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Michael Jackson Estate Facing Massive Tax Debt

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UPTOWN_michael_jacksonCourtesy of EURWeb

Knock. Knock. Who is it? Uncle Sam.

On the near eve of his 55th birthday (August 29) there is yet another hurdle facing the estate of the late Michael Jackson.

Though said estate was able to pay off the star’s enormous personal debt, said to be nearly a half billion dollars, according to Reuters, the IRS now claims the King of Pop owes them $702 million in federal taxes and penalties.

Ouch!

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