Tax Trophy
05/12/2017 |
The Friday File: If your favorite sports team isn’t winning, don’t blame the players, coaches, and GMs, blame politicians! Turns out that the higher the income tax rate, the lower the team winning percentage. This effect is most powerful for teams in leagues that have salary caps; they cannot compensate players for their increased taxes. This helps explain why my Montreal Canadiens haven’t won the Stanley Cup since, sigh, 1993!