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muscler
muscler asked in Business & FinanceTaxesUnited States · 1 decade ago

how much can i get after taxes from 1.4000000?

i have a law suit in the los angeles court and my lawyer said i will get about 1.4 million dollars if my lawyer is going to get 21% from the 1.4 million so how much am i going to get after taxes and over all ?

4 Answers

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  • Judy
    Lv 7
    1 decade ago

    Whether or not the settlement is taxable will depend on what it's for, so no way to tell. But a word of advice - don't start spending it until you are actually awarded the money and it's through any appeals.

  • tro
    Lv 7
    1 decade ago

    depends on what the award is called, and very likely is not taxable

    but in no way will you get anywhere near $1.4M

    your lawyer is only 21%, thought they were 33%, and he will probably charge you for all the fees on top of his fees

  • Anonymous
    1 decade ago

    I don't think that is taxable income

  • Jilbert
    1 decade ago

    for help ; open the second & fifth link in: www.cut-my-tax.co.cc

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