Johnny Depp & Amber Heard Have Tax Issues Too

Depp’s $50M suit against Amber Heard is for defamation, which means 37% federal tax and 13.3% California tax. If Depp wins $50M but must pay 40% to his lawyer, he nets $30M. But he could have to pay tax on $50M unless he can find a way to deduct his legal fees, which is not always possible.