BA wanted to get his 2 cents worth in I guess.
Wouldn't that be in violation of the cap, to pay in cash and not report it (tic).
BA wanted to get his 2 cents worth in I guess.
I dunno…. does BA’s pay count against the cap??Wouldn't that be in violation of the cap, to pay in cash and not report it (tic).
...but he gave his 2 cents to McBain!I dunno…. does BA’s pay count against the cap??
I feel he already is. To me McBain is a huge part of this culture change that seems to be going on. Guys like him are exactly what BA wants going forward. Shades of Dallas Drake.I have a feeling by next season Mcbain will be underpaid
Lower tax bracketWhy did they short him by $0.02 ?
Absolutely. Just feel like he is the absolute embodiment of what Bill Armstrong Coyotes hockey wants to be. Good enough to play with skill, can't wait to see him in the playoffs I hope. The attitude is everything and just seems the player every team is desperate to find more of. Depending on how his body holds up, core piece for a long time I hope.I feel he already is. To me McBain is a huge part of this culture change that seems to be going on. Guys like him are exactly what BA wants going forward. Shades of Dallas Drake.
yep. Some scoring (12-14-26) and a ton of physicality.embodiment of what Bill Armstrong Coyotes hockey wants to be.
Somebody on the forum last yr tagged mcbain as “axe murderer”. for some reason i like that one. his checks can be tough on the opponent. i still think he should play in a tshirt with a cigarette dangling from his mouth.
Agreed. We all yearn for the 50 goal scorer or a true top line center man. The need for need elite bottom 6 players often gets overlooked on championship teams. Obviously Barbashev being the most recent example of impact. We have players now that take a little pride in their organization. I love that people hate playing us for multiple reasons and don’t see us as an easy win. Even Cooleys response to the outside rink noise was awesome because he genuinely looked pissed that it was asked. We finally have a pack mentality!Absolutely. Just feel like he is the absolute embodiment of what Bill Armstrong Coyotes hockey wants to be. Good enough to play with skill, can't wait to see him in the playoffs I hope. The attitude is everything and just seems the player every team is desperate to find more of. Depending on how his body holds up, core piece for a long time I hope.
I don't know how it works in Canada but that's not how taxes work here. You're essentially always better off making more money, going up and down in tax brackets does not change that.Lower tax bracket
I think it was a dig at the perception some people have that getting into the next tax bracket will "put less money in your pocket" which of course is nonsense.I don't know how it works in Canada but that's not how taxes work here. You're essentially always better off making more money, going up and down in tax brackets does not change that.
,,I don't know how it works in Canada but that's not how taxes work here. You're essentially always better off making more money, going up and down in tax brackets does not change that.
I think it was a dig at the perception some people have that getting into the next tax bracket will "put less money in your pocket" which of course is nonsense.
That's not how it works though, you only get taxed on the portion of income that is in the higher bracket. So using your higher earner example, the extra $5000 would be taxed at 32%, not the entire $185,000. You're not alone in misunderstanding this, a lot of people do actually, hence why the myth persists that by making more money you're actually making less because it puts you in a higher tax bracket.What about a scenario like this, based on the 2023 Federal Income Tax Brackets?
2023 Rates (partial):
Income: $11,000 to $44,725, Federal tax rate of 12%
- VS -
$44,725 to $95,325, Federal tax rate of 22%
Scenario:
Person just got a raise from $40,000 to $45,000. Federal tax rate almost doubles.
Taxes paid at $40,000 salary: $4,800
Taxes paid at $45,000 salary: $9.900
Increase in salary: $5,000
Increase in Federal taxes: $5,100
Or how about with a higher income:
$180,000 salary @ 24% = $43,200 in Federal taxes
$185,000 salary @ 32% = $59,200 in Federal taxes
Increase in salary: $5,000
Increase in Federal taxes: $16,000
Over twenty years ago I had a friend that went back to his boss (can't remember the outcome) and talked to him about how he was making less in net income after getting a raise due to just barely making it into the next higher tax bracket.
ummmm....okay.... if you've never been exposed to this, you need to be:What about a scenario like this, based on the 2023 Federal Income Tax Brackets?
2023 Rates (partial):
Income: $11,000 to $44,725, Federal tax rate of 12%
- VS -
$44,725 to $95,325, Federal tax rate of 22%
Scenario:
Person just got a raise from $40,000 to $45,000. Federal tax rate almost doubles.
Taxes paid at $40,000 salary: $4,800
Taxes paid at $45,000 salary: $9.900
Increase in salary: $5,000
Increase in Federal taxes: $5,100
Or how about with a higher income:
$180,000 salary @ 24% = $43,200 in Federal taxes
$185,000 salary @ 32% = $59,200 in Federal taxes
Increase in salary: $5,000
Increase in Federal taxes: $16,000
Over twenty years ago I had a friend that went back to his boss (can't remember the outcome) and talked to him about how he was making less in net income after getting a raise due to just barely making it into the next higher tax bracket.
Ah, ok. I just looked it up to verify and you are correct. Thanks for clarifying, that's good to know.That's not how it works though, you only get taxed on the portion of income that is in the higher bracket. So using your higher earner example, the extra $5000 would be taxed at 32%, not the entire $185,000. You're not alone in misunderstanding this, a lot of people do actually, hence why the myth persists that by making more money you're actually making less because it puts you in a higher tax bracket.
Yeah, that's obviously beyond me haha! Learned something new today, so there's that lol....if you really want to twist your head around, I was in a situation where I was about to get screwed by the Alternative Minimum Tax (the details escape me; I was at a level that required to fill out the worksheet for a few years but never had a tax increase)...but they have apparently 'fixed the glitch' - the AMT was starting to affect people it wasn't intended to affect.
Cool. Now when someone proposes some tax plan, you can say "hey, waaaaaait a minute....", which is the entire idea behind having an "educated populace"Yeah, that's obviously beyond me haha! Learned something new today, so there's that lol.
it's always better to make more. I was just kidding but yes we do have tax brackets where the % goes up at different levels of income.I don't know how it works in Canada but that's not how taxes work here. You're essentially always better off making more money, going up and down in tax brackets does not change that.
Hmmm, making $1,599,999.99 a year? Let me think about that for a while, I'm buying my Mega Millions lottery ticket...Craig basically said this was the ownership being asshats and proving a point by not going to 1.6 and making him sign 1,599,999.99 - they think it makes themselves seem formidable instead of laughable. The way Craig talked about this is the way he talks about things when he has a source and doesn’t want to say he has a source. Nobody else has to believe it but I sure do.