Tax Code on Emotional Damages Tossed - New York Times: "Tax Code on Emotional Damages Tossed
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By THE ASSOCIATED PRESS
Published: August 22, 2006
Filed at 6:52 p.m. ET
WASHINGTON (AP) -- The federal government may not tax the money plaintiffs receive as compensation for emotional distress and other intangible injuries, a federal appeals court said Tuesday.
The U.S. Court of Appeals for the District of Columbia Circuit struck down as unconstitutional a portion of the tax code that said only compensation for physical injuries is tax exempt."
Sign In to E-Mail This Print Save
By THE ASSOCIATED PRESS
Published: August 22, 2006
Filed at 6:52 p.m. ET
WASHINGTON (AP) -- The federal government may not tax the money plaintiffs receive as compensation for emotional distress and other intangible injuries, a federal appeals court said Tuesday.
The U.S. Court of Appeals for the District of Columbia Circuit struck down as unconstitutional a portion of the tax code that said only compensation for physical injuries is tax exempt."
posted by Chris Placitella | 2:56 PM
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