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Reply #27: I don't think many lawyers take a fee that's higher than what you would [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
AP Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-26-04 12:04 AM
Response to Reply #25
27. I don't think many lawyers take a fee that's higher than what you would
have paid in income tax if your award were taxed.

Civil awards (almost everywhere) aren't taxed as income. So if Edwards won you a million dollars, you get a million dollars and pay him, say 30%.

If that had been income, you could have paid more than that in income tax.

Also, it costs a lot of money to bring these cases.

That's why you don't see his clients (or any clients) complaining about lawyer fees.

Also, corporations pay hourly rates. But they already HAVE millions. Edwards's clients not only had nothing, but the reasons they were suing were costing them lots of money. How else would they pay Edwards what he was worth if he didn't charge them out of what they were going to get?
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