The Economic Times

$700 million tax bill vs $4.15 million image: The court case that saved Michael Jacksons heirs

A US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerably lower than the IRS's previous claim of $1.1 billion for the estate. Following a lengthy legal battle, the judge's ruling will significantly reduce the estate tax owed by Jacksons heirs. The judge noted that Jackson's image has diminished in value over time due to various controversies.