Income

Sacramento Faces Legal Challenge Over Racially Targeted Basic Income Program

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Sacramento, CA – A legal challenge has been initiated in Sacramento Superior Court aimed at halting a pilot program that provides $725 monthly to selected families of Black, Native American, and Alaska Native descent within specific Sacramento ZIP codes. Filed recently, the lawsuit demands the cessation of government or public funding for what it terms an “unlawful” initiative based on racial criteria. Named in the suit are Sacramento County and Kim Johnson, the director of the California Department of Social Services. Eva Zhou, a local resident, alongside the Californians for Equal Rights Foundation, have come … Read more

Local Lawyer Admits to Dodging Tax on Over $1 Million in Income

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Harrisburg, PA – A local attorney entered a guilty plea on Wednesday for failing to pay federal income taxes on over $1.2 million earned across a three-year period, resulting in a potential half-million-dollar loss to the U.S. government. This case brings to light issues surrounding tax compliance within professional sectors known for high earnings and equally high scrutiny. The attorney, who has not been named pending further legal procedures, reportedly neglected to file accurate tax returns from 2019 to 2021, a period during which significant income was accrued through their legal practice. Instead of fulfilling … Read more

Keystone State Lawyer Admits to Evading Taxes on Over $1 Million in Income

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Harrisburg, PA—A local attorney has admitted to significant tax evasion, pleading guilty on Wednesday to concealing approximately $1.2 million in earned income over a span of three years. This act of evasion resulted in a loss of nearly $500,000 in federal income tax, authorities report. The U.S. Attorney’s office confirmed that the undisclosed income stemmed from legal and other professional services rendered by the attorney. By not reporting this income, the attorney illegally benefited by avoiding a substantial amount of owed taxes, thereby violating federal law. The investigation, led by the Internal Revenue Service, revealed … Read more

Am Law 100 Firms See Impressive Growth in Income Partner Ranks, Pushing Nonequity Partnerships to New Heights

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Law firms in the Am Law 100 are experiencing significant growth in their income partner ranks, with double-digit percentage increases in 2023. According to early reporting on the Am Law 200 financials, several prominent firms saw substantial growth in their nonequity partner tier. Among the firms with the largest percentage gains were Milbank, Gibson Dunn, and Fried Frank. While some of these firms started with lower nonequity numbers, their intentional and targeted growth aims to improve retention within this partner tier. This surge in nonequity partner growth comes after a significant number of law firm … Read more