Last week was tax day, which we all know means that it’s time for us to all fork over our share to Uncle Sam. But what you may not know is that on top of the taxes that we pay to the government, we’re all paying an additional hidden tax – the “lawsuit tax.”
No matter where you live, excessive lawsuits drive up costs for consumers. More litigation equals fewer jobs, more expensive products and decreased innovation. In fact, each of us pays around $857 a year in lawsuit taxes! That means a family of four pays a lawsuit tax of at least $3,500 a year.