- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Survivors of deadly DeRidder paper mill explosion awarded $104,000,000
Posted on 5/2/24 at 1:58 am to SWLA92
Posted on 5/2/24 at 1:58 am to SWLA92
quote:
Yep if each person was giving equal amounts they each get around $11 million.
Not before the lawyers take their assumed 33% and the tax man calls.
3
Posted on 5/2/24 at 2:22 am to dkreller
quote:
Not before the lawyers take their assumed 33% and the tax man calls.
The lawyer's fees may be more since it went to trial and there are also the costs on top of fees. On the tax side depending on how the verdict was apportioned very little of it may be taxable. The article didn't mention any breakdown of damages (ie compensatory vs punitive) but it did mention interest being part of the amount. Interest is taxable.
Posted on 5/2/24 at 8:27 am to dkreller
How long did this take
This post was edited on 5/2/24 at 8:29 am
Posted on 5/2/24 at 2:16 pm to dkreller
quote:
Not before the lawyers take their assumed 33% and the tax man calls.
Damage awards aren't income and aren't taxed.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News