Do Trial Lawyer Deserve Tax Breaks
May 23, 2008 10:20am CST
The Democratic majority has routinely rejected every proposed tax reduction on Americans and they have steadfastly stuck to their insistence on repealing every tax reduction passed during this century. That will raise taxes on every single American who currently pays taxes and add some new ones to the tax rolls. There is one group that apparently is deserving of a tax cut, according to the majority. Contingent fee trial lawyers. Yep, you heard me correctly. Buried in a recent tax increase bill was a special tax break for trail lawyers paid under a contingent fee. It would allow them to deduct their expenses on a contingent fee case whenever they incur them rather than wait, as current law requires, until the case is concluded. This bill contained mainly tax increases on lots of other businesses. This was one of the few tax cuts in the bill. Maybe this is to aid the struggling trial lawyer industry? After all, they are the engine of our economy aren't they? They employ so many people? Yeah right. Is there any question what special interests rule the roost now?
25 May 08
Of course not all lawyers are rogues. And access to the legal system is one of the cornerstones of a free and just society. So maybe you could advance an argument that by allowing them to deduct their expenses earlier, this will drive down the cost of taking legal action, thus making it easier for those on limited incomes to seek justice through the courts. Of course another way of looking at it is that *everyone* deserves tax breaks.
• United States
23 May 08
Trial lawyers deserve many things. Tax breaks are not among them. Literally a book could be written concerning behavioral theory as to how lawyers have perverted the justice system to maximize their profits to the detriment of society.