Binh owns several businesses. The total income generated by all his businesses Communication Skills.

Binh owns several businesses. The total income generated by
all his businesses Communication Skills puts him in the highest marginal tax bracket.
Seeking to lower the overall tax on his business income, Binh is thinking of
creating two S corporations and putting half his business interests in each.
Will this arrangement lower his overall tax? Write a letter to Binh in which
you explain the tax effects of organizing his businesses as two S corporations.
In your letter, suggest an alternative plan that might lower his tax.