tl;dr - Unless it's a personal/physical injury, legal settlements are not excluded from being counted as gross income for tax purposes. That $25m (likely the full $31m) will absolutely be taxed.
You know if this was an accusation of racism against a black student they would have settled for millions right away. they only fought it because it's against white people
even then. If they had just let justice work the way it is meant to, the niggers would have gotten a slap and the wine returned. Most of all a 100 year old business would be in existence to continue serving the community.
Ohio bakery sued for civil rights violations, allegations of racism after owner of bakery refused to distribute $31M award to disadvantaged communities of color.
[ + ] RedBarchetta
[ - ] RedBarchetta 0 points 3 yearsApr 2, 2022 10:51:30 ago (+0/-0)
[ + ] dingbat
[ - ] dingbat 3 points 3 yearsApr 2, 2022 10:16:01 ago (+3/-0)
[ + ] HeavyBrain
[ - ] HeavyBrain 2 points 3 yearsApr 2, 2022 04:27:45 ago (+2/-0)
[ + ] uvulectomy
[ - ] uvulectomy 3 points 3 yearsApr 2, 2022 04:31:40 ago (+3/-0)
[ + ] Deleted
[ - ] deleted 0 points 3 yearsApr 2, 2022 12:53:16 ago (+0/-0)
[ + ] uvulectomy
[ - ] uvulectomy 0 points 3 yearsApr 2, 2022 14:08:59 ago (+0/-0)
26 USC Part II - Items Specifically Included In Gross Income
26 USC Part III - Items Specifically Excluded From Gross Income
tl;dr - Unless it's a personal/physical injury, legal settlements are not excluded from being counted as gross income for tax purposes. That $25m (likely the full $31m) will absolutely be taxed.
[ + ] bonghits4jeebus
[ - ] bonghits4jeebus 3 points 3 yearsApr 2, 2022 05:57:59 ago (+3/-0)
[ + ] adder
[ - ] adder 2 points 3 yearsApr 2, 2022 04:22:10 ago (+2/-0)
[ + ] NoJaysthanx
[ - ] NoJaysthanx 0 points 3 yearsApr 2, 2022 03:37:31 ago (+0/-0)
[ + ] 1Icemonkey
[ - ] 1Icemonkey 3 points 3 yearsApr 1, 2022 23:35:30 ago (+3/-0)
[ + ] SparklingWiggle
[ - ] SparklingWiggle 1 point 3 yearsApr 1, 2022 23:10:21 ago (+1/-0)
[ + ] Mopar_or_nocar24
[ - ] Mopar_or_nocar24 6 points 3 yearsApr 2, 2022 00:34:42 ago (+6/-0)
[ + ] smokratez
[ - ] smokratez 1 point 3 yearsApr 2, 2022 03:06:07 ago (+1/-0)
[ + ] SparklingWiggle
[ - ] SparklingWiggle 0 points 3 yearsApr 2, 2022 09:05:53 ago (+0/-0)
[ + ] JudyStroyer
[ - ] JudyStroyer 6 points 3 yearsApr 1, 2022 23:08:51 ago (+6/-0)
"TOO MANY WHITES ATTEND CAMPUS CONCERTS, SAYS OBERLIN COLLEGE NEWSPAPER COLUMNIST"
Seems this college needs adjustment.
[ + ] PostWallHelena
[ - ] PostWallHelena 0 points 3 yearsApr 1, 2022 22:59:26 ago (+0/-0)
[ + ] EGGOD
[ - ] EGGOD 3 points 3 yearsApr 1, 2022 22:52:28 ago (+3/-0)
[ + ] HeavyBrain
[ - ] HeavyBrain 2 points 3 yearsApr 2, 2022 04:30:11 ago (+2/-0)
We missed that opportunity with the outdated farm equipment.
[ + ] con77
[ - ] con77 4 points 3 yearsApr 1, 2022 22:04:08 ago (+4/-0)
[ + ] Bonlio1
[ - ] Bonlio1 6 points 3 yearsApr 1, 2022 20:12:06 ago (+6/-0)
[ + ] RedBarchetta
[ - ] RedBarchetta 1 point 3 yearsApr 2, 2022 10:52:48 ago (+1/-0)
[ + ] noonefromnowhere
[ - ] noonefromnowhere 3 points 3 yearsApr 1, 2022 19:54:17 ago (+3/-0)
[ + ] Splooge
[ - ] Splooge 14 points 3 yearsApr 1, 2022 19:12:41 ago (+14/-0)
Because why not, we live in clown world.