[Trade] Stars trade for Bishop and sign him to 6 year deal ($4.916 mil AAV)

[Passe La Puck]

Originally Posted by dino7c

taxes, Texas has no state tax...Calgary has to add almost 1M to put the same money in the guys pocket

FALSE

[ComixZone]

Originally Posted by Passe La Puck

FALSE

Now I'm no tax wizard, but citing an article from 2013 doesn't seem to be the best way to argue.

I'm fairly certain what that article shows is no longer the case.

[Passe La Puck]

What are you talking about? Taxes haven't changed significantly over the last couple years.

[dino7c]

Originally Posted by Passe La Puck

What are you talking about? Taxes haven't changed significantly over the last couple years.

Alberta taxes on the wealthy have gone up

Texas taxes have gone down

yeah what can change in 4 years lol

[Cycling76er]

Bam! And the better looking team gets it even!


*durp* wrong thread /facepalm

[dino7c]

Originally Posted by united

~$4,917,000 in Dallas works out to ~$5,732,000 in Calgary when focusing on after-tax earnings. His rumoured ask of Calgary makes sense when looking at it that way.

Bumped for the tax wizard above

maybe do some research of current tax rates before posting your fake news

[btimbit]

Originally Posted by Passe La Puck

What are you talking about? Taxes haven't changed significantly over the last couple years.

Taxes. What did you think he was talking about?

[Passe La Puck]

Fake news? Maybe old news but that's the only reference posted so far. Property tax is also factored in.

[dino7c]

Originally Posted by Passe La Puck

Fake news? Maybe old news but that's the only reference posted so far. Property tax is also factored in.

Irrelevant news then...newsflash the deal wasn't singed in 2013

IN 2017 professional hockey players in Alberta pay more income taxes than players in Texas. Calgary would need to offer more money to put the same amount in Bishop's pocket


and if you want to get into cost of living you will lose there too so move along

[OldDutch]

1. Do we really want a guy who came here mainly because of in pocket money?
2. Are we willing to cut tax rates on all people who earn 8 figures so said players can sign here?

I am no NDP supporter but a race to the bottom on millionaires is not the way to go.

I think the better solution is winning. If we win players will come. Our province giving up on tax revenue for all millionaires is not the way.

[squiggs96]

Originally Posted by Passe La Puck

Fake news? Maybe old news but that's the only reference posted so far. Property tax is also factored in.

I have talked players' taxes multiple times on this site. At one point, after the Bush cuts expired, Alberta was the best place for after tax earnings. They are not anymore. Even if they were, you'd never factor in property taxes. Why? Because it has nothing to do with earnings or income taxes. The simplest reason is you aren't forced to buy, nor are you forced to buy an expensive house.

I haven't run through his entirely, but it looks current. http://gavingroup.ca/personal-income...in-nhl-cities/

[Enoch Root]

Originally Posted by Passe La Puck

Fake news? Maybe old news but that's the only reference posted so far. Property tax is also factored in.

In 2013, the top marginal tax rate in Alberta was 39%

In 2017, the top marginal tax rate in Alberta is 48%

Since 2013, tax rates have been raised both nationally and provincially.

For Bishop's AAV (and incorrectly ignoring agent fees, etc) that is a difference of $442,440 per year.

In other words, his salary would need be be almost an extra million more in Calgary today to equate to 2013

[Passe La Puck]

Well according to this Gavin site the difference is under 2.5M over the length of the contract. That's less than 500k per year. So if he wanted 2M more per year to come to Calgary it's probably because of the great weather and not minor tax differences.

[Enoch Root]

Originally Posted by Passe La Puck

Well according to this Gavin site the difference is under 2.5M over the length of the contract. That's less than 500k per year. So if he wanted 2M more per year to come to Calgary it's probably because of the great weather and not minor tax differences.

Most people are suggesting about $1M more (not 2).

[Lanny_McDonald]

Originally Posted by Love

Why?

Bishop didn't want to be here. The Flames would have had to have overpaid something bigly.

[squiggs96]

Originally Posted by Passe La Puck

Well according to this Gavin site the difference is under 2.5M over the length of the contract. That's less than 500k per year. So if he wanted 2M more per year to come to Calgary it's probably because of the great weather and not minor tax differences.

Compare a $6M salary in Calgary to a $5M salary in Dallas. The take home is about an $85,000 difference. So, to what multiple posters have said, Calgary needs to add $1M in annual salary to match Dallas' offer.

It's not shameful to admit you were wrong. It's downright bizarre to continue trying to prove your original thought was right, when there's overwhelming evidence that shows it's wrong.

[savemedrzaius]

I know it would be impossible but really it doesn't seem fair that a player can end up losing or gaining millions of dollars just because of where the team he signed with is based out of. Teams in the states have a huge advantage over Canadian teams because of this.

They should work out something in the salary cap factoring in your province/states tax rate.

Maybe work it like a LTIR where you can go over the cap by a certain amount depending on how your city taxes its players.

[Strange Brew]

Originally Posted by dino7c

Alberta taxes on the wealthy have gone up

Texas taxes have gone down

yeah what can change in 4 years lol

How have Texas taxes gone down?

[Flash Walken]

Originally Posted by savemedrzaius

I know it would be impossible but really it doesn't seem fair that a player can end up losing or gaining millions of dollars just because of where the team he signed with is based out of. Teams in the states have a huge advantage over Canadian teams because of this.

This is not necessarily true. High salary players in California pay more tax than any canadian city, as much as 52.9% If you are an American playing in Canada, your bonus dollars are only taxed at 15%.

If you live in Manhattan, your state taxes will be 4% higher than non-manhattan residents. Philadelphia has a local education tax tied to income. I believe one of the incentives towards philadelphia flyers players living in southern new jersey is the ability to file a tax return for the state they live in but not work in, saving them 3-6% in tax per year.

Based on location and salary Anze Kopitar may have paid the most tax in the NHL last year, but it might have been Lundqvist.

Calgary and Edmonton are no longer the two lowest tax jurisdictions for NHLers but I believe they are still top 10. It's not like big name free agents were flocking to the Alberta capital or to the Flames for that matter, even with the low taxes.

wooooooooo, friday night tax discussion!

[Jacks]

Originally Posted by OldDutch

1. Do we really want a guy who came here mainly because of in pocket money?

I couldn't care less, does he make this team better?
If so I want him.