LCMS Pastor Indicted alongside Trump in Georgia

Started by Mbecker, August 15, 2023, 06:14:44 PM

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Donald_Kirchner

Punitive damages are awarded to plaintiffs. But right, good luck with that!
Don Kirchner

"Heaven's OK, but it's not the end of the world." Jeff Gibbs

John_Hannah

Quote from: Donald_Kirchner on December 15, 2023, 06:57:01 PMPunitive damages are awarded to plaintiffs. But right, good luck with that!

Thanks. So, each one is due ca. $74M!
Pr. JOHN HANNAH, STS

J. Thomas Shelley

IIRC damages (both non-punative and punative) are considered taxable income; the plaintiffs are taxed on the full amount of the settlement, including the typical 30% cut to the attorneys.  

So essentially the 30% is subject to double taxation since the attorneys must also show that as revenue/income.
Greek Orthodox Deacon - Ecumenical Patriarchate
Ordained to the Holy Diaconate Mary of Egypt Sunday A.D. 2022

Baptized, Confirmed, and Ordained United Methodist.
Served as a Lutheran Pastor October 31, 1989 - October 31, 2014.
Charter member of the first chapter of the Society of the Holy Trinity.

Mike in Pennsylvania

Deacon Shelley, you do not recall correctly.  For Federal taxes and PA taxes, money won in a lawsuit is not taxable to the successful plaintiff.  I wouldn't know about Georgia law.
But yes, the attorneys' cut is taxable against them.
NALC Interim Pastor

Charles Austin

What the Ex-mayor and others did to those women was abominable. And the self-appointed "chaplain" was apparently part of the scheme.
Iowa-born. Long-time in NY/New Jersey, former LWF staff in Geneva.
ELCA PASTOR, ordained 1967. Former journalist. Retired in Minneapolis. Often critical of the ELCA, but more often a defender of its mission. Ignoring the not-so-subtle rude insults which often appear here.

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