this sickened me. white supremacists get off on terrorizing black people like this (especially those who can't defend themselves).
i wish breh, but that's only the case for physical injury, emotional damage like in this case doesn't count. this is just one more tool the government uses to discourage lawsuits. the taxable amount is based on the award before attorneys' fees so a poor client who hired on contingency and didn't get wounded may very well end up in the red after getting paid.Lawsuit Settlements are tax free bro
Ok but doesn’t this lawsuit classify as “personal injury” and emotional damage?i wish breh, but that's only the case for personal injury, emotional damage like in this case doesn't count. this is just one more tool the government uses to discourage lawsuits. the taxable amount is based on the award before attorneys' fees so a poor client who hired on contingency may very well end up losing money after getting paid.
here's a law blog calling out wrongful arrests like this specifically:
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New Tax on Litigation Settlements, No Deduction for Legal Fees
Under the Trump tax reform, plaintiffs in many types of litigation will pay tax on 100 percent of their recoveries, including the shares to their contingent fee lawyers, with no deduction for legal fees. He explores who is affected and possible workarounds that litigants may now try.marinbar.org
physical injury... this is why i should proofread instead of stealth editing all the damn timeOk but doesn’t this lawsuit classify as “personal injury” and emotional damage?
Its tax freeGreat question.
Did the cops get fired?