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Tax Man Claims Star's Disney Fortune
2 Jun
Summary
- Hayley Mills lost most of her Disney film earnings to a tax bill.
- Her father's business manager gave poor financial advice.
- She learned about the tax liability upon turning 21 years old.
Actress Hayley Mills, known for her roles in 1960s Disney films, has disclosed the substantial impact of a tax bill on her earnings. Mills starred in beloved movies such as 'Pollyanna,' 'The Parent Trap,' and 'That Darn Cat!' during her time with Disney.
Her substantial fortune from these films was largely lost due to advice from her father's business manager, Stanley Passmore. Mills explained on a recent podcast that super tax rates reached 90 percent in the 1960s, necessitating the payment of a large portion of her earnings to the tax man.
Upon turning 21, Mills was informed of her significant tax liability. She recounted being presented with the details by Passmore, who reportedly advised her to move to America. Her sister, Juliet Mills, has referred to Passmore as a 'crook.'
