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Friday, September 14, 2007

NLJ: Taxation of Damages: End the Inequity

Interesting article in next week's National Law Journal:  End the Inequity, by Vivian Berger (Columbia): 

House and Senate committees are considering the Civil Rights Tax Relief Act of 2007. The CRTRA would remedy anomalies in the treatment of damages obtained by employment discrimination victims and other civil rights plaintiffs, which disadvantage them by comparison with victims of physically injurious torts. A section of an earlier version, enacted in 2004, went part way toward rejecting this harsh approach by ending taxation of attorney fees to both the lawyer and the client. Congress should finish the job this session. Passage of the two remaining provisions — one dealing with noneconomic, the other with economic harm — would aid both workers and defendant companies while striking a blow for tax equity.

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» Taxation of employment-law damages from PointOfLaw Forum
The proposed Civil Rights Tax Relief Act of 2007 is the latest effort in Congress to make the tax code more favorable to employment-law plaintiffs, by (among other steps) declaring damages for emotional distress in job-bias cases to be tax-free... [Read More]

Tracked on Oct 16, 2007 1:05:41 AM

» Taxation of employment-law damages from PointOfLaw Forum
The proposed Civil Rights Tax Relief Act of 2007 is the latest effort in Congress to make the tax code more favorable to employment-law plaintiffs, by (among other steps) declaring damages for emotional distress in job-bias cases to be tax-free... [Read More]

Tracked on Aug 6, 2010 3:07:46 PM

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