I spoke a bit blurry there my apologies. I wasn’t attacking you I was just trying to say there are so many people who cannot grasp the taxation difference. They’re also the type that think players sign with the teams they want to play for and their cap hit means more than their take home. It’s a job folks, for the massive majority of players what they get to take home matters more than their cap hit.

I just wish the league would change the cap to take home amounts, they don’t want Canadian teams to have the advantage tho, it’s pretty obvious.
- Dozzer

Every year with the tax conversation by the experts of 40hr work week tax plans.

It does not work as simply as a salary X a tax rate.

I guarantee the most any hockey player pays as a tax rate is 15% at the end of the day. I would suspect its closer to 10%.

It sure is poop isn't the same as Sammy the garbarge collector who works 40hrs and 10hrs of OT.

And it fact, every year these posts start some one else posts an actual breakdown of how it works that everyone ignores.

Hi

Fantasy question.

15 team points only pool. Snake draft with 15th overall pick.

Keep 1 (or none)…

A. Keller in the 3rd round (45th pick)
B. Mittelstadt in the 12th round
C. Neither. Not enough value.
- As_I_See_It

Mittelstadt in the 12th round sounds like a steal to me.

Every year with the tax conversation by the experts of 40hr work week tax plans.

It does not work as simply as a salary X a tax rate.

I guarantee the most any hockey player pays as a tax rate is 15% at the end of the day. I would suspect its closer to 10%.

It sure is poop isn't the same as Sammy the garbarge collector who works 40hrs and 10hrs of OT.

And it fact, every year these posts start some one else posts an actual breakdown of how it works that everyone ignores.
- underhill14

You don’t read about this much do you? It’s out in the open and it’s why JT is going against the CRA in court. The CRA says JT still owes $6.8 million plus $1.6 million off of $17 million. JT says he was still in NY when he got it so he shouldn’t owe it to Canada.

However for your numbers look at it clearly. The CRA wants $8.4 million more when JT has only paid $835K. If the CRA wins then they get a total of $9.235 million (roughly, there are minor tweaks) but long story short 53.53% would mean about $9.1 million. There are rounded out numbers here but it’s really simple, salary taxation exists and does not change. Players try to take money in the US all the time. Look at Matthews, makes league minimum $775,000 and gets the rest as a bonus while living in Arizona where his taxation is only 38.5%.

Every year with the tax conversation by the experts of 40hr work week tax plans.

It does not work as simply as a salary X a tax rate.

I guarantee the most any hockey player pays as a tax rate is 15% at the end of the day. I would suspect its closer to 10%.

It sure is poop isn't the same as Sammy the garbarge collector who works 40hrs and 10hrs of OT.

And it fact, every year these posts start some one else posts an actual breakdown of how it works that everyone ignores.
- underhill14

And to simplify it’s why the JT vs CRA is MASSIVE. It could change every little trick players use to play in Canada. Matthews would cost $16 million here to get the same take home if he gets now while living in Arizona when he receives bonuses.

The tricks NHLers have used are likely coming to an end and it’s something that has just started.

And to simplify it’s why the JT vs CRA is MASSIVE. It could change every little trick players use to play in Canada. Matthews would cost $16 million here to get the same take home if he gets now while living in Arizona when he receives bonuses.

The tricks NHLers have used are likely coming to an end and it’s something that has just started.
- Dozzer

The league would definitely have to work with the players association to remedy that because that would be a big problem….

Berube: He is a big, strong guy. I was impressed with him. It was a tough practice, but his pace did not drop off. He is a big, strong kid and a strong skater. There is some really good stuff there. I love his size.

On grebenkin


Dark horse to make the team imo

Berube: He is a big, strong guy. I was impressed with him. It was a tough practice, but his pace did not drop off. He is a big, strong kid and a strong skater. There is some really good stuff there. I love his size.

On grebenkin


Dark horse to make the team imo
- Santo_44

Who was he talking about? AN?

Who was he talking about? AN?
- Whipper

Grebenkin

The league would definitely have to work with the players association to remedy that because that would be a big problem….
- dozerD10

All I’d like to see is a cap based on take home. No more financial games, just keep it simple and straight up. Don’t include the government’s taxation under the cap. Problem is tho that the wealthier teams would get a big advantage.

Shana- Scam "Run it Back....FOREVER."
These dudes have ossified, risk-averse brains which cannot fathom any possibilities besides the old ones.
PREDICTION: Marner will get 4m more than Kucherov, 2m more than Pastrnak, 5m more than JT Miller....and Leafs media will call it a "bargain".

I’m telling you Leaf fans are absolutely the best man… they make raider and cowboy fan look like pikers…😆😆😆😆
- dozerD10

Remember, there was never really a Shanaplan. It was more the concept of a plan.

I won't get into specifics, but as a Florida resident who is self-employed, I pay an effective tax rate of 15.5% on my gross income. The money I make to support myself in Florida wouldn't work in Canada. I'd have to have two jobs with this income (which would put me in a higher bracket here).
- GalacticStone

You’re not taxed 37% federally down in the states without earning $578K+

I start out in the lowest bracket and by using deductions, I get it down to about 15.5%.

Tax code in the US is an arcane cluster(frank). Most people pay more than they need to and don't know it.

I'm sure most of these athletes are paying well below the max rate for their bracket.
- GalacticStone

From what I’ve read and heard they have to pay the initial tax(s) because that’s how they’re paid. They don’t get their full contract, just the post taxation payment, just like how any business pay their employees. However you’d be 100% right when it comes to players taking what they get and then burying it into savings/investments that make them additional money without getting taxed.

So initial taxation? Yes. Investing the money and paying taxes again on the additional earnings? A big no.

I start out in the lowest bracket and by using deductions, I get it down to about 15.5%.

Tax code in the US is an arcane cluster(frank). Most people pay more than they need to and don't know it.

I'm sure most of these athletes are paying well below the max rate for their bracket.

I'm not laughing all the way to the bank. My income is pretty low. I wouldn't be able to pull this off in most other states or Canada. I'm not living the high life.
- GalacticStone

As for your taxes from what I’m reading my guess is you’re in the $30-$35K zone? Says 12% there but it can be adjusted as well lol. I’ve heard the federal taxation in the US is all but simple lol.

Grebenkin
- Santo_44

Grebankonit
🤷

Yeah, I have no idea what these guys do. I'm sure they hire tax professionals and have wealth managers and all that. I consult with a friend who is an actuary and worked for the IRS for 15 years back in the 80's and 90's.

Base rates are one thing, but there is a whole wide constellation of deductions that are available to some taxpayers based on their income, living situations, financial accounts status, etc. It's nuts. I get it easy in Florida with no state tax, so that helps also.

I don't pay this same rate every year because my income fluctuates from year to year. My income has been down significantly since the pandemic started and never recovered fully. In years past, I have paid over double my current rate.
- GalacticStone

Well I’m sorry to hear you’re earning less but at least you pay less as well. As for the additional expenses I’m not shocked, I’ve heard that about the US, it’s not technically an income tax so it doesn’t fall under the initial number, which of course changes that initial number when it comes to what you pay.

I’m no accountant, but I always crunched numbers as a CET til the epilepsy took me down. Math is the one stupid thing my brain functions well at, everything else not so much, if at all

A simple flat rate would be so much easier for everybody. But that would put HR Block and half of the country's accountants out of business and we can't have that.
- GalacticStone

lol so very true

And I can see how some would hate a flat rate. Imagine if you earn the same but spend far more responsibly than another, and you’re expected to pay the same taxes? That would be annoying as hell. Same income tax sure, but beyond that it should be based on how a person uses their money.

I'll poop if Willy looks mediocre at center for a few games, but then he finally clicks and tears poop up while putting up career numbers.

Weirder poop has happened.
- GalacticStone

He's has played C for team Sweden in International hockey.

He's a Harvard man.

He'll outsmart the opposition.
- Atomic Wedgie

I was thinking of T. Bozak but he went to University of Denver

Gotta weird feeling about this A Nylander situation. Think he might of had a partying situation or some off ice issue that he had shake off and needed his brother to kinda babysit and keep him busy and focused.

Toronto then agreed to the AHL deal and maybe if he passed a few drug tests and performed well...NHL contract. Something is up and ANylander is a much better player than he is getting credit for...or has the potential to be. Having his older brother to guide him good be a great thing for the Leafs.

If that is the case, Robertson is gonna need to step up or him and Lily are gone (Lily due to money and Hawktuah).

I think we could see this...

Knies, Matthews, Domi
A.Nylander, Nylander, Marner
Patches, Tavares, Jarnkrok
McMann, Kampf, Lorentz/Reaves

OR

Knies, Matthews, Domi
Patches Nylander, Marner
Robertson, Tavares, Jarnkrok
McMann, Kampf, Lorentz/Reaves

Reilly, Tanev
Benoit, McCabe
OEL, Hakanpaa

Woll/Stolarz
Murray

And I like it! GLG
- underhill14

Bérubé said that Domi will play with W. Nylander.

Knies, Matthews, Marner
A.Nylander/Robertson, W.Nylander, Domi
Patches, Tavares, Jarnkrok
McMann, Kampf, Lorentz/Reaves

Dewar will be back after having shoulder surgery

Off topic snd it's only the first day of camp, but if Nashville is serious about putting Stamkos on their top line, they are in for a sobering realization. Stamkos is top PP1 for sure, but not a solid top-3 option at 5v5 any more.

GLG

5'10" and 165lbs?

Paging Dr. Skalapy!
- GalacticStone

This guy will never sniff the marlies

Off topic snd it's only the first day of camp, but if Nashville is serious about putting Stamkos on their top line, they are in for a sobering realization. Stamkos is top PP1 for sure, but not a solid top-3 option at 5v5 any more.
- GalacticStone

I mean the Lightning have Point, Kucherov and Hagel who they played on the top line - but frankly Stamkos outperformed Hagel in production, just not in his two-way play nor his speed. But who else was in that top-6? Cirelli? Paul? Duclair? I mean on Tampa last year Stamkos was just fine to be a top-6 guy, I thought.

On Nashville you have O'Rielly (33), Forsberg (30), Nyqvist (35), Marchessault (33) and God, I don't know . . . Sissons (30) to go with Stamkos (34) in that top-6? You need some type of balance there, so Stamkos might just end up being on the top line.

I start out in the lowest bracket and by using deductions, I get it down to about 15.5%.

Tax code in the US is an arcane cluster(frank). Most people pay more than they need to and don't know it.

I'm sure most of these athletes are paying well below the max rate for their bracket.

I'm not laughing all the way to the bank. My income is pretty low. I wouldn't be able to pull this off in most other states or Canada. I'm not living the high life.
- GalacticStone

In Ontario if you are self employed and making $55 800 and under you would be taxed %15.5 from feds plus %5 from Ontario

So you could survive here......unlesss you make over that (up to $111 000, than the tax goes up to %20 and %9.