From Charlottesville, Virginia

Covering the state of Virginia, Wilson & Hajek, a personal injury law firm, is centrally located in Charlottesville, Virginia. Francis Hajek is an experienced Virginia personal injury attorney and lawyer who provides aggressive representation and personal service to his clients who have suffered injuries. Since 2007, he has been listed in Best Lawyers in America.

Friday, February 19, 2010

What Recession?

Virginia newspapers reports this morning reveal that the top 400 tax filings reported average earnings of $345 million each, an increase of nearly one third over the previous year. Amazingly, this same group of high earners only paid taxes at an average rate of 16.6%, the lowest amount since 1992. I don't think the average citizen had wage growth of 33% and taxes of only 16%. I guess it pays to be super rich, even in a recession. On the bright side, if you receive an injury settlement as a result of an accident, the monies you put in your pocket are generally tax free. There are some exceptions to this rule so it is a good idea to have your personal injury lawyer advise you on this issue.

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