March 25th, 2008, 10:17 AM
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#43
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Sexist
Chuck 98 RT10 is offline
Join Date: Jan 2003
Location: Tampa, FL
Posts: 15,430
Rep Power: 24
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Quote:
Originally Posted by Emanon
Really? How is 30% of the awarded verdict going to do anything to heal heartache? That is if they even get to see a cent of the money.
Assuming the jury finds against the Hogans, and the family is awarded a "sustainable" sum - i.e. no $100mmmm award - they are going to lose expenses (which will be substantial in a case like this with all the "expert witness" testimony), probably 25-35% to the lawyers, and then another 30% in taxes since the award would be punative (well, the amount over the compensatory damaged would be taxed, and that will be the bulk of the money).
Assuming they get a $1,000,000. They will probably only gross out $350,000 of it, less 35% - they are looking at, what, $200k? I dont know about you, but if it was my loved one performing all his bodily functions through a straw, I dont think I would be willing to rehash it all in front of national media for a piddling 200 grand.
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My point was that most victims don't get shit, not that Graz was gonna have everything covered.
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