Mark Stone Hits The Tax Jackpot In Vegas - News Summed Up

Mark Stone Hits The Tax Jackpot In Vegas


You might be saying "wait I thought Nevada didn't have a state income tax." Stone will also be subject to Canadian tax on the ten games played in Canada and may potentially have other Canadian tax requirements. On top of the state income tax, players pay federal income tax. Under the recently passed federal tax law, a professional hockey player in the NHL will be subject to a federal tax rate anywhere between 24% and 37%. This cap according to Steve Lake*, a CPA and tax advisor, “could cost athletes hundreds of thousands more a year in taxes.”The state tax rate can be quite high.


Source: Forbes March 07, 2019 13:52 UTC



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