Monday, November 24, 2014
Top Entrepreneur News

Mon, 24 Nov 2014 14:30:00 -0600

There are certain basic minimum tasks you need to be successful. Fail at these and your business fails, too.

Mon, 24 Nov 2014 14:29:00 -0600

The decision will be on whether to approve the takeover by the U.S.-based fast-food company of Canada's iconic coffee-and-donut brand.

Mon, 24 Nov 2014 14:18:24 -0600

Tammy Tibbetts has helped hundreds of girls around the world get access to education, and thereby, find their voice in society. First, though, she had to find her own voice.

Mon, 24 Nov 2014 14:12:00 -0600

Symantec says an advanced malicious software application has been uncovered that was used to spy on private companies, governments, research institutes and individuals.

Mon, 24 Nov 2014 14:00:00 -0600

Beat the Monday blues with our weekly recap of tips, strategies and inspiration from Entrepreneur.com contributors.

Mon, 24 Nov 2014 13:55:00 -0600

Gallup's spending survey seems to put coal in the stockings of retailers.

Mon, 24 Nov 2014 13:30:00 -0600

Organic reach has plummeted. You need to think of social media as just one facet of a diverse marketing plan.

Mon, 24 Nov 2014 13:00:00 -0600

Our constant quest to achieve faster results is a trap.

Mon, 24 Nov 2014 12:30:00 -0600

The work/life balance seems to be resolved. Work won.

Mon, 24 Nov 2014 12:30:00 -0600

For Lindsay Dellasega, EcoMaids is the perfect combination of sustainable living and entrepreneurship.

Sun, 23 Nov 2014 23:00:00 -0600

Facebook has spent billions acquiring companies over the years. Here's what it bought, and why.

Sun, 23 Nov 2014 20:00:00 -0600

Kevin Roberts, global CEO of advertising giant Saatchi & Saatchi, says that, to get people to fall in love with your product or service 'beyond reason,' you have to get them to feel.

Sun, 23 Nov 2014 19:00:00 -0600

A survey of more than 2,000 employees found that only 45 percent of time at the office is spent on primary job duties.

Sun, 23 Nov 2014 17:00:00 -0600

The best in the biz give their tips on how to be a best-in-class content marketer.

Sat, 22 Nov 2014 19:00:00 -0600

A recent Better Homes and Gardens Real Estate survey found strong interest among teens in one day purchasing the roof over their head.

Sat, 22 Nov 2014 19:00:00 -0600

The California tech giant hasn't always been a synonym for success.

Sat, 22 Nov 2014 17:00:00 -0600

Board games, role-playing games and other offline diversions are having a renaissance.

Sat, 22 Nov 2014 14:00:00 -0600

Every addicting product or service shares certain essential qualities. Here's author Nir Eyal's primer on why maximizing habit-forming triggers is so important.

Sat, 22 Nov 2014 12:30:00 -0600

This franchisee coaches others to follow in her entrepreneurial footsteps.

Sat, 22 Nov 2014 00:00:00 -0600

Get ahead of things early, lay down a firm foundation by asking the right questions and handle the flood.

Fri, 21 Nov 2014 23:45:00 -0600

Grade yourself on this checklist of managerial behaviors. Spot leadership mistakes that elicit less-than-desirable results.

Fri, 21 Nov 2014 23:30:00 -0600

Service-based businesses tend to struggle with promotions during the holiday season. Instead of letting this busy time of year pass you by, focusing on these tips to boost your sales.

Fri, 21 Nov 2014 23:00:00 -0600

SEO is not just about what is written. An SEO strategy for images is important for promoting, and protecting, your brand.

Fri, 21 Nov 2014 22:30:00 -0600

As any good salesperson knows, speak their language and you're halfway there.

Fri, 21 Nov 2014 22:15:00 -0600

Steer clear of inappropriate business remarks that will ricochet well beyond a private gathering.

Fri, 21 Nov 2014 22:00:00 -0600

What do marketers and big data have in common? They both have an insatiable desire to know more about their targets.

Fri, 21 Nov 2014 21:39:00 -0600

The noted author and publisher died earlier this month at the age of 78.

Fri, 21 Nov 2014 21:30:00 -0600

Hearing someone talk about how they 'wish' they had time to invest back in themselves and work out more often is crushing.

Fri, 21 Nov 2014 21:00:00 -0600

Working with others on a project is one of the most effective ways to move an idea forward.

Fri, 21 Nov 2014 20:30:00 -0600

Do you find yourself using the term 'a lot' with regularity? Break the habit with these more-specific synonyms.

Mon, 24 Nov 2014 05:45:00 -0600

While it may seem unlikely for Ukraine to become the next tech mecca, it's got some surprising advantages. I wouldn’t bet against it.

Mon, 24 Nov 2014 05:37:00 -0600

'The Walking Dead' finds its feet in Sunday night's episode 'Crossed.'

Mon, 24 Nov 2014 04:15:00 -0600

Liz, would you say there's a certain age after which it's impossible to change careers? Definitely. And what is that age? One hundred and seven. Come on! I'm being serious. Well, it's a very contextual question. It depends on what you want do in your new career. Give me an example. If you want to be a [...]

Mon, 24 Nov 2014 02:50:00 -0600

VideoWell, there certainly was "Something Else Going On" in Homeland Episode 409. (Spoiler alert for Homeland up to Episode 409) Catch your breath and let your heart rate drop below 100 and it becomes clear that the producers of Homeland  love The Big Bang. Maybe too much. Season one was supposed to [...]

Sun, 23 Nov 2014 17:58:00 -0600

'Dragon Age: Inquisition' is full of crafting and side quests, and this can be a problem.

Sun, 23 Nov 2014 01:30:00 -0600

The 30,000 'Lost' emails weren't backed up and are lost forever, IRS officials testified under oath. Now, it turns out they exist. What targeting will they reveal?

Sat, 22 Nov 2014 17:15:00 -0600

Gutsy Delta Air Lines stuck its neck out Friday, endorsing President Obama’s move to reshape immigration policy by restricting deportations. “Delta Air Lines applauds the steps announced this week to enact much-needed reforms to the nation's immigration system," said Joanne Smith, Delta's executive vice president and chief human resources officer, in a [...]

Fri, 21 Nov 2014 16:57:00 -0600

Personal finance site WalletHub surveyed 5,525 Black Friday ad scans from 22 of the country's biggest U.S. retailers, including the world's largest store chain, Walmart, and competitors Kmart, Sears and more.

Thu, 20 Nov 2014 14:05:00 -0600

The conventional wisdom is that humanities majors are wasting all that tuition money and dooming themselves to lives of underemployment. The conventional wisdom is wrong. Humanities degrees are actually worth well more than the cost of college.

Tue, 18 Nov 2014 19:01:00 -0600

They already own Budweiser-maker Anheuser-Busch InBev, Burger King and Heinz. Could Coke be next?

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 19280 Views :: Article Rating :: Business & Finance, Government & Society

California, USA – Chaldeans in California grow worrisome as the state’s debt skyrockets.  “They will tax the people to death in this state,” says Abrahim Bajoka, owner of an Arco Gas Station.  “Tax! Tax! Tax!  The more money they take from us the less we can grow, hire new people, or buy new products to sell.  This is basic business.  What is wrong with this state?”

Bajoka’s aggravation is not rare.  Taxpayer groups in the “Fruit & Nut” state are also fuming and vowing to go to court to initiate a referendum to halt nearly $10 billion in recent tax increases Democrats passed in a secret special session last Thursday. 

Lawmakers across the nation are shocked at the extraordinary parliamentary maneuver.   California Democrats circumvented a constitutional provision requiring a two-thirds vote in the state legislature to raise taxes by using their simple majority. “What they are telling small business owners is that we don’t want you in our state,” says Bajoka.  “The hard workers get taxed and the lazy get fed.  This is all wrong.”

So which are the best low-tax states welcoming new business leaders and encouraging economic growth?  Just follow the trail of Chaldeans….

Chaldeans are wisely picking the low tax states to expand their franchises or establish new businesses.  Lower taxes gives businesses more cash to spend exploring new business ideas, product lines, marketing, and research.  Kicking less money up to Uncle Sam also helps business owners better cope with changing estimations of expenses due to regulatory fuel and energy costs. 

Bajoka says that whatever taxes a business is required to pay will simply be passed to the customers by increasing the cost of products.  However, higher prices means less buying, which means less production and manufacturing or a slowing of the economy.  “Customers will buy less.  They can’t afford as much because government forces the prices to go up.  This is not the time to raise taxes.” 

Tax Foundation President Scott Hodge reported a study that shows Americans will spend more on taxes in 2008 than on food, clothing, and housing combined. The report went on to say that in 2008, Americans worked 74 days to pay their federal taxes and 39 days more to cover state and local levies.

Outside of leaving the country, the most one can do about Federal taxes is vote the right people into office.  But the state and local tax burden varies considerably by location. The most expensive state and local taxes are typically sales and excise taxes (14 days' pay), property taxes (12 days' pay), and income tax (10 days' pay).

U.S. News cranked recently sifted through more than 2,000 U.S. places to find locales that have relatively low taxes but also offer amenities important to small business owners like a reasonable cost of living and fine recreational and cultural choices. Many of the low-tax havens have no state sales tax, like Billings, Mont., or no state income tax, like Sioux Falls, S.D.

There's nothing like zero tax to make your business dollar go further. 

Chaldeans are well aware of one low-tax retirement gem, Stafford, Texas, a suburb of Houston.  The place has been booming with new businesses because of the suburb’s move to entirely eliminate its property tax in 1995. Texas is also one of seven states with no income tax. (The others are Alaska, Florida, Nevada, South Dakota, Washington, and Wyoming.) Stafford also has the lowest sales tax in the Houston area.

Chaldeans are also moving to Florida and Las Vegas.  The business-friendly tax structure of the states has kept the states doing amazingly well in comparison to states like Michigan, Illinois, and California are drowning.  Both Florida and Nevada have slashed government budgets instead of taking the short-term easy way out and tax residents and businesses. 

There is one state the our native desert dwellers have yet to invade.  The most tax-friendly state for businesses is Alaska. The geographically largest state in the union is the only one without any kind of income or sales tax and pays residents to live in their state.

Alaska residents with at least one year in the state receive annual Alaska Permanent Fund dividends. The state’s governor was able to secure an incredibly high payout for Alaskan residents of $3,269 in 2008, but even more typical dividends have been nothing to scoff at, ranging from $827 to $1,964 over the past two decades.

Who knows maybe Chaldeans will venture out into polar bear country?  Michigan Chaldeans won’t have much of a problem dealing with the frigid winds, snowy roads, and icy car doors - not as long as they keep the tea warm.