Thursday, December 18, 2014
Top Entrepreneur News

Thu, 18 Dec 2014 12:00:00 -0600

Get the inside scoop on the three traits I've discovered have been the key to a life of an entrepreneur.

Thu, 18 Dec 2014 11:00:00 -0600

Brand partnerships can be a goldmine for today's biggest YouTubers. But 22-year-old Connor Franta, who boasts a digital footprint of 5 million followers, would much rather build brands of his own.

Thu, 18 Dec 2014 00:00:00 -0600

While this technology was initially limited to R&D labs, now it's pervading almost every industry. A person with an idea can create a prototype of a product with greater ease.

Wed, 17 Dec 2014 23:00:00 -0600

While December tends to be one of the busiest months for many small business owners, it's a critical time to look ahead and assess the retirement strategy.

Wed, 17 Dec 2014 22:45:00 -0600

As employers plan to hire more employees, they should be mindful of these hiring undercurrents and developments.

Wed, 17 Dec 2014 22:30:00 -0600

In this age of information overload, startup founders who are aware and keep their heads above the competition will find success.

Wed, 17 Dec 2014 22:15:00 -0600

Here's a goal that can apply both to your company's flourishing or personal growth.

Wed, 17 Dec 2014 22:00:00 -0600

Ironically, you can automate sending the personal note or thoughtful gift that seals a relationsip the way no email can.

Wed, 17 Dec 2014 21:44:00 -0600

Jason Kilar and co-founder Richard Tom are building a platform to rival YouTube.

Wed, 17 Dec 2014 21:30:00 -0600

Wireless technology presents a huge opportunity to change how we handle many everyday tasks.

Wed, 17 Dec 2014 21:24:00 -0600

Kmart inadvertently canceled online layaway orders for customers and is scrambling to fix the issue.

Wed, 17 Dec 2014 21:23:00 -0600

A new policy by President Obama means that importing up to $100 worth of Cuban tobacco products will be legal.

Wed, 17 Dec 2014 21:00:00 -0600

Books are relaxing and improve intelligence in more ways than just imparting knowledge.

Wed, 17 Dec 2014 20:45:00 -0600

If this year has left you feeling uncertain about your future, then it's time go on the offensive. Find out how.

Wed, 17 Dec 2014 20:30:00 -0600

Professional musicians give inspiring performances. Successful entrepreneurs do the same thing.

Wed, 17 Dec 2014 20:30:00 -0600

Derby's unusually small forearms kept him from playing with the other dogs, until he received a pair of robotic legs that lets him keep up with his friends.

Wed, 17 Dec 2014 20:23:00 -0600

Their names are predictably funky, but they look pretty sweet.

Wed, 17 Dec 2014 20:15:00 -0600

Dartmouth's Sydney Finkelstein offers his top five executives for the year. Who did he miss?

Wed, 17 Dec 2014 20:13:35 -0600

Will today's smartphone shoppers -- ever in pursuit of the next big thing -- be enticed by a product harkening back to the primitive devices of yore? BlackBerry hopes so.

Wed, 17 Dec 2014 20:06:00 -0600

The lamentations of how McDonald's will somehow hurt Cuba are misplaced. You should be cheering on the Golden Arches.

Wed, 17 Dec 2014 20:00:00 -0600

One of the few certainties in the entrepreneurial journey is that you don't know what you don't know. Seek advice from the experienced.

Wed, 17 Dec 2014 20:00:00 -0600

Be direct to gain more clicks and customers through this advertising tool.

Wed, 17 Dec 2014 19:30:00 -0600

Leaders who get the most from their teams are those who rely on fear the least.

Wed, 17 Dec 2014 19:15:00 -0600

Leaders of startups can set out to try make the world better by refining their new product so their venture survives.

Wed, 17 Dec 2014 19:00:00 -0600

You might think empathy is just a touchie-feelie hippie notion, but it's also smart business.

Wed, 17 Dec 2014 18:45:00 -0600

Basic research and expert interviews can be used in various channels to increase reach.

Wed, 17 Dec 2014 18:30:00 -0600

Managing and motivating remote teams is an increasingly necessary skill.

Wed, 17 Dec 2014 18:26:00 -0600

With new software, researchers say Yelp reviews can serve as a crystal ball for restaurant failures.

Wed, 17 Dec 2014 18:06:27 -0600

Spire is a clip-on device that sort of looks like a rock but monitors your fluctuating levels of stress.

Wed, 17 Dec 2014 17:50:00 -0600

The toy comes straight out of San Francisco, giving some California love to the rapper and to Jewish people everywhere.

Thu, 18 Dec 2014 08:45:00 -0600

Share price of BYD, a Chinese electric cars company backed by Warren Buffett, has seen a wild swing in the afternoon trading hours on Thursday. The stock closed at HKD 25.05 per share, down 28.8% from the opening price of HKD 36.2 per share. At the peak the shares were down [...]

Thu, 18 Dec 2014 05:46:00 -0600

They might not have the star power of ESPN, but Steve Berra & Eric Koston who run an indoor skate park called The Berrics have a far better engagement rate with their audience. That’s because they video a lot of the skateboarding stars that visit the park.  The content is [...]

Wed, 17 Dec 2014 21:12:00 -0600

For most professionals, the use of words like “Uh,” “Um” and “So…” can easily get out of control if we’re not conscious of them. These innocent-seeming filler words aren’t an issue when they’re said once or twice in a meeting (in which case they can actually make a person seem [...]

Wed, 17 Dec 2014 18:09:00 -0600

The pending Comcast-Time Warner Cable merger could reshape the media landscape for future generations. But the companies face high hurdles in closing the deal.

Wed, 17 Dec 2014 15:55:00 -0600

Every year, my team of futurists at Frost & Sullivan puts their heads together to come up with the top trends for the upcoming year. Last year, the team did particularly well with its top 14 trends for 2014. In particular, the team's predictions on 3-D, virtual currency, online retailing, Big [...]

Wed, 17 Dec 2014 15:09:00 -0600

This was an exciting year for social. About 300,000 apps were added to the Apple App Store. Eighty-five billion apps have been downloaded since October. Instagram’s active use grew by 23 percent. Even Monica Lewinsky became active on Twitter after her compelling speech at the Forbes Under 30 Summit. As 2015 [...]

Wed, 17 Dec 2014 14:59:00 -0600

The U.S. continues its five year slide thanks to an expanded government and new regulations in finance and healthcare.

Wed, 17 Dec 2014 14:54:00 -0600

Europe dominates the top 25 with more than 70% of the entries, including top-ranked Denmark.

Wed, 17 Dec 2014 11:02:00 -0600

follow Mamalode down the path to differentiated, protectable business models

Tue, 09 Dec 2014 15:00:00 -0600

We all know that living under stressful conditions has serious physical and emotional consequences. So why do we have so much trouble taking action to reduce our stress levels and improve our lives? Researchers at Yale University have the answer. They found that intense stress actually reduces the volume of [...]

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 19611 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.