http://johnchidleyhill.com/?p=286 A blog about reading, writing, pop culture and sports. Wed, 05 Feb 2014 05:14:52 +0000 hourly 1 https://wordpress.org/?v=4.1.41 http://johnchidleyhill.com/?p=286&cpage=1#comment-1231 Wed, 14 Aug 2013 01:04:44 +0000 http://johnchidleyhill.com/?p=286#comment-1231 […] The second problem is taxes. A Raptor who earns $10 million per year would have to pay approximately $2.9 million in taxes while if he was playing for a team south of the boarder, he would pay about $430,000. […]

]]> http://johnchidleyhill.com/?p=286&cpage=1#comment-813 Thu, 13 Jan 2011 19:50:01 +0000 http://johnchidleyhill.com/?p=286#comment-813 […] "Toronto has two strikes against it for most professional athletes" – Mar. 9th 2010 I wrote this piece between Roy Halladay’s departure to the Philadelphia […]

]]> http://johnchidleyhill.com/?p=286&cpage=1#comment-77 Wed, 10 Mar 2010 19:15:03 +0000 http://johnchidleyhill.com/?p=286#comment-77 […] I was writing Tuesday’s piece on why players leave Toronto’s sports teams, I began to toy with the idea of athletes who have moved from team to team, and came to the […]

]]> http://johnchidleyhill.com/?p=286&cpage=1#comment-75 Tue, 09 Mar 2010 21:02:35 +0000 http://johnchidleyhill.com/?p=286#comment-75 Also, you forgot to mention currency fluctuations – professional sports salaries are denominated in US dollars, so a historically weak Canadian currency makes it difficult to match what can be offered by American teams – right now, we are at parity so they can pay Bosh whatever they want!

]]> http://johnchidleyhill.com/?p=286&cpage=1#comment-74 Tue, 09 Mar 2010 20:56:25 +0000 http://johnchidleyhill.com/?p=286#comment-74 I think you are a little off on the US income tax – the income tax in the US is way above 4.3%. In fact, according to wikipedia the marginal tax rate for those earning above $357K is 35%. This is much higher than in Canada (http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#Year_2010_income_brackets_and_tax_rates) and does not include payroll taxes (medicare and social security) which amount to approx. 4.3%, and state taxes, which tend to vary but are comparable with our provincial income taxes. So not taking into account deductions, it actually seems more monetarily favorable for an athlete to work in Canada as we have lower taxes.

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