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[Article] New Canucks saving money on taxes


DeNiro

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Hockey players abuse their bodies for 10-20 years and tend to struggle after a career with old injuries, concussions etc. They need something to cushion the retirement.

Wut? 0.o

Hockey players are well compensated for their "service" in the NHL. What about military members who abuse THEIR bodies and risk their lives for 10-30 years?

There are way more examples of people who need to cushion their retirement than NHL players.

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But the CTF also pointed out that the provincial government has raised income taxes on high earners by two percentage points in 2014 and 2015 and the organization would like those increases shelved.

“Let’s not take away one good bounce Vancouver Canucks fans are getting,” said the Federation in a news release.

:blink::shock::picard:

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Hockey players are poor athletes compared to other sports. Look at what Baseball, football, basketball and Soccer player make.

Actor and Actresses make tons of cash from Hollywood.

Hockey players abuse their bodies for 10-20 years and tend to struggle after a career with old injuries, concussions etc. They need something to cushion the retirement.

I don't care which other sport you compare them to, hockey players are not "poor" athletes. They are extremely well compensated for playing a game that most of us shell out close to $1,000 a year to play recreationally.

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I don't care which other sport you compare them to, hockey players are not "poor" athletes. They are extremely well compensated for playing a game that most of us shell out close to $1,000 a year to play recreationally.

That's because when you were eating cheeseburgers and playing video games they were out there working their tail off from a young age to compete against hundreds of thousands of other kids to get a shot to make it.

In any career, if you can beat out that many people and make it to the top, you'll be making similar figures.

I am personal friends with a nhl player and I can tell you watching the things this kid sacrificed growing up to get to where he is now, he deserves every dollar.

And let's not forget that while most of us will have careers that will pay us out until our retirement in our 60's-70's, these guys retire in their 30's and have no other qualifications for any other careers

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That's because when you were eating cheeseburgers and playing video games they were out there working their tail off from a young age to compete against hundreds of thousands of other kids to get a shot to make it.

In any career, if you can beat out that many people and make it to the top, you'll be making similar figures.

I am personal friends with a nhl player and I can tell you watching the things this kid sacrificed growing up to get to where he is now, he deserves every dollar.

And let's not forget that while most of us will have careers that will pay us out until our retirement in our 60's-70's, these guys retire in their 30's and have no other qualifications for any other careers

Exactly... Most 18-30 year olds are out drinking and having fun and doing other things athletes can't do. It's a major sacrifice.

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most charities are a scam gotta love the 70 percent administrative salary the non profits take off so they can drive around in mercedes and blackedout land rovers looking like they are saving the world.

Do you have sibling named Bure2Mogilny

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That's because when you were eating cheeseburgers and playing video games they were out there working their tail off from a young age to compete against hundreds of thousands of other kids to get a shot to make it.

In any career, if you can beat out that many people and make it to the top, you'll be making similar figures.

I am personal friends with a nhl player and I can tell you watching the things this kid sacrificed growing up to get to where he is now, he deserves every dollar.

And let's not forget that while most of us will have careers that will pay us out until our retirement in our 60's-70's, these guys retire in their 30's and have no other qualifications for any other careers

Exactly... Most 18-30 year olds are out drinking and having fun and doing other things athletes can't do. It's a major sacrifice.

Well I guess by that logic all of the kids who didn't make the cut should also be getting paid more? Get real. They made a choice to pursue that career and they worked hard to get to the NHL. Now that they are in the NHL they make over 20 times the amount of an average person in their rookie year! I went to school with a few guys that play in the NHL, and I know how hard they worked to get there, but don't tell me they don't make enough money. My initial point was the poster used the word "poor" to describe people who are pretty damn well off.

Most of those 18-30 yr olds who are out drinking and partying every week are not making millions of dollars. Tell me you wouldn't give up alcohol at a crappy bar every week to make a million dollars a year,

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Exactly... Most 18-30 year olds are out drinking and having fun and doing other things athletes can't do. It's a major sacrifice.

Many NHL players party too. It's not just about hard work. There are a lot of people that work harder than hockey players and make less money. There are many that work less hard and make more.

In the end, pay is related to supply and demand, not purely how hard you work. A labourer gets paid poorly because just about any able bodied person can do it. An NHL player gets paid a lot because he possesses one-in-a million skills, which can bring in millions of fans with money.

That's not to say that hockey players don't work hard or make sacrifices, certainly talent alone isn't enough to make it into any lucrative job without plenty of training and some element of risk.

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Man, here comes the age-old argument which will boil down to whether you support/endorse capitalist or socialist societies.

There've been plenty of talented p who got the shaft. Whether you're a doctor in some impoverished, corrupted, 3rd-world, tinpot-nation; or a talented hockey player in the former USSR.

Conversely, there have also been plenty of naturally gifted, 'Brett Hull' types, that have achieved fame, babes & fortune, despite sacrificing a fraction of the time/effort of many others.

Many homely gals stayed in at wknds, endlessly reading books. One or two become JK Rowling.

Seems if you seek, you can always scrounge up an example to support one's claim.

Tired ol' arguments...

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most charities are a scam gotta love the 70 percent administrative salary the non profits take off so they can drive around in mercedes and blackedout land rovers looking like they are saving the world.

Thats why you actually do research when giving to charities... there are many websites out there that say how much of your dollar actually goes to helping people. I'm sure people do their research

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Players in the NHL represent .0000001% of the population of the world.

Any time a person has a skill that allows them to have a career in that percentile, they're going to get paid big money for it. Whether it's right or wrong, that's just the way it goes.

On the bright side, NHL players are very generous with their time and money, and alot of money gets put into worthy charities.

Like Hollywood actors or musicians, they are a commodity - part of the product being sold. As a commodity, they are paid outside the normal sort of "wage-earner" scale. Of course, a player's time isn't "worth" what they get paid, but that's what they are worth as a product in the current market. Like you say, that's just the way it is.

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DeNiro, This article is misleading. The top personal income tax rate (BC and Federal Combined) that Canuck players pay in 2014 and 2015 is 45.7%. This is higher than almost every US NHL jurisdiction with the exception of California, New Jersey and New York. Some US states have considerably less income tax rates, including Texas and Florida where there is no state income tax and the top marginal income tax rate is therefore the Federal rate of 39%.

In Canada, Alberta's top marginal tax rate is 39%. Considerably less than the BC rate.

The article doesn't state the facts. It is trying to make a point using a small sample of players that happened to come here from California and New York and thus wind up paying less income tax by coming here. That is not the norm and it is misleading to say it is the norm.

As a general comment, players in the NHL pay less tax playing in the US than in Canada. If they play in Canada they pay less tax playing in Alberta than BC.

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DeNiro, This article is misleading.

Not really. It only says that the new Canucks players pay less.

The new players came from California and Buffalo.

And really if you add up the California, New York, and New Jersey teams, that's almost a quarter of the league. So there is incentive for quite a few players to come here over those teams.

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DeNiro, This article is misleading. The top personal income tax rate (BC and Federal Combined) that Canuck players pay in 2014 and 2015 is 45.7%. This is higher than almost every US NHL jurisdiction with the exception of California, New Jersey and New York. Some US states have considerably less income tax rates, including Texas and Florida where there is no state income tax and the top marginal income tax rate is therefore the Federal rate of 39%.

In Canada, Alberta's top marginal tax rate is 39%. Considerably less than the BC rate.

The article doesn't state the facts. It is trying to make a point using a small sample of players that happened to come here from California and New York and thus wind up paying less income tax by coming here. That is not the norm and it is misleading to say it is the norm.

As a general comment, players in the NHL pay less tax playing in the US than in Canada. If they play in Canada they pay less tax playing in Alberta than BC.

Yeah but you'd have to live in Alberta.

Ouch.

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