Imus gets 20 million, poss. WABC gig (Drudge)

[John Francini]

Are court awards in civil suits taxable income?

j


On 14 Aug 2007, at 12:13, Laurence Glavin wrote:

>> ----- Original Message -----
>> From: "Bob Nelson"
>> To: "BostonRadio Mailing List"
>> Subject: Imus gets 20 million, poss. WABC gig (Drudge)
>> Date: Tue, 14 Aug 2007 09:50:14 -0500
>> http://www.drudgereport.com
>
>> Matt Drudge is reporting that Imus has 20 million reasons to be
>> happy, and they all have
>> George Washington's picture on them...thanks to a settlement with
>> CBS...and he also
>> may wind up with a slot on WABC.
>
> If it will make you feel better: if he gets that in one single payout
> and is a resident of the State of New York, half of that will be  
> paid in
> Federal and State taxes.  (If he tries some "resident of New Mexico  
> or Connecticut"
> dodge, he may still pay close to that.)
>
>
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