By Walt Hickey Likeness U.S. Tax Court ruled that the concept of “Michael Jackson” is worth exactly $4.15 million, the result of a years-long dispute between the Internal Revenue Service and the artist’s estate. The IRS argued that Jackson’s likeness and image was worth $434 million, owing to his status as an enormously popular pop musician with global appeal and identification, whose estate can obviously make a fortune from him. The estate, which would prefer to not pay taxes on a multi-million dollar asset, countered that they believed Jackson’s image and likeness rights were worth only $2,000 at the time of his demise. The judge clearly went toward the lower anchor in this negotiation, making this a pretty significant tax win for the estate.