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I Vant To Suck Your . . .

. . . bank account? To keep the lifeblood flowing in your financial veins, protect yourself from the local tax bogeyman.

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This story appears in the March 2000 issue of Entrepreneur. Subscribe »

If you're like most entrepreneurs, state and local taxes are probably taking a sizable bite out of your company's bottom line. But there's no reason to roll over and pay the tax collector. It's time to put some useful tax-saving strategies to work.

At the state and local levels, the tax landscape has undergone some major changes. "As the U.S. has moved from a manufacturing to a service economy, state and local governments have had to change the way they tax business activity to preserve their tax base," says Joe W. Neff, partner in charge of state tax consulting at PriceWaterhouseCoopers in Los Angeles.

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