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: Point of Lawvon Spakovsky on punitive damages and tax code
By Ted Frank
Heritage's Hans von Spakovsky writes against proposals to end the deductibility of punitive damages, raising issues familiar with the readers of this site. Von Spakovsky, however, misses other arguments: deductibility of punitive damages does not cost taxpayers anything, because the deducted punitive damages are taxable income to the plaintiff and his attorney.
Full post as published by Point of Law on November 16, 2010 (boomark / email).
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