Your Client Wants to Reduce Its Overall State/local Income Tax

question 32

Essay

Your client wants to reduce its overall state/local income tax rate. It holds income-producing assets of various types, including tangible personal property, rental land and buildings, and high-yield stocks and bonds. How might this taxpayer restructure its operations to achieve the desired tax result?

---

Definitions:

Criminal Activities

Acts that are forbidden by law and punishable by the state or other authority.

Durkheim

Emile Durkheim, a founding figure in sociology, known for his works on the social causes of suicide, the functions of religion, and the concept of the social fact.

Egoistic Suicide

A concept in sociology, described by Emile Durkheim, referring to the act of taking one's own life due to a lack of social integration and a sense of not belonging.

Anomic Suicide

The type of suicide occurring when there are disintegrating forces in the society that make individuals feel lost or alone.