Just Good Music

movies and games

Michael Jackson owes the tax man millions

Michael Jackson

Michael Jackson

It has been revealed that Michael Jackson’s children’s inheritance will be dramatically shrunk  as the late singer owes the taxman $80 million.

The King of Pop who passed away last month leaving behind children Prince Michael, 12, Paris, 11, and seven-year-old Prince Michael II.

Before any of the children can be given any cash from the star’s album sales, the executors of his will must pay a federal estate tax bill of at least $80 million.

A source told Britain’s Sunday Express that Jackson’s family was prepared for a death tax bill, but had no idea it would be so high.

The source says, “This is a terrible added burden for the family to have to carry at a time like this. There’s no question that it’s going to mean a lot less money going to Michael’s children.”

Advertisements

July 20, 2009 - Posted by | Music |

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: