Friday, October 24, 2014
Top Entrepreneur News

Thu, 23 Oct 2014 23:00:00 -0500

With more millennials in the workforce, tensions between generations are inevitable. How can young leaders take charge and be taken seriously?

Thu, 23 Oct 2014 22:30:00 -0500

All you need to do is focus on your ABCs.

Thu, 23 Oct 2014 22:00:00 -0500

Here are five tips to ensure the good days don't go to your head and the bad ones don't go to your heart.

Thu, 23 Oct 2014 21:30:00 -0500

Knowledgeable people bring authority to your blog, not mention help socializing it, but don't let them overshadow you.

Thu, 23 Oct 2014 21:15:00 -0500

In the early stages of creating an enterprise, the most vital property is the big idea, invention or innovation. Here's how to safeguard it.

Thu, 23 Oct 2014 21:00:00 -0500

As streaming and on-demand programming become more prevalent, small business should take advantage of traditional strategies to stay ahead.

Thu, 23 Oct 2014 20:45:00 -0500

Are you ready to take the plunge and run a franchise business?

Thu, 23 Oct 2014 20:30:00 -0500

Whether you are giving a speech, a presentation, or simply running your business, there is no replacement for delivering your message in person and speaking from the heart.

Thu, 23 Oct 2014 20:18:00 -0500

The warehouse retailer teamed with Aetna, Execupay and LegalZoom on a new suite of services for business members.

Thu, 23 Oct 2014 20:15:00 -0500

Pioneers in new fields and innovators face extra risks. Here's how to venture forth wisely.

Thu, 23 Oct 2014 20:09:00 -0500

As regulators work on new so-called 'net neutrality' rules, the Senate Judiciary Committee Chairman has written to chiefs of AT&T Inc, Verizon Communications Inc, Time Warner Cable Inc and Charter Communications Inc.

Thu, 23 Oct 2014 20:02:00 -0500

The new app is inspired by the internet’s role as a 'third place' for strangers without traditional social bonds to meet and exchange ideas.

Thu, 23 Oct 2014 19:45:00 -0500

A balance of winning qualities propels business leaders to success. Here's how they all play out.

Thu, 23 Oct 2014 19:30:00 -0500

Talented people don't automatically succeed as a team. That requires steady leadership.

Thu, 23 Oct 2014 19:30:00 -0500

One CEO reports on how fostering a family atmosphere spurs productivity and flexibility among members of his team.

Thu, 23 Oct 2014 19:00:00 -0500

Researchers are looking at whether children can learn a trait that people need to build successful business.

Thu, 23 Oct 2014 18:45:00 -0500

Video posts are now growing twice as fast as photo posts on Tumblr. On Thursday, the company revamps its product to be more video-centric.

Thu, 23 Oct 2014 18:30:00 -0500

Since there’s no realistic way to avoid stress for entrepreneurs, learning to live with and manage it is the key to survival.

Thu, 23 Oct 2014 18:15:00 -0500

An entrepreneur makes his case for the efficiency of dashboards to inspire engagement, productivity and results.

Thu, 23 Oct 2014 18:00:00 -0500

Whether you're serving lunch or pivoting your business, you're paid to deliver results in a chaotic environment where you really don't control much.

Thu, 23 Oct 2014 17:54:00 -0500

Hate doing math? A new app called PhotoMath could solve your problems. But you'll have to check its work.

Thu, 23 Oct 2014 17:45:00 -0500

It's a little ironic. And also sad it has taken this long. But this tobacco giant will no longer allow the use of cigarettes, cigars or pipes inside conference rooms, offices or elevators.

Thu, 23 Oct 2014 17:42:00 -0500

Companies like Luminosity that are making 'brain games' are capitalizing on older individuals' fears of cognitive decline by making 'exaggerated and misleading claims' unfounded in scientific evidence, they contend.

Thu, 23 Oct 2014 17:30:00 -0500

Contributing to a reputable website is a great way for an individual to bring attention to their organization and establish credibility in their field.

Thu, 23 Oct 2014 17:15:00 -0500

A real estate executive learns firsthand from an industry icon how to bootstrap a business, be a strong seller, attempt balance and recover from any hard knocks.

Thu, 23 Oct 2014 17:08:00 -0500

The struggling retailer could close more than 100 stores before the end of the year, a news report says.

Thu, 23 Oct 2014 17:00:00 -0500

If you aren't communicating with your team, your company will suffer. Here is how to get everyone chatting -- and on the same page.

Thu, 23 Oct 2014 16:30:00 -0500

The former star of The Real Housewives of New York City slowly built up a name that she now uses for many products.

Thu, 23 Oct 2014 16:00:00 -0500

Many entrepreneurs struggle to separate the value of their business from their own net worth (and self-worth).

Thu, 23 Oct 2014 15:45:00 -0500

How to judge if you're on to something big.

Thu, 23 Oct 2014 19:45:00 -0500

Members of local affiliates of the Michael Bloomberg-backed gun control groups Everytown and Moms Demand Action will be waiting outside the supermarket chain's Cincinnati headquarters on October 29th to confront investors and executives.

Thu, 23 Oct 2014 19:19:00 -0500

Recycling is a great thing—but we’ve come a long way from those classic blue bins and spending hours sorting and rinsing. There’s more than one way to recycle, reuse and repurpose. In fact, with technology making lives easier and more efficient, going online to go green just makes sense. If [...]

Thu, 23 Oct 2014 18:04:00 -0500

VideoGreat ideas break things – boundaries, paradigms, and the status quo. Academy Award-winning actor Kevin Spacey spoke at the recent SapientNitro Idea Exchange in New York City, along with Bill Kanarick, the agency’s Chief Marketing Officer. Spacey shared his perspective on the intersection of story, technology and humanity and how technology [...]

Thu, 23 Oct 2014 15:40:00 -0500

see photosAP Photo/Matthew MeadClick for full photo gallery: The Most Ridiculous Excuses For Skipping Work For the last 10 years, job listing site CareerBuilder has put out a list it calls “The Most Unbelievable Excuses for Calling in Sick.” Last year an employee said he couldn’t come in because his false [...]

Thu, 23 Oct 2014 13:55:00 -0500

In the introduction of the iPad Air 2 Apple presentation designers created a great example of using a simple visual to tell a complex story.

Thu, 23 Oct 2014 13:18:00 -0500

To paraphrase a bit, a professional recently wrote me to say that he was capable of being a VP, but that he was happy in his job, but he didn't do such a good job of representing himself, but he was proud of his accomplishments, but he thought he should [...]

Thu, 23 Oct 2014 01:52:00 -0500

Europe and the United States have the means to stop Putin’s aggression and expansionism in its tracks by depriving him of his energy weapon once and for all time. The European gas stress tests prove this point.

Wed, 22 Oct 2014 23:58:00 -0500

VideoMath is one of the hardest subjects in school, which is why owning a graphing calculator seems like a necessity for students. But what if you could use your smartphone to solve equations by pointing the camera at the problem in your textbook instead of using a graphing calculator? That [...]

Tue, 21 Oct 2014 15:26:00 -0500

Toxic people defy logic. Some are blissfully unaware of the negative impact that they have on those around them, and others seem to derive satisfaction from creating chaos and pushing other people’s buttons. Either way, they create unnecessary complexity, strife, and worst of all stress. Studies have long shown that stress [...]

Tue, 21 Oct 2014 14:35:00 -0500

Halloween has become one of the fastest-growing consumer holidays, making it big business for retailers with an estimated tw0-thirds of Americans gearing up to celebrate the scariest holiday of the year. The National Retail Federation recently shared their annual Halloween Consumer Spending Survey conducted by Prosper Insights & Analytics, which reported [...]

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 19031 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.