californianlawyer.com

October 31, 2006

Appeals Court May Review Controversial Tax Decision

Filed under: personal injury law, business — @ 10:34 pm

The Bush administration requested a rehearing for a case where a federal income tax on non-physical, compensatory damages was ruled unconstitutional. The three-judge panel found that compensation for loss of a personal attribute is not received in lieu of income. The government states that the ruling is the first in over 85 years in which an exercise of congressional income-taxing power is struck down as unconstitutional.

Tags: personal injury law, business

Share and Enjoy:These icons link to social bookmarking sites where readers can share and discover new web pages.
  • blinkbits
  • BlinkList
  • blogmarks
  • co.mments
  • connotea
  • del.icio.us
  • De.lirio.us
  • digg
  • Fark
  • feedmelinks
  • Furl
  • LinkaGoGo
  • Ma.gnolia
  • NewsVine
  • Netvouz
  • RawSugar
  • Reddit
  • scuttle
  • Shadows
  • Simpy
  • Smarking
  • Spurl
  • TailRank
  • Wists
  • YahooMyWeb

Leave a Reply