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Salary tax deduction

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07-15-2013, 02:59 PM
  #1
Galchenfou
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Salary tax deduction

This is a proposal for a salary system that would consider salary tax deductions in every city. This would prevent a city being disadvantaged when wanting to sign a FA or help while simply trying to convince a player to stay.

A salary should count as S - local tax % of S.

The cap would of course drop because we dont count taxes anymore and teams in high taxed cities would have to pay more to basically match a same amount of money counted towards the cap contract.

Also, the tax% can change from a year to another but I guess GMs would be able to deal with it.

Thoughts?


Last edited by Galchenfou: 07-15-2013 at 03:01 PM. Reason: capital S
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Old
07-15-2013, 03:42 PM
  #2
IceAce
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That would only make sense if players only paid taxes in their home cities. As "entertainers," these guys pay taxes in just about every city they play in. (This is the popular misnomer when a player signs with a Texas or Florida team that they wouldnt be paying ANY state/local taxes. They would, just not on home games)

And something like this is only really going to benefit the max cap/major market American teams. Philadelphia, for instance, has the highest city wage tax in the US (I know, I pay it ), which means they'd be able to go over the cap the most. They'd be followed closely behind by NY, and other big cities where tax rates tend to already be high.

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07-15-2013, 03:48 PM
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tucker3434
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Quote:
Originally Posted by Kostansin 46 View Post
This is a proposal for a salary system that would consider salary tax deductions in every city. This would prevent a city being disadvantaged when wanting to sign a FA or help while simply trying to convince a player to stay.

A salary should count as S - local tax % of S.

The cap would of course drop because we dont count taxes anymore and teams in high taxed cities would have to pay more to basically match a same amount of money counted towards the cap contract.

Also, the tax% can change from a year to another but I guess GMs would be able to deal with it.

Thoughts?
I'd see that as an extremely complicated solution to something that isn't really a problem. TX and FL have a slight advantage over everybody else, but I don't think it's enough to merit a rule change.

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07-15-2013, 08:22 PM
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Swarez
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Quote:
Originally Posted by tucker3434 View Post
I'd see that as an extremely complicated solution to something that isn't really a problem. TX and FL have a slight advantage over everybody else, but I don't think it's enough to merit a rule change.
Alberta is on that list too, same top rate as TX and FL. 39% (and change)
I am sure you hit top tax rate at a lower income in Alberta though compared to TX/FL.

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