During recent contract negotiations with the Florida Panthers, Brad Marchand factored in the 0% income tax in the state when he was getting offers from other teams. In fact, he explains, the lack of an income tax was so important during negotiations that Florida was able to re-sign Marchand, as well as Sam Bennett and Aaron Ekblad. The AP’s Tim Reynolds reports:
“It’s part of why it didn’t work out in Boston,” Marchand said. “It’s the main reason it didn’t work out in Boston.”
But Florida comes with other perks. The team’s practice facility is a palace. The club has won the last two Stanley Cup titles and figures to contend for more championships for years to come. The weather is nothing to complain about. And Marchand confirmed that, yes, the fact Florida has no state income tax doesn’t hurt.
“If we we’re not in a no-tax state it wouldn’t work out, probably for two guys. Two guys probably would be leaving in that situation,” Marchand said. “That’s a benefit that this team has that we able to utilize and make work. I’m thrilled to be here for the next six years.”
Action Line: Whether you’re locked into a six-year multi-million dollar deal, or just making your way, state income tax can make a big difference in the amount of money you get to keep. If you’re currently in a high-tax state, and you’re looking for a better America, start your search with Your Survival Guy’s 2025 Super States. And click here to subscribe to my free monthly Survive & Thrive letter.
