January 30th, 2013, 09:49 AM #1
Could CA income tax affect ability to sign players?
Not looking to get political here...
But with CA's income tax on top earners now above 13%, anyone else besides me think that this could affect the ability of the Kings to sign top-flight players, vs teams located in other states with low (or even no) personal state income tax?
If I were a player looking to earn a big payday, and was looking at my options, a 13% hit to my take home pay would certainly make me think twice about California teams vs a team such as the Dallas Stars or even Florida Panthers who are in states with no income tax...
January 30th, 2013, 09:50 AM #2
1st Scoring Line
January 30th, 2013, 10:01 AM #3
they could go live in
(no income tax states)
But who would want to live in those states? LOL
ok, maybe Florida.
January 30th, 2013, 10:03 AM #4
if the CBA were created fairly...teams in these states should have that much % added to their salary cap as an allowance in order to prevent an unfair advantage going to the teams in states with no or low income taxes.
January 30th, 2013, 10:16 AM #5
The worst for a player is Tennessee.
January 30th, 2013, 10:18 AM #6
That is why athletes own homes in Florida.
It will not affect signings. Any "top earner" has a good tax dude that can show them how to squeeze deductions. Not to be cynical, but a lot of charity work is not being done out of the goodness in their heart.
January 30th, 2013, 10:19 AM #7
good thing the core is signed long term
January 30th, 2013, 10:22 AM #8
Professional player taxes are a weird deal. There's states that go after visiting players incomes as well. I'd say overall these guys trust their tax people to help them out and figure most of the returns will be marginal. The cost of living would be another possibly larger factor for most of these guys but it doesn't seem to stop people from going to expensive markets.
January 30th, 2013, 10:23 AM #9
I think the tax issue is offset by the desirability of living in SoCal.
January 30th, 2013, 10:32 AM #10
Are you kidding me? Haven't you seen the news stories coming out of Florida? Them bitches CRAZY!
Originally Posted by Russ