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Prince, who died of an accidental drug overdose at age 57 in April 2016, also had no will or trust — or any tax shelter of any kind — so his estimated $200 million estate ended up being subject to as much as 50 percent in federal and state taxes, Billboard magazine reported last year. Even the estate of Michael Jackson has wrangled with the IRS over the value of its vast holdings, and therefore estate taxes owed, since the music legend's passing in 2009.
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