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?

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The Answer of 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?

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