US tax changes level the field for Canadian teams?

[dash]

On January 1, 2013, the Bush tax cuts expired, returning the highest individual U.S. tax rate to 39.6% from the 2012 high of 35%. The Pease adjustment—the itemized deduction phase-out—which can limit a high-earner’s deductions by as much as 80%, returned after a three-year hiatus. Also, the 0.9% Medicare Surtax was instituted as part of the Affordable Care Act (aka, Obamacare).

This is great news for players on the teams that finished 12th and 13th (out of 15) in the Western Conference last year. The Edmonton Oilers and Calgary Flames hail from the tax haven of Alberta, Canada, which boasts the lowest income tax rate in Canada. With its 10% provincial rate combined with Canada’s 29% federal rate, Alberta’s marginal tax rate is lower than the U.S.’s top 2013 federal rate, without regard to state taxes.

This means Calgary and Edmonton players receive the highest after-tax income of any in the NHL, including Florida. Additionally, unlike Florida, Alberta has relatively low property taxes and no sales tax. Oh, and they receive free healthcare without paying a 0.9% tax on income over $200,000.

source: U.S. Tax Changes Level the Playing Field for Canadian NHL Teams - Forbes

 

[KennyBanyeah]

Actually Dash, if the players are making less than about $120,000/year there are lower tax provinces in which to live (including Ontario). Soooo the Leafs and Sens have got that going for them, which is nice.

 

[DevilishWon]

On January 1, 2013, the Bush tax cuts expired, returning the highest individual U.S. tax rate to 39.6% from the 2012 high of 35%. The Pease adjustment—the itemized deduction phase-out—which can limit a high-earner’s deductions by as much as 80%, returned after a three-year hiatus. Also, the 0.9% Medicare Surtax was instituted as part of the Affordable Care Act (aka, Obamacare).

This is great news for players on the teams that finished 12th and 13th (out of 15) in the Western Conference last year. The Edmonton Oilers and Calgary Flames hail from the tax haven of Alberta, Canada, which boasts the lowest income tax rate in Canada. With its 10% provincial rate combined with Canada’s 29% federal rate, Alberta’s marginal tax rate is lower than the U.S.’s top 2013 federal rate, without regard to state taxes.

This means Calgary and Edmonton players receive the highest after-tax income of any in the NHL, including Florida. Additionally, unlike Florida, Alberta has relatively low property taxes and no sales tax. Oh, and they receive free healthcare without paying a 0.9% tax on income over $200,000.

source: U.S. Tax Changes Level the Playing Field for Canadian NHL Teams - Forbes

But they gotta live in Alberta

 

[DevilishWon]

Actually Dash, if the players are making less than about $120,000/year there are lower tax provinces in which to live (including Ontario). Soooo the Leafs and Sens have got that going for them, which is nice.

So maybe the locker room guys?

 

[dash]

But they gotta live in Alberta

Hey now, it's not that bad.

/Okay, Edmonton isn't that great (lol)

 

[BlueWolfZero]

That's just one of the factors that keeps players south of the border...the biggest though will still be the pressure of playing in a rabid hockey market

 

[DevilishWon]

Hey now, it's not that bad.

/Okay, Edmonton isn't that great (lol)

Never been but I hear it's like Green Bay without the cosmopolitan flair...and colder.