THE TAXMAN COMETH

Jacqueline Kennedy Onassis might or might not have been happy to observe last week's frenzied auction. But one onlooker can only be delighted: the Internal Revenue Service. It stands to pick up a large chunk, maybe even most, of the $30 million or so net that was raised.

Not that John F. Kennedy Jr. and Caroline Kennedy Schlossberg will need to pinch pennies. They have seen the value of the estate they inherited two years ago jump as much as two-thirds in four days, with the auction producing something for them that their mother's will did not: millions in ready cash....

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