Based on what a former HS friend got for his injuries in a traffic accident case that left him in a wheelchair for life, the lawyers will get a 1/3, the !@#$%! tax man will get 39% & that will leave Nicolas with about 580,000 BUCKS for each million dollars of the final settlement.
(Bob K________ ended up with a cashier’s check for about 16,000,000.)
NOT a bad “payday” for an 18YO, even at that percentage.
Yours, TMN78247
If Joe Biteme wins and the Marxists take both houses, expect that tax rate to hit 80 to 90%
A court award is only taxable to the extent it serves as compensation for post wages.