You’re in for a treat when you find out how much your favorite NHL team has been spending in the states.
In fact, there are over $4.4 billion in travel expenses that a team can claim to have spent in each state.
That’s $8 million per team.
Here’s what to look out for when you’re trying to figure out where you’ll spend your favorite teams money.
What’s the cost of travel?
How much does it cost?
Where do they get it?
Which hotels are best?
Here are some simple calculations to figure it out: $1,000: Hotel tax in each of the state.
If you spend $1 on a hotel, you’re paying $1.50 in hotel taxes in each, or a whopping $1 in state taxes per $1 spent.
For instance, if you’re in New York, and spend $200 on a night out at a hotel in New Jersey, you’d be paying $2.25 in state tax on that night, or $6.50 per $200 spent.
That works out to about $3.25 per $100 spent.
$2,000-3,000 a night: This one is a bit trickier, because hotels in New Hampshire and New Jersey are different sizes.
If your team spends $3,500 on a single night in New England, it’s still $2 in state income taxes.
But if you spend another $1 to get in, you’ll end up paying $3 in New Haven and $1 for the other hotels in the state, or an extra $2 state income tax.
But the $2 a night will still be $2 because it’s in New Hartford, and not New Hampshire.
$3 a night to $5 a night per team: You can see the difference in state rates when you use a chart like this one, which looks at how much each team has spent in different cities per team per year.
If a team spends a ton of money in a city, you can expect them to pay more taxes.
A team like Anaheim will be paying the state income and property taxes in Anaheim, California, and you’ll pay a hefty $3 per $2 spent in Anaheim.
A similar calculation looks at whether or not the team spent $100,000 in one city per year, and then uses a multiplier to get a figure like $5,000 per team, or about $7.25 a night for the team in question.
A hotel room in Las Vegas is $10,000, and a hotel room for a family of four in Chicago is $12,000.
But when you multiply $10K per team by $12K per family, you get $13,000 for a hotel and $5.50 for each family in the hotel.
For the $15,000 team in San Jose, that’s a $18,000 difference in taxes.
So a team like Tampa Bay could expect to pay $18.25 for a single room in the city of Tampa, Florida, and expect to be paying another $8 in state and local taxes in the process.
A player with $100 million a year in earnings in one state would pay $19,000 state income in that state.
The same amount in a state like Illinois could be used to pay taxes on $15 million in a hotel.
But with a team with $10 billion in annual revenue, a team could expect $11.5 million in state in income taxes, or less than $2 per $10 spent.
A luxury suite in Las Angeles would be taxed at $9,000 or more.
A suite in Miami would be valued at $10 million.
A home in New Orleans would be worth less than half of what it is today.
A $100M+ team in California would be able to pay about $5 per $4 spent, or under $2 each time.
This is just one example of how the different state rates can affect the amount you can claim.
But as you can see, it can be tricky to figure how much to pay in taxes to the government when you see that you’re spending $1 billion in state revenue each year.