butterfly

I kind of wonder how it works. For example, why would Coronato get $11 more in Dallas than Florida?

If you mean the calculator, probably a function of how their (capfriendly) assumptions work with where a team plays out of, and the time spent in other regions. If you press "simplified" on the calculator, income is equal for those jurisdictions you mentioned which is why I think that variance is assumption/formula driven. If you mean in reality, I don't really know haha.

[butterfly]

Originally Posted by MrButtons

If you mean the calculator, probably a function of how their (capfriendly) assumptions work with where a team plays out of, and the time spent in other regions. If you press "simplified" on the calculator, income is equal for those jurisdictions you mentioned which is why I think that variance is assumption/formula driven. If you mean in reality, I don't really know haha.

Wow, that’s cool if so! I guess Dallas only has one Canadian team in their division whereas Florida has three.

[MrButtons]

Originally Posted by butterfly

Wow, that’s cool if so! I guess Dallas only has one Canadian team in their division whereas Florida has three.

The US is insanely complicated, this is from CapFriendly and I ain't even going to try to simplify it -

Reciprocity agreements: Simplified by assuming the tax rate for the player is the maximum of: a) The local tax rate, or b) The players state residence tax rate (Example: A player visiting Florida (no State tax) from California, will be taxed at the California rates for their duty days in Florida)

Maybe we should all start a CP Tax Accountant business

[GioforPM]

Originally Posted by lazypucker

Remember that players leave the city and move back to their hometown / place of residence the moment their season is over. During the season, players may have what, 2 or 3 off days per month max?

To me, where the team is located is not the biggest factor. It's if the team is a cup contender or not.

I think it's money first for most players.

Location is second.

Competitiveness is only a factor for some (and rightly so because winning a cup is a longshot anyway no matter what team you choose - ask Iggy).