(August 30 23:54) Forbes.com Business
The $16M payment is taxed at 37% by IRS and 13.3% by California. And although Bryant is likely paying her lawyers around 40%, she may be taxed on the gross amount of $16M, not her net. If she pays $6.4M in legal fees to net $9.6M but can't deduct the fees, she might only get 10% after taxes.
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