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To: Always Right
Oh I am sure the lawyer only gets about 40%, then the family has to pay taxes of 50%.

Are you sure this type of award is taxable?

I'm not a lawyer, but I thought it wasn't.

11 posted on 08/18/2007 10:51:28 AM PDT by Doe Eyes
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To: Doe Eyes
I'm not a lawyer, but I thought it wasn't.

The government taxes anything. Now the portion that is reimbursing actual expenses is probably not taxable, but I would bet our government would not pass up the opportunity to tax these types of judgements. But I am no expert in this area, just guessing based on the way the government treats other income.

16 posted on 08/18/2007 10:54:41 AM PDT by Always Right
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