Paramount Settles Trump Suit For $16M With President's No-Tax Playbook
1. Paramount settled a $16 million lawsuit with Trump over '60 Minutes' edits. 2. Settlement raises concerns about potential tax implications for Trump. 3. IRS views some legal settlements as taxable income. 4. Criticism arises from media regarding Paramount's handling of the settlement. 5. Handling of legal fees and taxes can complicate settlements significantly.