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Internal Revenue Service may tax Gulf Coast damage claims following Deepwater Horizon oil spill
Posted By admin On June 22, 2010 @ 11:38 am In U.S. News | Comments Disabled
New York Daily News
June 22, 2010
The Internal Revenue Service may take a bite out of that $20 billion Gulf spill fund.
And locals are fuming.
Many residents were already surprised that BP took so long to dish out payments. So when they got their compensation — a few thousand dollars each — they spent it quickly.
“If they’re going to pay you a lump sum, like for a year, then bam, take the taxes out of the check,” said Todd Pellegal, an unemployed Gulf Coast shrimper from Boothville, La. “But a little bit at a time, they shouldn’t.”
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