Liars, Damn Liars, Defamation, and Double Taxation: Understanding Defamation and Libel

In the current digital and highly charged political age, the power of words has never been more salient. In this video, we explore the severe implications of defamation and the financial burden known as the plaintiff double tax.

It has become all too commonplace for words to be used as weapons for making untrue statements about a person or entity. A single untrue utterance can ripple through society, casting shadows of controversy and sometimes engendering significant legal implications. Unfortunately, because of the plaintiff double tax, defamation victims suffer twice: first by the defamation itself and second by how their litigation recovery is taxed.

- Discover the intricacies of the plaintiff double tax and how it affects defamation victims, reducing their net proceeds from litigation recoveries.
- Learn what the plaintiff double tax is and its implications.
- Understand the Supreme Court case Commissioner v. Banks and its impact on defamation settlements.
- Discover how the total value of awards and non-deductible attorney fees create a significant financial burden for plaintiffs.

Contact Eastern Point Trust Company to learn more about legal and financial strategies to mitigate the plaintiff double tax and maximize your litigation recovery.

Read more: https://www.easternpointtrust.com/articles/liars-damn-liars-defamation-and-double-taxation

Learn about the Plaintiff Recovery Trust: https://www.easternpointtrust.com/plaintiff-recovery-trust