PuckPedia Tax Calculator

[PromoTheRobot]

https://puckpedia.com/tax-calculator

Now you can see how much more or less of a tax bite a player gets when changing teams.

[JoeSchmoe]

Pretty cool. I always thought though that you pay tax based on where you earned it though.

So Buffalo's away games in Nashville for instance are taxed at the Nashville rates. As a result, I thought there was better tax parity compared to whats shown in this calculator. Seems odd that the Sabres and Islanders would have the exact same tax rate based on presumably different schedules. NYR is higher, but that could be a Manhattan thing. Toronto and Ottawa are identical too... As are all the CA teams.

Maybe I was misinformed.

[Taro T]

1 hour ago, JoeSchmoe said:

Pretty cool. I always thought though that you pay tax based on where you earned it though.

So Buffalo's away games in Nashville for instance are taxed at the Nashville rates. As a result, I thought there was better tax parity compared to whats shown in this calculator. Seems odd that the Sabres and Islanders would have the exact same tax rate based on presumably different schedules. NYR is higher, but that could be a Manhattan thing. Toronto and Ottawa are identical too... As are all the CA teams.

Maybe I was misinformed.

You get paid every day you are on an NHL roster.  Pay is meted out on a ~1/187th rate (the approximate # of days in a regular season).  MOST of your off-days, you are at home so the vast majority of your pay is earned at home.

But IIRC a handful of states have really onerous tax rates on pro athletes showing up from other states.  Recall having read articles to that effect, but don't know how accurate the articles were.  (Supposedly, regardless of how the players get paid, they base their calculation on a different formula so that guys that are up from the minors can essentially owe everything they made on that particular callup.  Take it with a grain of salt as personally have never verified those articles.)

[steveoath]

5 hours ago, Taro T said:

You get paid every day you are on an NHL roster.  Pay is meted out on a ~1/187th rate (the approximate # of days in a regular season).  MOST of your off-days, you are at home so the vast majority of your pay is earned at home.

But IIRC a handful of states have really onerous tax rates on pro athletes showing up from other states.  Recall having read articles to that effect, but don't know how accurate the articles were.  (Supposedly, regardless of how the players get paid, they base their calculation on a different formula so that guys that are up from the minors can essentially owe everything they made on that particular callup.  Take it with a grain of salt as personally have never verified those articles.)

The jock tax

[PromoTheRobot]

13 hours ago, JoeSchmoe said:

Pretty cool. I always thought though that you pay tax based on where you earned it though.

So Buffalo's away games in Nashville for instance are taxed at the Nashville rates. As a result, I thought there was better tax parity compared to whats shown in this calculator. Seems odd that the Sabres and Islanders would have the exact same tax rate based on presumably different schedules. NYR is higher, but that could be a Manhattan thing. Toronto and Ottawa are identical too... As are all the CA teams.

Maybe I was misinformed.

I think you are right. 

[Stoner]

I'll ask again... why would anyone care about this?

[JoeSchmoe]

7 minutes ago, Stoner said:

I'll ask again... why would anyone care about this?

Why care about anything?

[Jorcus]

13 hours ago, JoeSchmoe said:

Pretty cool. I always thought though that you pay tax based on where you earned it though.

So Buffalo's away games in Nashville for instance are taxed at the Nashville rates. As a result, I thought there was better tax parity compared to whats shown in this calculator. Seems odd that the Sabres and Islanders would have the exact same tax rate based on presumably different schedules. NYR is higher, but that could be a Manhattan thing. Toronto and Ottawa are identical too... As are all the CA teams.

Maybe I was misinformed.

 

Not only do  you pay the away state tax when you play the game but also the time you spent in the state. I don't know when it starts and stops but on the Sabres recent trip they had off days where they would be under the California tax. The accountants nightmare. I guy I worked with had a son in theater. He would do a lot of touring company plays that moved from state to state. He went through the same thing at a much lower income.

[JoeSchmoe]

4 minutes ago, Jorcus said:

 

Not only do  you pay the away state tax when you play the game but also the time you spent in the state. I don't know when it starts and stops but on the Sabres recent trip they had off days where they would be under the California tax. The accountants nightmare. I guy I worked with had a son in theater. He would do a lot of touring company plays that moved from state to state. He went through the same thing at a much lower income.

If they're billing by the hour, this sounds more like a dream than a nightmare.

[LTS]

21 minutes ago, Stoner said:

I'll ask again... why would anyone care about this?

Well, my son is currently studying sports management, so conversations like this are quite pertinent and I find it's useful for me to have knowledge so I can assist him in better understanding concepts and how the world works.

That's one reason. I can think of many others.

The obvious reciprocating question is, "Why do you care who cares about this?"

 

[matter2003]

13 hours ago, Taro T said:

You get paid every day you are on an NHL roster.  Pay is meted out on a ~1/187th rate (the approximate # of days in a regular season).  MOST of your off-days, you are at home so the vast majority of your pay is earned at home.

But IIRC a handful of states have really onerous tax rates on pro athletes showing up from other states.  Recall having read articles to that effect, but don't know how accurate the articles were.  (Supposedly, regardless of how the players get paid, they base their calculation on a different formula so that guys that are up from the minors can essentially owe everything they made on that particular callup.  Take it with a grain of salt as personally have never verified those articles.)

Yeah the accountants who have to do tax returns for athletes are definitely worth every penny...filing that return must take days.

Interesting how the different sports pay differently. In the NFL you get paid per game so your paycheck would be broken down into 1/17th each week you play.  Also, unless you are a star player that has some sort of clause in the contract you only get paid half your normal salary if you end up on IR for those games.

Edited November 26 by matter2003

[Palm Trees And Taxes]

1 hour ago, Stoner said:

I'll ask again... why would anyone care about this?

Because it means more then most fans realize: Maybe it is coincidence, maybe not but:

11 of the last 20 Conference Finals teams in the NHL are from the tax friendliest markets: Florida, Texas and Nevada

An example:

I believe this is why teams like Buffalo and Montreal have given out long term deals to young players earlier to help ease that tax disadvantage, especially Montreal. It is a risk that some franchises have to take more then others.

 

Edited November 26 by Ruff Around The Edges

[JoeSchmoe]

54 minutes ago, Ruff Around The Edges said:

Because it means more then most fans realize: Maybe it is coincidence, maybe not but:

11 of the last 20 Conference Finals teams in the NHL are from the tax friendliest markets: Florida, Texas and Nevada

An example:

I believe this is why teams like Buffalo and Montreal have given out long term deals to young players earlier to help ease that tax disadvantage, especially Montreal. It is a risk that some franchises have to take more then others.

 

This has to be addressed in the next CBA. Have adjusted team caps based on local tax rate.

It'd be tricky to arrive at the right compensation factor as taxes can be avoided (to some extent), but anything would be an improvement over the current system.

[xzy89c1]

3 hours ago, Stoner said:

I'll ask again... why would anyone care about this?

because it has a massive effect on where people sign contracts. Can save ten millionish on a 100 million dollar contract if you sign in florida, Washington or Nashville due to state taxes.

3 hours ago, Jorcus said:

 

Not only do  you pay the away state tax when you play the game but also the time you spent in the state. I don't know when it starts and stops but on the Sabres recent trip they had off days where they would be under the California tax. The accountants nightmare. I guy I worked with had a son in theater. He would do a lot of touring company plays that moved from state to state. He went through the same thing at a much lower income.

does anyone know the exact rules on this? i am asking someone who will know, but he is not always responsive.

[Taro T]

1 hour ago, JoeSchmoe said:

This has to be addressed in the next CBA. Have adjusted team caps based on local tax rate.

It'd be tricky to arrive at the right compensation factor as taxes can be avoided (to some extent), but anything would be an improvement over the current system.

Don't see any way state by state (nor province by province) tax rates will get factored into the next CBA.  It won't even address country vs country tax rates / exchange rates except in the manner it currently does.

Talk about opening a can of worms.

There's one other correlation that those FLA and NV teams that made it to the conference finals had in common (not sure if that Dallas team did this or not as well, but the 2 FLA teams and Vegas definitely did); and that is - they played very fast and loose with the BF-LTIR exemptions from salary cap compliance.  Now THAT is an item that the league might actually address.

That FL tax advantage wasn't much of a factor for the Swamp Cats when they were in the midst of an 11 playoff drought.

Edited November 26 by Taro T

[Stoner]

4 hours ago, LTS said:

Well, my son is currently studying sports management, so conversations like this are quite pertinent and I find it's useful for me to have knowledge so I can assist him in better understanding concepts and how the world works.

That's one reason. I can think of many others.

The obvious reciprocating question is, "Why do you care who cares about this?"

 

It's odd. That's all. This is a place for discussion of the Buffalo Sabres. It's an entertainment product. Millions of things go into that product that consumers of that product should have no earthly interest in. Perhaps we need a website that estimates the cost of uniforms for security personnel in all arenas, which teams compensate and what percentage, etc.

[SHAAAUGHT!!!]

9 minutes ago, Stoner said:

It's odd. That's all. This is a place for discussion of the Buffalo Sabres. It's an entertainment product. Millions of things go into that product that consumers of that product should have no earthly interest in. Perhaps we need a website that estimates the cost of uniforms for security personnel in all arenas, which teams compensate and what percentage, etc.

Words.  These are words.  More words.  Look at me.  Why not words?  Maybe words are a good idea?  Word.

[Ctaeth]

11 minutes ago, Stoner said:

It's odd. That's all. This is a place for discussion of the Buffalo Sabres. It's an entertainment product. Millions of things go into that product that consumers of that product should have no earthly interest in. Perhaps we need a website that estimates the cost of uniforms for security personnel in all arenas, which teams compensate and what percentage, etc.

I'm not sure you've read all the responses above, but they outline why this is relevant to the Sabres.  Regardless, knowing more then necessary is never a bad thing

[LTS]

24 minutes ago, Stoner said:

It's odd. That's all. This is a place for discussion of the Buffalo Sabres. It's an entertainment product. Millions of things go into that product that consumers of that product should have no earthly interest in. Perhaps we need a website that estimates the cost of uniforms for security personnel in all arenas, which teams compensate and what percentage, etc.

Certainly the predominance of conversation is about the Buffalo Sabres. However, let's not pretend there isn't a Buffalo Bills thread, an Other Sports thread, an Around the NHL thread, and so on.

So what makes you pick this particular non-Buffalo Sabres conversation as the one to ask why people care?

As for what websites exist on the Internet?  Well, you know that's a hole I am not going down.  I learned my lesson a long time ago when I joked that there was a site for everything. I bet there was an uglypeople.com site.. and there was and the conversation went downhill from there.

 

[Stoner]

I'm sure there are Oscar Mayer hot dog fans who would love to find out the last time they checked the tire pressure on the Wiener Mobile.

In other news we might just have a non terrible hockey team to focus our attention on this season.

[SwampD]

12 hours ago, steveoath said:

The jock tax

Since it was most likely tax money that paid for the arenas they are playing in, seems only fair.

5 hours ago, Stoner said:

I'll ask again... why would anyone care about this?

Gotta complain about something. Good a reason as any.

1 hour ago, Stoner said:

It's odd. That's all. This is a place for discussion of the Buffalo Sabres. It's an entertainment product. Millions of things go into that product that consumers of that product should have no earthly interest in. Perhaps we need a website that estimates the cost of uniforms for security personnel in all arenas, which teams compensate and what percentage, etc.

1 hour ago, Ctaeth said:

I'm not sure you've read all the responses above, but they outline why this is relevant to the Sabres.  Regardless, knowing more then necessary is never a bad thing

Says nothing about house prices or other prices. Every time I’m back in WNY, I’m amazed at how easy it is to live there,… and how cheap.

[Thorner]

5 hours ago, Stoner said:

I'll ask again... why would anyone care about this?

“W.C.K.A.H.E.D.?”

Edited November 26 by Thorner

[Stoner]

23 minutes ago, Thorner said:

“W.C.K.A.H.E.D.?”

Treat yourself to a round of sausage!

[JoeSchmoe]

2 hours ago, Stoner said:

It's odd. That's all. This is a place for discussion of the Buffalo Sabres. It's an entertainment product. Millions of things go into that product that consumers of that product should have no earthly interest in. Perhaps we need a website that estimates the cost of uniforms for security personnel in all arenas, which teams compensate and what percentage, etc.

This discussion is 100x more relevant to hockey than mock drafts are in football, yet those get airplay from January to draft day.

It boggles my mind that someone would think that they can compare players that never played against each other, at different positions, in different conferences, with 32 teams all having unknown priorities. That's a true time and effort waster.

Edited November 26 by JoeSchmoe

[xzy89c1]

OK, texted with guy in NHL, he said it was important a couple of years ago when localities started complaining players were not playing and the league sent out a memo. It affects the highest paid players who will be tracked as it is a lot of money. Up to individual players though and tracking who was on the roster and played that game is a lot of work. He said he does not pay the taxes as he is a lower tier player, and the amounts are so low that it will cost more to go after him. As far as spending the week in Cali, he can't imagine a player paying for all those days in taxes instead of just the three game days.

Also said it is absolutely a part of a players signing to account for taxes and cost of living. Again, the lower mid-tier type guys.