High income tax means no Stanley Cup for 31 years

EXC
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High income tax means no Stanley Cup for 31 years

I'm not a hockey fan, but last night I was rooting for no state income tax Florida over Socialist Canada. Florida is not a hotbed for hockey, but they attract great players with no income tax.

 

Not just me a lot of others have noticed this too.

 

https://nypost.com/2024/06/08/sports/nhl-needs-to-fix-tax-inequity-issue-in-hard-cap-system/

 

Not just hockey, but over time everything is going to suck in places with high income taxes. Cities and states that with high income taxes are going to drive away high income earners and attract welfare queens. Over time everything is going to suck not just the sports teams.

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success. --Mark Skousen


Beyond Saving
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 That's ridiculous.

 

That's ridiculous. Athletes often don't live in the state that they play for. I find it ironic that the guy in the picture of the article: Vladimir Tarasenko lives in St. Louis Missouri. So any work done in a state with no taxes, he then has to pay taxes in Missouri. (He also very quickly left Florida and is now with the well known low tax right wing bastion of Detroit)

 

I doubt most athletes are making their decisions primarily based on taxation. I'd be surprised if there is a single NHL player who does their own taxes to know how much they are being taxed. Money managers are very common in that sector and they give the athletes a stipend of "a lot" of money to blow after they've paid the bills, invested some of the money, paid taxes, etc. Something that more than a few fraudsters have taken advantage of is that the average athlete doesn't know how much money they have or where it is. For those who do put the time into managing their own money, state taxes probably isn't a top concern. A much greater concern would be making sure you can get on a team where you can look good, and have good potential to parley your sports career into advertising deals - which is where the real money is. 

If, if a white man puts his arm around me voluntarily, that's brotherhood. But if you - if you hold a gun on him and make him embrace me and pretend to be friendly or brotherly toward me, then that's not brotherhood, that's hypocrisy.- Malcolm X


EXC
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Beyond Saving wrote: That's

Beyond Saving wrote:

 

That's ridiculous. Athletes often don't live in the state that they play for. I find it ironic that the guy in the picture of the article: Vladimir Tarasenko lives in St. Louis Missouri. So any work done in a state with no taxes, he then has to pay taxes in Missouri. (He also very quickly left Florida and is now with the well known low tax right wing bastion of Detroit)

 

I doubt most athletes are making their decisions primarily based on taxation. I'd be surprised if there is a single NHL player who does their own taxes to know how much they are being taxed. Money managers are very common in that sector and they give the athletes a stipend of "a lot" of money to blow after they've paid the bills, invested some of the money, paid taxes, etc. Something that more than a few fraudsters have taken advantage of is that the average athlete doesn't know how much money they have or where it is. For those who do put the time into managing their own money, state taxes probably isn't a top concern. A much greater concern would be making sure you can get on a team where you can look good, and have good potential to parley your sports career into advertising deals - which is where the real money is. 

The fact that athletes turn over decision making to profession agents is all the more reason to think this is a factor in where players end up. Any good agent that is looking out for the players long term finances is going to look at taxes as a big part of the equation of where he should play and would recommend Florida over Canada. Canada has a mass emmigration of all kinds of people due to taxes and high cost of living due to taxes being passed along.

Have you noticed that cities and states that have income tax attract poor people and repel high income earners? Those without attract high income earners? Income tax is a form of slavery.

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success. --Mark Skousen