Herzberg v. Wisconsin Tax Commission

No contention is or well could be made but that it was proper, under sub. (5), sec. 72.15, Stats., for inheritance tax purposes, to appraise, determine and find, as was done, that at the time of Mr. Herzberg’s death the “clear market value” of the then present worth of the future payments to be made to the estate under the contracts covering renewal commissions was $66,071. That such was a correct computation was not then and is not now questioned. The inheritance tax proper to be assessed upon such amount as the value of such future estate as of the time of its transfer by the death of Mr.…