Having done a fair share of sexual harrasment trials (mostly defense), I have to say that having seen recaps of some of the testimony, the Jury got it right.

"Lying bitch just trying to bring down the Black Man!!!!!"

- SCOTUS Justice Thomas

Good, put the racial shitbag in jail.

Crasswar:

1. It is a civil trial, so only monetary damages will be awarded.

2. Thomas and Browne are both Black.

righto,

I know, but Thomas is still a racial bigotted shitbag.

Hope the money comes from his pocket!

Unfortunately, MSG and Dolan will pick up the tab.

They never learn.

Keep your hands to yourself and your mouth shut.

Keep your hands to yourself and your mouth shut.

And here I thought it was:

"Keep your Mouth to yourself and Use Your Hands."

No wonder people stare.........

Keep your hands to yourself and your mouth shut.

Posted by CalifChris at 2007-10-02 05:17 PM | Reply


Awwwwwwwwwwww so no snuggling between the two of us tonight huh?? Damn the luck. bwhahahahahahahaha

Larry

Keep your hands to yourself and your mouth shut.

My honey my baby, don't put my love upon no shelf
She said don't hand me no lines and keep your hands to yourself

Goatman -

Love the Satellites.

The great ex-Satellite Dan Baird continues to make fine rock & roll music. Check out his solo stuff, and his rowdy side project, the Yayhoos, as well. The drummer for the Yayhoos also has yet another great band, Terry Anderson & the Olympic Ass-Kickin' Team. Terry wrote at least a couple of Dan's better-known songs and has a real knack for clever wordplay.

$11 mil is a fucking joke. Mass tort lovers are loving this bullshit.

Of course she will probably come out with around $5 mil and her lawyers take the rest - they're worse than she is.

Thanks for the music suggestions. I love the GSs as well, so I'm sure I'll like the stuff you suggested. I'll take a listen to them.

I cant believe he actually said it is less offensive for a black man to call a black women a whore then it is for a white man to call the same women a whore. Having grown up in Detroit during the Bad Boy days of the late 80's all I can say is "Oh Isiah"

Isiah hates white people!!!!!!

"Of course she will probably come out with around $5 mil and her lawyers take the rest - they're worse than she is.

Posted by taxman at 2007-10-02 06:23 PM"

How much will her Taxman take? Tool.

How much will her Taxman take? Tool.

I could be wrong, but I don't think that all lawsuit awards are taxable. They are not considered income; they are to compensate for wrong doings.

Punitive damages are taxable, but I don't think compensatory awards are.

Punitive damages are taxable, but I don't think compensatory awards are.


Posted by goatman at 2007-10-02 07:51 PM

So FIND OUT if they are before you come here acting like a fucking know it all.

Sounds like a getto divorce and who is paying the bills?

So FIND OUT if they are before you come here acting like a fucking know it all.

Posted by itsme at 2007-10-02 07:59 PM



A know it all would state it as a fact as you often do with your lies, instead of admitting he wasn't for sure, itsallaboutme.

Besides, I really don't want to look up tax laws for all 50 states. Feel free to do so yourself, itsallaboutme

Are lawsuits taxable?

So, we'll maybe with that question we'll all learn a little something today --

PERSONAL INJURY OR SICKNESS

The tax code specifically states that damages for personal injury or personal sickness are tax free. While this tax break may seem straightforward, disputes still arise on occasion. For example, a recent Tax Court case involved three siblings who sued their medical insurer for nonpayment of claims. When the siblings reached a settlement with the insurance company, they did not report the settlement with the insurance company on their tax returns. They contended that the payments were compensation for their illnesses.

The Tax Court ruled that the payments were taxable. The court pointed out that the siblings sued the insurer for breach of contract in not paying the claims. Neither the settlement negotiation not the final agreement indicated that the insurer was compensating them for personal injuries or sickness.

EMOTIONAL DISTRESS

Damages received for emotional distress are tax free if they are part of a lawsuit involving physical injury or physical sickness. However, emotional distress by itself is not considered a physical injury or sickness. So, for example, if a taxpayer sues his or her employer for emotional distress resulting from employment discrimination, a damage award or settlement would be taxable because there is no physical injury or sickness.

There is a partial exception to this rule. Damages for emotional distress unrelated to physical injury or sickness are tax free to the extent the taxpayer incurs medical expenses for emotional distress.

LOSS OF PROFIT AND WAGES

Business profits and wages are ordinarily taxable income, so any damages received as a compensation for lost profits or wages are also taxable as ordinary income.


LOSS OR INJURY TO ASSETS

If the damage award or settlement is for loss or injury to capital assets, such as tangible property or business goodwill, the payment is tax free to the extent of the basis for the property. Payment in excess of the basis is taxable as capital gain.

For example, suppose a business owner sued someone for negligently causing a fire that burned down the owner's warehouse. The warehouse had a fair market value of $100,000, but after allowing for depreciation deductions, the owner had written the basis down to $40,000. If the owner received a $100,000 damage award, the $40,000 would be tax free and the $60,000 would be capital gain....

I'd like to know if when a lawyer gets the usual standard of 1/3rd of his client's settlement amount -- is it calculated as 1/3 of his client's award before or after the client has paid taxes?

Thanks Calif (google king) Chris! *grin*. You make it look so easy.

My attorney cousin told me basically the same thing a long time ago, but I didn't want to state it for a fact because I was too lazy (already drunk actually -- last day at home for three weeks) to look it up myself and I knew someone would want a link.

But I can say with pretty much certainly that punitive damages are taxable. In fact, in Texas the state gets something like 90% of them. Their arguement is that these monies do not compensate for losses and are therefore not needed by the plaintiff in order to get on with his life. (or something like that)

is it calculated as 1/3 of his client's award before or after the client has paid taxes?

I'm sure it's contractual

But I can say with pretty much certainly that punitive damages are taxable. In fact, in Texas the state gets something like 90% of them.

That's an unbelievablely high amount!!! Punative damages is where the big bucks come into play in a settlement amount. No wonder Texas is trying to grab the Motherlode.

...last day at home for three weeks)

So you fly out tomorrow and back to the rig?

Contractual toward the loss on the client's judgement, good question!

That's an unbelievablely high amount!!! Punative damages is where the big bucks come into play in a settlement amount. No wonder Texas is trying to grab the Motherlode.

But we don't have state taxes. If punitive damages from lawsuits makes up the difference, that's fine with me. All Texans benefit, not just the once lucky enough to spill McDonald's coffee on themselves.

So you fly out tomorrow and back to the rig?

Yes. Fly out tomorrow for Houston. Stay overnight there and catch a charter to Columbia at 4:00 AM Thursday AM. On rig by noon.

On rig by noon.

Posted by goatman at 2007-10-02 1

Asked you this on yesterday's Nooner but guess you missed it -- do you work with the same crew of guys as before or do you have to work with a whole new crew?

...catch a charter to Columbia

seriously, how neat to get to travel to all those places!

Fix the headline, rogers. Should read "Clarance" Thomas.

seriously, how neat to get to travel to all those places!

We never leave the airport. From COlumbia we catch a commercial flight to Brazil, never leave the airport, then a helicopter to the rig.

If we want to stay and visit after our hitch, we can, but we have to pay for the commercial flight from Brazil to Columbia. We can still take the charter back to Houston from Columbia if we are willing to wait a week (or two) since they only fly on Thursday. I may take advantage of that one of these times.

Fix the headline, rogers. Should read "Clarance" Thomas.

You are joking, right Alex?

...We never leave the airport...

So much for exotic travel to far away places...

So much for exotic travel to far away places...

Though it does make you appreciate American airports more. I grin when I read about the "out of control" security in Boston because of the circuit board chick and now the bimbo who strangles herself.

The airports at Columbia and Brazil both have camoflauge wearing commandos with M16s every where. Even taxiing down the runway you see them every 200 meters or so. Inside the airport, they are at every gate and several at customs. Coming back to houston, there isn't so much as a rent a cop at customs.

So like I said when I read these libs commenting how oppresive things are in American airports, I laugh.

That's the problem with us Americans. We are so spoiled that if any little tiny thing spoils our fantasies we cry oppression and bogeyman. I am 52 YO, but I learned back when I traveled with the navy over 30 years ago how much greater our country is than any other. In 6 years I went to 33 different countries and 55 different ports. It's absurd to think that we are being oppresed or mistreated.

That was interesting to read, Goat. 33 countries -- I can only dream of doing that.

Bruva couldnt hep it,he gots to throw that 13 inch johnson up into ole girl.

That was interesting to read, Goat. 33 countries -- I can only dream of doing that.

Join the Navy. That's what I did to make it possible! Otherwise, my world would've been centered around N Texas and S OK. It was the Navy that planted the wanderlust in me. It continued long after I got out and still goes on.

You are joking, right Alex?

Posted by goatman at 2007-10-02 10:22 PM | Reply | Flag:

Uh...yes.

Chris-I'd think the lawyers take would come out of the top, and taxes based on the rest. The lawyers fees would be an expense.

Gotta say, Isiah doing this is a big disappointment. he seemed so classy for a jock.

Don't train your daughters to be anything but litigious flirts. This woman would probably not have earned the amount of the award, or even her share after expenses, which I think would approximate 50% for this type of litigation, as an employee over the course of her entire life.

To compensate "personal distress" as experienced in this instance, at so high a rate, is ludicrous. I hope that the appeals court lowers to award to something reasonable, maybe a year's salary for her. It should be against public policy to permit such high awards for this type of "injury."

Somehow, I think that the "damage" is exaggerated. It soulds like "scam central" to me. Outrageous.

You are joking, right Alex?

Posted by goatman at 2007-10-02 10:22 PM | Reply | Flag:

Uh...yes.

Posted by Alexandrite at 2007-10-02 11:30 PM


Sorry for asking. I was born in 1955 and grew up reading the nuances of people's faces or inflections of their voice to catch subleties of a conversation. I'm very good at that, in fact. But I'm not so good at doing it online with the cold, stark text we work with online. I've admitted that many times.

Thanks for the clarification.

Bighohnson,

She made over 200 thousands a year and now is looking for another exec. job. She asked for ten million and they gave her 11.

Well, if she would have and should have worked there for quite a few more years, 10 maybe, her earning power would far pass the 11 mill.

But yes, you go ahead and think the abusing party was treated unfairly, particularly when the abuser was thinking he was treated unfair. The "bitch" of it all.

Good for her--Isiah will blame the whole thing on cultural upbringing--like Vick --or OJ---

The jury believed her and not him and he probably said some cute remarks like he did about black men calling women whores...blah blah blah.

Murphy

all I can say is that billy must be proud of isiah....
and to congratulate him, maybe he can send him some of his personal stock of cigars........yuk yuk

I'd like to know if when a lawyer gets the usual standard of 1/3rd of his client's settlement amount -- is it calculated as 1/3 of his client's award before or after the client has paid taxes?

Chris, greedy scumbag plaintiffs attorneys take their fee based on the award, in this case $11 million dollars, they then recoup their expenses, in a case like this they are going to be high, and the remainder goes to the plaintiff who is then taxed on any part of the award that is taxable.

Also, this case was a big case that went to trial; if this was a contingency fee case, the attorneys took closer to 50% off the top and then recouped their expenses.

...greedy scumbag plaintiffs attorneys ...
Posted by taxman at 2007-10-03 09:50 AM

Without lawyers, do you really think this woman would have a shot in hell of getting anything from the Knicks organization?
Most likely she would get one thing: kicked to the curb.

I don't understand why people get angry at lawyers for taking a cut of the earnings which wouldn't exist without the lawyers efforts, especially when defending one measley employee against a huge corporation.

Everyone hates lawyers... until they neeed one, that is...

Petro, I am a lawyer. I think there is a huge need for tort reform and what constitutes excessive fees - attorneys should not be making more than their clients when the clients suffered the injury.

Taxman - they rarely do. People should be able to contract for whatever they think is fair. This idea of the gov't deciding what people should be able to charge is dangerous. But it might be popular in Russia - maybe you should check it out?

This idea of the gov't deciding what people should be able to charge is dangerous.

Are you telling me the bar in your state doesn't define "excessive fees"?

But it might be popular in Russia - maybe you should check it out?

Ahh the "love it or leave it argument"; the argument of last resort for the ignorant. I can see why you are in tort law.

That was interesting to read, Goat. 33 countries -- I can only dream of doing that.

TAXMAN

Chris, greedy scumbag plaintiffs attorneys take their fee based on the award, in this case $11 million dollars, they then recoup their expenses, in a case like this they are going to be high, and the remainder goes to the plaintiff who is then taxed on any part of the award that is taxable.

Also, this case was a big case that went to trial; if this was a contingency fee case, the attorneys took closer to 50% off the top and then recouped their expenses.

Thanks for answering my question -- if anybody could I knew it would be you!