via Derek Helling, LastWordOnSports.com
There were several bids for NHL expansion, but ultimately Las Vegas has won out. Among many things, the difference in tax laws between Nevada and Quebec may have tipped the scales in favor of Sin City.
NHL Expansion: Tax Law was the Deciding Factor
Nevada has no state income tax, making Las Vegas attractive for several reasons. Players for the new team in Las Vegas won’t have to pay state income tax on their salaries, and the same goes for other franchise and NHL staff. Additionally, dividends paid to investors in Nevada won’t be diminished because of a state income tax, either.
How big is the difference? Using the average player salary as an example demonstrates it clearly.
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