Want To Know Why A Wealth Tax Won’t Work? Remember The Time Michael Jackson’s Estate Landed In Tax Court
Want To Know Why A Wealth Tax Won’t Work? Remember The Time Michael Jackson’s Estate Landed In Tax Court
Michael Jackson in New York City, New York (Photo by Kevin Mazur/WireImage)
WireImage
If you want to know why a wealth tax would be an administrative nightmare, take a look at the dispute over the estate of pop star Michael Jackson, which recently was resolved in federal tax court—12 years after his death and following eight years of litigation that made Jarndyce v. Jarndyce look like a trip to…