MICHAEL JACKSON - MICHAEL JACKSON SETTLES TAX DEBT

Caption: Over a thousand lots of goods linked to Michael Jackson and the Jackson family are expected to fetch millions of dollars when the two-day sale opens at the Hard Rock Hotel and Casino on Wednesday Las Vegas, Nevada ....

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Pop superstar MICHAEL JACKSON has settled an outstanding tax bill of $600,000 (GBP300,000) relating to his now-abandoned Neverland Ranch. The Thriller hitmaker made the payment for the tax lien on his Los Olivos, California mansion last week (ends01Feb08), according to state records in Santa Barbara County. But the singer is still struggling to pay off a debt of $23 million (GBP11.5 million) after defaulting on a loan taken out against the sprawling Neverland estate. The property has been vacant since 2005, when Jackson was acquitted of child molestation charges.

02/07/2008 07:24:00 PM

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MICHAEL JACKSON - MICHAEL JACKSON SETTLES TAX DEBT

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