Tacker LeCarpentier

Today’s rules unfairly tax victims of invisible injuries, including many instances of sexual abuse and PTSD. When victims sue for justice and win, their recoveries replace value they previously lost. From 1918 to 1996, the US Treasury and Congress exempted these amounts from tax because they “make the victim whole.” Congress changed the rule in 1996 with good intentions, but the legislation was unintentionally broad.

Today’s rules unfairly tax victims of invisible injuries, including many instances of sexual abuse and PTSD. When victims sue for justice and win, their recoveries replace value they previously lost. From 1918 to 1996, the US Treasury and Congress exempted these amounts from tax because they “make the victim whole.” Congress changed the rule in 1996 with good intentions, but the legislation was unintentionally broad.

Seemingly every recent business or trade publication has an article entitled “[fill in the blank] in the time of COVID.” We are truly in troubled and frightening times, full of uncertainty. The financial markets reflect that uncertainty. They have fallen precipitously, spiked up, then down again and up again with nearly every headline.