Michael Jackson’s Death Tax is based on $200M and not $500M

Michael Jackson’s Death Tax is based on $200M and not $500M

 

They say Michael Jackson’s estate is now worth $500 Million, the estate tax is at death value of the estate and not the surge after the fact.  Maybe he was worth $200 Million at death and gained value?  Than the death tax is based on $200 Million and not $500 Million?  So it is really possible for the estate to pay about $85 Million in death taxes and walk away with about $500 Million when the dust is settled.  There were no state death taxes in California at the time of Michael death.

 

Everyone who has been following the Michael Jackson saga knows interest grow immensely concerning Michael after he died which is sad but true and his assets gain value almost immediately after his death.  It is said that the temporary executors are making deals worth tens of millions of dollars to the beneficiaries of the estate and is going to turn the deed to the Encino Mansion over to Mrs. Katherine Jackson and the stipend would be in addition to that, which is more than $3.5 Million, but still controlling.  I mean Mother Katherine did not say she was homeless she said they needed money.  But I guess it is all good, if the stipend is about the amount they are accustomed to the maintenance of their living standards which is a term (stipend) I understand to mean non taxable income.

 

I know these are tough times for the Jackson Family to have to deal with business at such an intensive level using good judgment as they start to realize Michael is not coming back.  Hopefully when all is settled they will have time to truly weep.

Michael Jackson Memorial Tax money misappropriated or tax misappropriation

Michael Jackson Memorial Tax money misappropriated or tax misappropriation

 

They spent $4 Million dollars to protect the city during a huge event, not to protect the event be that understood.  The Federal government wants an estimated $80 Million dollars in estate or death tax money.  Michael gave over $300 Million in charitable donations and I have not data on the taxes he already paid prior to the death tax to be imposed against his estate.

 

In all reality who is coming out way ahead?  The memorial service went smooth and every dollar invested to bring about these results was well worth it.  The question is not was tax payers money misappropriated, but is the death tax a misappropriation of government.  The question is does the copyright act of 1909 supersede the last will of Michael Jackson and negate the rights of these false executors to rape the estate and pay unconstitutional taxes to the federal government out of copyrighted material. 

 

Remember the last will has not been found valid yet and the arrangement is temporary and the death tax may well be repealed.  In such a case there would be a case of possible misappropriation of tax payer dues, but as it stands to say such a thing is purely shameful.  After all he gave and is still asked to give to the country and the world to insinuate that money was misappropriated by any standards is disgusting.  And let us not forget that the state of California is receiving 10% of the Federal Government’s stimulus package of $787 Billion or about $79 Billion, which 1% comes from Michael estate and the $4 million for the memorial service comes to a trivial amount like what 0.05%.  California needs to just legalize their marijuana and stop acting like a petty panhandler.  Because you obviously do no know Michael Jackson’s fans! 

Do I stand corrected at $1.4 Million?