President Bush's Top Economics Advisor Seeks Tax Strategy Patent

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.)