Thursday, September 13, 2007
Tax Analysts reports that the president's top economic adviser, Edward Lazear, is attempting to obtain a tax strategy patent. The patent application was filed by Liquid Engines and lists Mr. Lazear as the inventor. The application seeks a patent for "A System and Method for Multi-State Tax Analysis." Here is the patent abstract:
In an embodiment one or more alternate entity structures are created in response to a base entity structure. A tax liability is determined for each alternate entity structure and the base entity structure; furthermore, a result is generated in response to comparing each of the determined tax liabilities with one another.
(Hat Tip: Richard Winchester.)