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Family of Michael Brown Settles Lawsuit Against City of Ferguson

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/320601935/m/1330011624

June 21, 2017, 04:28 PM
synthplayer
Family of Michael Brown Settles Lawsuit Against City of Ferguson
quote:
Originally posted by Cassandra:
I assume there is also Federal tax to pay first...

Are insurance payouts taxable?


Of all the enemies the American citizen faces, the Democrat Party is the very worst.
June 21, 2017, 04:30 PM
sjtill
They will be flat broke in less than five years.


_________________________
“Remember, remember the fifth of November!"
June 21, 2017, 04:41 PM
Sunset_Va
quote:
Originally posted by 45 Cal:

Thank you l b johnson you sob


Those Beagles should have lit into his hand and bitten some fingers off.


美しい犬
June 21, 2017, 04:43 PM
220-9er
It's called protection money. You pay up, we won't start trouble.
Not unlike Joey Soprano would do except this kind is legal.


___________________________
Avoid buying ChiCom/CCP products whenever possible.
June 21, 2017, 04:44 PM
V-Tail
They should not be getting one lousy cent. In fact, they should be paying court costs for bringing a frivolous suit.


הרחפת שלי מלאה בצלופחים
June 21, 2017, 04:50 PM
2000Z-71
I think all of business and property owners that suffered losses during the riots should sue all of those named in the settlement for $3million under the grounds of inciting a riot.



My daughter can deflate your daughter's soccer ball.
June 21, 2017, 04:57 PM
mcrimm
They'll all piss through it in 90 days and be back on the dole.


I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown
...................................
When you have no future, you live in the past. " Sycamore Row" by John Grisham
June 21, 2017, 05:00 PM
BamaJeepster
quote:
Originally posted by Cassandra:
quote:
Originally posted by rburg:
OK, other things you can assume is that the family will receive under $2 million with their dirt bag lawyers getting the other million. Other assumptions that are less certain but probably true is that each will receive somewhere under $1 million each. There are new pink Caddy's in their future, along with trips, drugs and other trimmings of a rich life style by those who could never earn it (or want to work that hard.)

I assume there is also Federal tax to pay first...

I'm not sure how this settlement would be classified, but there's this:



“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence.”
- John Adams
June 21, 2017, 06:22 PM
Sailor1911
quote:
Originally posted by Cassandra:
quote:
Originally posted by rburg:
OK, other things you can assume is that the family will receive under $2 million with their dirt bag lawyers getting the other million. Other assumptions that are less certain but probably true is that each will receive somewhere under $1 million each. There are new pink Caddy's in their future, along with trips, drugs and other trimmings of a rich life style by those who could never earn it (or want to work that hard.)

I assume there is also Federal tax to pay first...


Generally, a "personal injury" settlement is not taxable. Exceptions do apply.



Place your clothes and weapons where you can find them in the dark.

“If in winning a race, you lose the respect of your fellow competitors, then you have won nothing” - Paul Elvstrom "The Great Dane" 1928 - 2016
June 21, 2017, 06:25 PM
Ripley
Sooner or later, that money will end up with people who deserve it.



Set the controls for the heart of the Sun.
June 21, 2017, 07:50 PM
rscalzo
quote:
assume there is also Federal tax to pay first...



Might be, might not.

http://www.spadealawfirm.com/t...t-settlement-awards/


Richard Scalzo
Epping, NH

http://www.bigeastakitarescue.net
June 21, 2017, 07:54 PM
jhe888
It will be pissed away within 12 months, 18 at the outside.

It won't be taxable. Settlements for personal injury are not income under the tax code. That makes sense - it isn't income, it is compensation for something you already had, namely your good health and intact body. If an award includes money for lost income, that is taxable. But a settlement will be structured so it is not taxable.



The fish is mute, expressionless. The fish doesn't think because the fish knows everything.
June 21, 2017, 07:57 PM
synthplayer
quote:
Originally posted by jhe888:
It will be pissed away within 12 months, 18 at the outside.


Those two are suddenly going to find out how very many friends they never knew they had.


Of all the enemies the American citizen faces, the Democrat Party is the very worst.
June 21, 2017, 08:06 PM
maxwayne
I delivered a car in St Louis yesterday and saw a sign that said "Visit historic downtown Ferguson". Needless to say, I didn't.
June 21, 2017, 08:53 PM
Balzé Halzé
I wouldn't be surprised if one or both end up dead.


~Alan
Acta Non Verba
NRA Life Member (Patron)
God, Family, Guns, Country

Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan

June 21, 2017, 09:00 PM
TigerDore
A lifetime supply of crack.

quote:
Originally posted by Bigboreshooter:
I guarantee you that given the choice of have their little thug back, or $3 million in cash, they would take the cash every time.


quote:
The lawsuit was filed by Mr. Brown’s father, Michael Sr., and his mother, Lesley McSpadden.



June 21, 2017, 09:06 PM
Scoutmaster
quote:
Originally posted by Balzé Halzé:
I wouldn't be surprised if one or both end up dead.


If you combine that amount of money with that amount of stupid, you are likely correct.



"Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it"
- Judge Learned Hand, May 1944
June 21, 2017, 09:37 PM
darthfuster
quote:
Originally posted by Scoutmaster:
quote:
Originally posted by Balzé Halzé:
I wouldn't be surprised if one or both end up dead.


If you combine that amount of money with that amount of stupid, you are likely correct.


Both of these need a repeat for emphasis.


You’re a lying dog-faced pony soldier
June 21, 2017, 10:12 PM
FiveFiveSixFan
quote:
Originally posted by Balzé Halzé:
I wouldn't be surprised if one or both end up dead.


You may well be right. His mother is a hot-headed road warrior. Remember when she attacked a relative with a metal pipe during an argument about selling t-shirts?
June 21, 2017, 10:14 PM
Scoutmaster
quote:
Originally posted by darthfuster:
quote:
Originally posted by Scoutmaster:
quote:
Originally posted by Balzé Halzé:
I wouldn't be surprised if one or both end up dead.


If you combine that amount of money with that amount of stupid, you are likely correct.


Both of these need a repeat for emphasis.


And unless and until they admit the cultural roots of the problem, it will only get worse.



"Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it"
- Judge Learned Hand, May 1944