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To: taxcontrol
(loss of salary, salary for like years in the future, lawyer fees, loss of residence, etc.)

As Rush says: "run the numbers"

if we do, we get:

Loss of salary: 3 yrs x 50,000 $/yr = 150,000
Loss of future salary: 25 yrs. x 60,000 = $1,500,000
Loss of Pension: $1,000,000
Loss of Medical benefits: $500,000 (probably low)
Loss of House: $500,000
Out of pocket costs: $150,000
Total of above: $3,800,000
Law designates triple damages: 3 x 3.8 m = 11,400,000

Plus attorney fees and taxes.

$18,000,000 is not too far off, IMHO.

68 posted on 02/17/2006 11:31:50 AM PST by Michael.SF. (Things turn out best, for who make the best of the way things turn out.--- Jack Buck (RIP))
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To: Michael.SF.
Michael, I must warn you, this sort of thread is place for logic or arithmetic. Do not let this happen again.

PS Can't wait to see the award after the appeal.

72 posted on 02/17/2006 11:44:48 AM PST by Kenny Bunk (Accurate observation is necessary, but does not necessarily include agreement.)
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To: Michael.SF.

The problem with your numbers.

1) the man is not in a condition that makes him unemployable. 25 years of future salary is an unreasonable expectation. More like 4 years based upon the time that it would take him to retrain in a new field -- degree. 4 X $60,000 = $240,000

2) loss of pention would be loss of contributions to 401K plan. Say $6,000 per year for 8 years (4 for the trial plus 4 for the future loss of employment). That assumes a $1,500 contribution plus $4,500 (~9% contribution of $50,000) total = $48,000

Loss of medical benefits - Full burden of Medical insurance is about $800 per month so lets go with $10,000 per year = $80,000

I'm cool with the $500,000 for the house

Out of pocket costs I assume would cover Atty fees so ok, $150,000

Total of above would be - $ 1,168,000... heck round that to 1,250,000. At 3 times damages (if the police department did not follow the rules of evidence) $ 3,750,000

A wide margin off from the $18 Million


74 posted on 02/17/2006 12:06:49 PM PST by taxcontrol
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