DusterBuster wrote:Fairview4Life wrote:dafan590 wrote:Sorry guys but I am not sure why Damian Lillard would agree to come here....it's not like he's the last missing key piece for us
In 2017-2018, we were 1st seed and got swept by lebron in the 2nd round.....so we went and got Kwahi to put us over the top the following season.
What make you think we could do it again with Damian Lillard this time? Last year we lost the play in game!!!!
How can we convince Damian Lillard to stay he's getting traded to here?????

I'm confused right now.

2) Taxes. Dame has a zero percent income tax in Florida, a 53% (I heard, haven’t fact checked) income tax. When making 60mil… I get it.
Those reasons would be real for saying no to Toronto for Dame. And honestly Goodwin too. He’s got just as much of a reason to want that zero % income tax. It’s a real reason some teams get players on the regular that others don’t. When Vegas gets a team, they’ll get stars left right and center, just watch.
The next CBA should have some sort of a condition for evening income tax across the league to stop this from being an unfair advantage just because of the state they’re in. Maybe a legal reason they can’t do that?
Of maybe it’s not a major influence factor and I’m just getting old. Idek anymore.
The tax situation is heavily overstated and is mostly a nonfactor for a player coming from Portland to Toronto.
https://www.bloomberg.com/news/articles/2023-06-01/portland-tops-cities-where-high-earners-face-biggest-tax-hit?embedded-checkout=trueBasically when Dame signed that giant contract he already accepted high taxes were being paid out. Not too dissimilar to New York or Cali and yes, Toronto. Not to mention the tax credits/shelters.
Important to remember this is just for home games. Players are taxed for away games in each state anyway.
https://www.espn.com/nba/story/_/id/38492423/nba-survey-league-insiders-weigh-wembanyama-mvp-race-2023-24-favoritesThe difference between Lowry and Blake Griffin (Cali) isn't a lot. James Harden (Texas taxes) and Lowry sure but if taxes was a concern for Dame he would have left Portland years ago lol.
But you also have to factor in a 15% max signing bonus the NBA allows which is taxed differently. There's a reason Auston Matthews makes most of his money in a signing bonus in Arizona on July 1st. I would also guarantee his agent has a good tax lawyer for endorsement deals at tax friendly states.
But could Dame make a lot more money going to a Florida team? Sure but going to Toronto would be a wash with the taxes in Portland, Cali or New York.
One thing to also add is that Dame's contract would also be paid entirely in USD. While our housing prices are insane that's a nice 20% USD to CAD discount your money goes to things with a higher purchasing power like partying with Drake, going out to eat, buying strippers or etc.
You can also get into the conversation if (ballpark number) $150 million taxed in Canada/Portland/New York/LA is all that different from $170-180 million taxed in Florida, Utah, Memphis, OKC? Like what does that extra money buy you? After a certain amount of money your quality of life isn't improved that much.
TLDR: the federal taxes comes out to mostly a wash for both countries. The state taxes really only matter for half the season ("home games") and even then there are tax shelters in place.
Now if you said weather, yeah. No doubt we can't compete with that ... but again ... dude is coming from Portland lol.