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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Hilton Hart‏ @HiltonHart 19 Aug 2019
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      The taxation of lawsuit settlement/judgement income doesn't make sense. If you incur $100k in damages and are paid out $100k, you still lose $37k. *personal injury case income isn't taxed.

      1 reply 0 retweets 0 likes
    2. Gergely Svigruha‏ @gsvigruha 19 Aug 2019
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      Replying to @HiltonHart

      Are the payouts taxed as ordinary income?

      1 reply 0 retweets 0 likes
    3. Hilton Hart‏ @HiltonHart 19 Aug 2019
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      Replying to @gsvigruha

      That's right.

      1 reply 0 retweets 0 likes
    4. Gergely Svigruha‏ @gsvigruha 19 Aug 2019
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      Replying to @HiltonHart

      That is stupid. Or you have to sew for the damages + tax.

      1 reply 0 retweets 0 likes
    5. Molson Hart‏ @Molson_Hart 19 Aug 2019
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      Replying to @gsvigruha

      Can you deduct the cost of a lawyer in a personal injury case?

      1 reply 0 retweets 0 likes
    6. Hilton Hart‏ @HiltonHart 19 Aug 2019
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      Replying to @Molson_Hart @gsvigruha

      What you get isn't taxed, so are you trying to apply the cost of the lawyer as a loss to your other income?

      1 reply 0 retweets 0 likes
      Molson Hart‏ @Molson_Hart 19 Aug 2019
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      Replying to @HiltonHart @gsvigruha

      I thought personal injury rewards were taxable so I was trying to apply the lawyer's legal bills to that personal injury income.

      11:47 AM - 19 Aug 2019
      1 reply 0 retweets 0 likes
        1. Hilton Hart‏ @HiltonHart 19 Aug 2019
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          Replying to @Molson_Hart @gsvigruha

          Gotcha. See the first tweet of the thread.

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