Washington Examiner: How trial lawyers stick your family with a $5,579 ‘hidden tax’ every year
Americans know how much they pay in income, property, and sales taxes. When they receive a paycheck, it is broken down to show exactly how much goes toward Social Security, Medicare, and other taxes. While these costs are transparent, what people don’t see and can’t easily keep track of is how much they pay each year because of abuse of our legal system.
The cost of lawsuit abuse doesn’t show up as a deduction from your paycheck or arrive as a bill in the mail. Instead, Americans pay it every day through higher prices for usual goods and services, rising insurance premiums, increased healthcare costs, and more.