VancouverIteinSanDiego Posted August 5, 2019 Share Posted August 5, 2019 having the CBA be a Net Salary cap [ Or Take home pay] and not Gross Salary to balance out no tax states. My Cousin husband who was working in Europe, when asking about pay he told me his take home is $$$ and the company worries about the tax calculation. I know teams like Montreal, Toronto and NYR would be all for this as they could afford. Link to comment Share on other sites More sharing options...
-AJ- Posted August 5, 2019 Share Posted August 5, 2019 Good luck getting American owners to agree to that. Very unlikely this would happen. 2 Link to comment Share on other sites More sharing options...
Nurnge Posted August 5, 2019 Share Posted August 5, 2019 (edited) I have thought along these line for a long time as well . It would be very hard to implement . Some teams would be immediately way over the cap . Might cause worse kaos than when they first brought the cap in . I am sure there are a ton of other things that would have to be done as well . the High taxed american teams would jump all over this as well . Not really sure the reasoning why it was not changed when the cap was brought in , equalization payments could be used to offset the weaker teams better if the claim is to help with team stability Edited August 5, 2019 by Nurnge Link to comment Share on other sites More sharing options...
JM_ Posted August 5, 2019 Share Posted August 5, 2019 Very good idea. Canadian teams should push for this and if the owners can somehow stick together as a group they might be able to force the NHL into this. Link to comment Share on other sites More sharing options...
goalie13 Posted August 5, 2019 Share Posted August 5, 2019 Just thinking out loud... under this proposal if a player was traded mid-contract from Florida to Winnipeg, his adjusted cap hit would go down? Link to comment Share on other sites More sharing options...
Popular Post Chickenspear Posted August 5, 2019 Popular Post Share Posted August 5, 2019 1 hour ago, VancouverIteinSanDiego said: having the CBA be a Net Salary cap [ Or Take home pay] and not Gross Salary to balance out no tax states. My Cousin husband who was working in Europe, when asking about pay he told me his take home is $$$ and the company worries about the tax calculation. I know teams like Montreal, Toronto and NYR would be all for this as they could afford. Didn't realize San Diego was considered deep south... 1 10 Link to comment Share on other sites More sharing options...
coastal.view Posted August 6, 2019 Share Posted August 6, 2019 (edited) do you really think every nhl player will be willing to release their personal income tax return every season to league head offices ? so that their after tax nhl income can be determined for cap purposes maybe we should ask trump about that issue and that does not even get into the variety of other complications regarding personal taxation many players have tax deductions that would reduce the tax on their nhl earnings the nhl will have to hire a lot of tax specialists to review each and every player return each season to adjust the player's nhl income so that fairness for cap purposes can occur from player to player which will impact on team cap levels Edited August 6, 2019 by coastal.view Link to comment Share on other sites More sharing options...
Arrow 1983 Posted August 6, 2019 Share Posted August 6, 2019 (edited) 7 hours ago, VancouverIteinSanDiego said: having the CBA be a Net Salary cap [ Or Take home pay] and not Gross Salary to balance out no tax states. My Cousin husband who was working in Europe, when asking about pay he told me his take home is $$$ and the company worries about the tax calculation. I know teams like Montreal, Toronto and NYR would be all for this as they could afford. do you realize how complex the tax systems are in Canada and the USA. All these players pay accountants so they can get the least amount of taxes taken from them. Every trade would require 3 months to process and caps would be 1 year behind every year. I am actually Laughing as I write this cause you tried to simplify a problem and just made it a million times more complex. It would take me days to explain to you or anyone who thought this was a good idea how many flaws there are in this system you propose. It would solve any job problems currently faced in the US and Canada cause you would have to hire ever book keeper, accountant office manager you could possibly find. My god the tech companies would a have a field day Bill gates would be a trillionaire. Where do I start where would it end, Edited August 6, 2019 by Arrow 1983 Link to comment Share on other sites More sharing options...
Arrow 1983 Posted August 6, 2019 Share Posted August 6, 2019 7 hours ago, VancouverIteinSanDiego said: having the CBA be a Net Salary cap [ Or Take home pay] and not Gross Salary to balance out no tax states. My Cousin husband who was working in Europe, when asking about pay he told me his take home is $$$ and the company worries about the tax calculation. I know teams like Montreal, Toronto and NYR would be all for this as they could afford. I guess you ufile your taxes or take them to H&R Block. Link to comment Share on other sites More sharing options...
Arrow 1983 Posted August 6, 2019 Share Posted August 6, 2019 2 hours ago, coastal.view said: do you really think every nhl player will be willing to release their personal income tax return every season to league head offices ? so that their after tax nhl income can be determined for cap purposes maybe we should ask trump about that issue and that does not even get into the variety of other complications regarding personal taxation many players have tax deductions that would reduce the tax on their nhl earnings the nhl will have to hire a lot of tax specialists to review each and every player return each season to adjust the player's nhl income so that fairness for cap purposes can occur from player to player which will impact on team cap levels Oh my god we agree on something. Link to comment Share on other sites More sharing options...
shazzam Posted August 6, 2019 Share Posted August 6, 2019 Where does it stop? Should they consider housing, living expenses, quality of sushi, quality of girls, weather, perks 1 Link to comment Share on other sites More sharing options...
Agoork Posted August 6, 2019 Share Posted August 6, 2019 1 hour ago, Arrow 1983 said: do you realize how complex the tax systems are in Canada and the USA. All these players pay accountants so they can get the least amount of taxes taken from them. Every trade would require 3 months to process and caps would be 1 year behind every year. I am actually Laughing as I write this cause you tried to simplify a problem and just made it a million times more complex. It would take me days to explain to you or anyone who thought this was a good idea how many flaws there are in this system you propose. It would solve any job problems currently faced in the US and Canada cause you would have to hire ever book keeper, accountant office manager you could possibly find. My god the tech companies would a have a field day Bill gates would be a trillionaire. Where do I start where would it end, A simplified version of tax equalization for cap purposes would be great. Why would players have to submit their tax returns? That would be stupid. A simple calculation based on the contract $ amount, minus the max tax rate (face it, all players are probably in the max tax bracket) for that state/province. What each player does with their money to get more tax breaks is irrelevant and individual to each player. 1 Link to comment Share on other sites More sharing options...
Arrow 1983 Posted August 6, 2019 Share Posted August 6, 2019 (edited) 29 minutes ago, Agoork said: A simplified version of tax equalization for cap purposes would be great. Why would players have to submit their tax returns? That would be stupid. A simple calculation based on the contract $ amount, minus the max tax rate (face it, all players are probably in the max tax bracket) for that state/province. What each player does with their money to get more tax breaks is irrelevant and individual to each player. Your the one that used net salary not me. Net is actual take home pay you literally used take home pay in your post. I wasn't being a jerk just reading your words. The term your mentioning now I believe is single net and that means before deducional exemptions. But then your whole proposal breaks down for different reasons. Because different states and provinces give different deductional exemptions. So either way it's a flawed system and doesn't really fix the problem you seem to be tring to fix. Equalization. Edited August 6, 2019 by Arrow 1983 Link to comment Share on other sites More sharing options...
Agoork Posted August 6, 2019 Share Posted August 6, 2019 11 minutes ago, Arrow 1983 said: Your the one that used net salary not me. Net is actual take home pay you literally used take home pay in your post. I wasn't being a jerk just reading your words. The term your mentioning now I believe is single net and that means before deducional exemptions. Ah, nope, wasn't me that said that. Link to comment Share on other sites More sharing options...
Arrow 1983 Posted August 6, 2019 Share Posted August 6, 2019 1 minute ago, Agoork said: Ah, nope, wasn't me that said that. My mistake I thought you where the OP. Link to comment Share on other sites More sharing options...
Agoork Posted August 6, 2019 Share Posted August 6, 2019 No worries. I don't know the correct term for it, but I think the OP meant more like what I mentioned, but he'd have to comment to verify There are so many variables as to why a UFA player chooses a specific city/team, that there is no chance of equalizing all the variables, but as it is now, the low tax states/provinces do have an unfair advantage over other higher tax ones, so I think it would be great if they could equalize that somehow. Whether they do that as I suggested, or via some other more complex formula would be up to the league and team owners. Doubt it happens at all though. Link to comment Share on other sites More sharing options...
Squamfan Posted August 6, 2019 Share Posted August 6, 2019 18 hours ago, -AJ- said: Good luck getting American owners to agree to that. Very unlikely this would happen. won't teams in flordia and vegas inly have a issue woth this? Link to comment Share on other sites More sharing options...
Canuck Surfer Posted August 6, 2019 Share Posted August 6, 2019 14 hours ago, shazzam said: Should they consider housing, living expenses, quality of sushi You would think we would do pretty well. I think your on to something? Link to comment Share on other sites More sharing options...
Yung1 Posted August 6, 2019 Share Posted August 6, 2019 17 hours ago, Arrow 1983 said: I guess you ufile your taxes or take them to H&R Block. this dude is an impressive level of arrogant. I like this idea of equality. Would be hard to implement, but not impossible. 1 1 Link to comment Share on other sites More sharing options...
IBatch Posted August 8, 2019 Share Posted August 8, 2019 Was wondering if this would ever become a discussion - have b:/ched a few times about how TB, Florida, Vegas and to a lesser degree Dallas have a lot more to work with (10%) then the rest of the league. As far as this helping Canadian teams it won’t as much as some think, most are actually in the top ten of the LEAST taxed teams in the league. Thanks to what they call the jock tax in most states. Also the four teams only get away with it on home games, ever player pays different taxes in the US per game they play in each individual state including the top four mentioned at the top. It’s a confusing subject - fortunately for us laymen agent companies have made it easy for both us and actual NHLers to get an idea at what their net before deductions will be - anyone who hasn’t googled NHL tax calculators go ahead and have someû fun. One of the things you should notice quickly is the lower paid guys pretty much make the same anywhere BUT once you get to 5 million and up the percentages start to vary quite a bit. Kucherov making 9.5 in TB would have to get paid closer to 11 in most other cities to get the same take home pay. Or inverted AM could get by on a lot less in TB. A few years ago THN did a financial issue when a few players were filing for bankruptcy ( hard to believe but it happens). It’s dated a bit Jack Johnson was the lead story I think - and Vegas wasn’t in yet- but I was shocked to see the list of least taxed to most taxed teams in the league and most of the Canadian teams made the top ten. We were around 6, EDM and CAL were ahead of us, then WNP, TO, OTT and MTL in that order the Cali and NY teams were at the bottom. That said it’s pretty close from 5th (adding Vegas to the top three, Dallas is 4th) to 31st. But a few percentage points at 5 million is still significant. It wouldn’t be hard for the league to install a bit of a bridge between the top four and the rest of the league, but there really isn’t any point at this time at least - because they’ve never won a cup in the cap era anyways, and Florida has been pretty bad for a lot of the time too. Link to comment Share on other sites More sharing options...
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