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Old 10-13-2004, 11:39 AM   #2736
taxwonk
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What happens when an immovable object meets an irresistible force?

Quote:
Originally posted by Atticus Grinch
The irresistible force wins, that's what. The GOP cuts taxes on contingency fee awards.
Calling it a tax cut is a major failure to communicate. Contnigency fees are costs to plaintiffs. The fact that the IRS has taken the position that plaintiffs should be taxed on them has been a major abuse of the system for years. If you want an easy parallel, imagine a capital gains tax on the sale of your home that didn't allow you to recover your basis without tax.
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