GUGGENHEIM TAX $30,000

New York Times

The State Will Refund the Excess if the Estimate is Too High
---
Special to The New York Times
---
ALBANY, Oct. 15---The estate of Benjamin Guggenheim, one of the Titanic victims, to-day paid Controller Sohmer $30,000 as a transfer tax. This payment was made because the eighteen months limit expired to-day, and that after this date a penalty for non-payment would have been levied.

It is believed that the sum paid will cover the amount of the tax. If there is any excess in the payment it will be refunded to the estate without interest. The payment was made by Simpson, Thacher & Bartlett, attorneys.

Related Biographies:

Benjamin Guggenheim

Contributor

Mark Baber

500
Leave a comment...