uber_pwnzor Posted May 26, 2012 Share Posted May 26, 2012 Basicly, yeah, do they? And if they do, how much? Don't you Canadians have higher income taxes than Americans? Link to comment Share on other sites More sharing options...
Shift-4 Posted May 26, 2012 Share Posted May 26, 2012 Of course they do. They would be as much as anyone else making their kind of income (for the jurisdiction they live in). Link to comment Share on other sites More sharing options...
Standing_Tall#37 Posted May 26, 2012 Share Posted May 26, 2012 Canadian players playing in the states pay 50% tax. But some teams offer them tax incentives....ie: pay it for them or get a tax rate cut in order to attract free agents. I know a guy that signed with the Thrashers about 4 years ago for $700,000. But he said right away you get deducted $350,000 and then the team charges you a fee on trainers,nutritionists, travel, lodging etc...then in his case he was up and down alot so he had to stay in hotels lots. Link to comment Share on other sites More sharing options...
*VaNcOuVeRCaNuCkS* Posted May 26, 2012 Share Posted May 26, 2012 Yep, it all depends on where they play and what they make Link to comment Share on other sites More sharing options...
*VaNcOuVeRCaNuCkS* Posted May 26, 2012 Share Posted May 26, 2012 Canadian players playing in the states pay 50% tax. But some teams offer them tax incentives....ie: pay it for them or get a tax rate cut in order to attract free agents. I know a guy that signed with the Thrashers about 4 years ago for $700,000. But he said right away you get deducted $350,000 and then the team charges you a fee on trainers,nutritionists, travel, lodging etc...then in his case he was up and down alot so he had to stay in hotels lots. Link to comment Share on other sites More sharing options...
Hobble Posted May 27, 2012 Share Posted May 27, 2012 Not the ones with smart accountants... Link to comment Share on other sites More sharing options...
nuckin_futz Posted May 27, 2012 Share Posted May 27, 2012 Not the ones with smart accountants... Link to comment Share on other sites More sharing options...
WHL rocks Posted May 27, 2012 Share Posted May 27, 2012 Not the ones with smart accountants... Link to comment Share on other sites More sharing options...
WHL rocks Posted May 27, 2012 Share Posted May 27, 2012 Canadian players playing in the states pay 50% tax. But some teams offer them tax incentives....ie: pay it for them or get a tax rate cut in order to attract free agents. I know a guy that signed with the Thrashers about 4 years ago for $700,000. But he said right away you get deducted $350,000 and then the team charges you a fee on trainers,nutritionists, travel, lodging etc...then in his case he was up and down alot so he had to stay in hotels lots. Link to comment Share on other sites More sharing options...
etsen3 Posted May 27, 2012 Share Posted May 27, 2012 Of course, why wouldn't they? Link to comment Share on other sites More sharing options...
The Wizard of AZ Posted May 27, 2012 Share Posted May 27, 2012 This thread reeks of Dan Ellis. Canadian players playing in the states pay 50% tax. But some teams offer them tax incentives....ie: pay it for them or get a tax rate cut in order to attract free agents. I know a guy that signed with the Thrashers about 4 years ago for $700,000. But he said right away you get deducted $350,000 and then the team charges you a fee on trainers,nutritionists, travel, lodging etc...then in his case he was up and down alot so he had to stay in hotels lots. Link to comment Share on other sites More sharing options...
RUPERTKBD Posted May 28, 2012 Share Posted May 28, 2012 Canadian players playing in the states pay 50% tax. But some teams offer them tax incentives....ie: pay it for them or get a tax rate cut in order to attract free agents. I know a guy that signed with the Thrashers about 4 years ago for $700,000. But he said right away you get deducted $350,000 and then the team charges you a fee on trainers,nutritionists, travel, lodging etc...then in his case he was up and down alot so he had to stay in hotels lots. Link to comment Share on other sites More sharing options...
Prngr44 Posted May 28, 2012 Share Posted May 28, 2012 I can imagine a pro sports players' tax return is a complete nightmare. Filing state taxes for every single state they play in as well as Canada. Some cities also charge additional tax. In St. Louis, if you have income based on business within the city you're subject to an additional 1% city tax on top of state and federal. Link to comment Share on other sites More sharing options...
Lockhart Posted May 28, 2012 Share Posted May 28, 2012 Your in high school and you had to ask this question?......... Link to comment Share on other sites More sharing options...
Jester@wraiths.ca Posted May 28, 2012 Share Posted May 28, 2012 Canadian players playing in the states pay 50% tax. But some teams offer them tax incentives....ie: pay it for them or get a tax rate cut in order to attract free agents. I know a guy that signed with the Thrashers about 4 years ago for $700,000. But he said right away you get deducted $350,000 and then the team charges you a fee on trainers,nutritionists, travel, lodging etc...then in his case he was up and down alot so he had to stay in hotels lots. Link to comment Share on other sites More sharing options...
Argon Posted May 29, 2012 Share Posted May 29, 2012 that's the big draw for the KHL, not as much taxation Link to comment Share on other sites More sharing options...
morrissex95 Posted May 29, 2012 Share Posted May 29, 2012 I have no idea why the NHLPA takes such a large percentage a little under 10%. They've only got a small staff to fund and I don't think the NHLPA pays for agents. Very strange. Link to comment Share on other sites More sharing options...
Standing_Tall#37 Posted May 29, 2012 Share Posted May 29, 2012 Quoted post is complete BS. Income tax in the US varies from state to state. The federal tax remains the same but some states have higher income tax than others while some states don't have income tax at all ie: Florida If a team pays part of a Players income tax such payment would be considered income and would be taxed as well as count against the cap. Players don't pay for travel costs, nutritionists, training etc etc etc. all this is covered by the team. When in teams home city the player pays for his own living place but on the road all expenses are covered. Link to comment Share on other sites More sharing options...
Rypien37 Posted May 29, 2012 Share Posted May 29, 2012 Highest income tax bracket in Canada pays 40% in taxes. Link to comment Share on other sites More sharing options...
Ghostsof1915 Posted May 29, 2012 Share Posted May 29, 2012 Oh yes I completely made it up ....so your telling me a billionaire(team owner) has never struck a deal with a politician to make their business more successful(like attracting a star player to work for that business) Look your obviously smarter than me so can you please post the section of the current cba that specifies where the salaries are gross or takehome and where it says the taxes can't be manipulated?. Thank you Link to comment Share on other sites More sharing options...
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