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Biotech / Medical : Biotech Valuation
CRSP 50.73-5.2%3:59 PM EST
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To: A.J. Mullen who wrote (5314)1/3/2002 8:16:15 PM
From: IRWIN JAMES FRANKEL  Read Replies (1) of 52153
 
Taxation of court awards whether by jury or the court is a function of what the damages replace. I think a lot of the confusion comes from the non-taxability of injuries to a persons body. But if damages replace wages or in the case of a corporation replace money that would have been income then it is taxable income.

Some types of damages may even be subjected to additional taxes. In some states punitive damages are taxed at higher rates, confiscatory rates (IMO).

ij
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