GUGGENHEIM TAX $30,000

The State Will Refund the Excess if the Estimate is Too High
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Special to The New York Times
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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

Acknowledgements

Mark Baber

Citation

Encyclopedia Titanica (2004) GUGGENHEIM TAX $30,000 (New York Times, Thursday 16th October 1913, ref: #3716, published 10 September 2004, generated 6th July 2020 11:56:45 AM); URL : https://www.encyclopedia-titanica.org/guggenheim-tax-30000.html