On Wed, 26 Jan 2005 15:42:11 -0800, Larry Jaques
wrote:
On Wed, 26 Jan 2005 16:22:56 GMT, the inscrutable Gunner
spake:
On Wed, 26 Jan 2005 08:41:58 -0500, "Glenn Ashmore"
wrote:
Gunner, that law was passed in1996 when your hero the Newt and your beloved
Republicans were running things in Congress. It is in the "Small Business
Protection Act", part of their "Contract on America".
The Contract with America, Glenn, was one of the few things Congress
ever did -right-.
It can actually teg much worse than your example. In the O'Gilive case that
the SCOUS decided, the family that won a $10 Mil award when their mother
died from toxic shock. After legal fees and taxes they owed the IRS
$500,000 more than they received.
See:
http://www.latimes.com/business/investing/la-na-tax25jan25,1,7736904.story?coll=la-headlines-business-invest&ctrack=1&cset=true
That truly f*cking sucks. The gov't gets their max share from
both the awardee and the lawyer who claims it as income. Is out
gov't out of control, or what?
P.S: I'm just over 100 pages into Ross' "Unintentional Consequences".
It won't be as quick to read because it's so heavy--it strains my
wrist trying to hold it up to read in bed. Man, 860 pages of fun!
You are in the slow part..it picks up the pace considerably a bit
later on. Ross is quite meticulous in setting up the rest of the book
Gunner
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