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We May Have To Wait A Year For Decision In Michael Jackson Estate Tax Case

We May Have To Wait A Year For Decision In Michael Jackson Estate Tax Case

The intensity of the coverage of the Tax Court proceedings in the Jackson case may be unprecedented. There are occasions when Tax Court decisions break out of the tax ghetto into the mainstream.  A notable example was Anietra Hamper, a TV anchor who tried to deduct her undergarments.  But the Jackson case.  Wow.  Richard Rubin has written an article about the writing style of Judge Mark Holmes who is handling the case.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.