Michael Jackson $100 Million Tax Bill
The family of the late Michael Jackson have been informed that the star owed $100 million in unpaid taxes to the U.S. government at the time of his death — resulting in a smaller inheritance than expected for the singer’s three children, a report claims.
According to the Daily Star, the Internal Revenue Service will send an official bill to the executors of his will later this week.
A source says: “They knew there would be a death tax bill to settle but they had absolutely no idea it would be this high. This is a terrible added burden for the family to have to carry at a time like this. There is no question that it’s going to mean a lot less money going to Michael’s children.”
Michael Jackson passed away following a heart attack in Los Angeles last month.
Written by Castina on July 20th, 2009 | Tagged as: Michael Jackson
On July 20th 2009, Nikki Shellington wrote:
You know it's sad that Michael Jackson died and everyone want to put his business out like that. Everyone has unpaid bill. He is human like everyone else. Everyone think or seem like Michael Jackson can't make mistakes.That's a lie. We all human, and a long a we life we will always make mistakes and have unpaid bill. So R.I.P M.J.
On July 21st 2009, Mary Ann Henderson wrote:
I DO NOT CARE WHAT PEOPLE THINK, MJ WAS A GREAT ENTERTAINER AND I WILL MISS HIM. WHO DOES NOT HAVE BILLS OR OWE THE IRS, YOU WILL HAVE BILLS UNTIL THE DAY THAT YOU DIE. MY HEART GOES OUT TO HIS FAMILY. AS LONG AS HE WAS SINGING PEOPLE HAD BAD THINGS TO SAY ABOUT HIM–NOW THAT IS IS DEAD, STILL HEARING BAD THINGS–GIVE THE MAN A BREAK–MY GOD–NOW HE HAS PEACE LOVE YOU MICHAEL JACKSON