Monday, May 2, 2016
Top Entrepreneur News

Mon, 02 May 2016 22:30:00 -0500

What is your primary motivation in life? Find that out and see where that leads you.

Mon, 02 May 2016 22:00:00 -0500

Entrepreneurs plan on how they'll execute a business or service, but the real question driving a sustainable brand should be 'Why?'

Mon, 02 May 2016 21:30:00 -0500

Get a leg up on success by listening to customer needs and understand their experiences with your company.

Mon, 02 May 2016 21:00:00 -0500

Shoot for goals that are 10 times bigger, and actually believe in them.

Mon, 02 May 2016 21:00:00 -0500

Your online presence is one of the best ways to build identity capital and invest in your future.

Mon, 02 May 2016 20:30:00 -0500

Are you paying attention to exiting employees and the important information they can provide?

Mon, 02 May 2016 20:00:00 -0500

Here are 30 motivational quotes that prove it.

Mon, 02 May 2016 19:30:00 -0500

As the use of paper checks grows increasingly archaic and inefficient, a fast-growing field of electronic payment options are battling for your business.

Mon, 02 May 2016 19:15:00 -0500

Here's why LinkedIn is the wrong social-media platform to be selling anything.

Mon, 02 May 2016 19:05:00 -0500

The uncertainty is affecting plans to hire and decisions on investment and employee benefits, according to a new survey.

Mon, 02 May 2016 19:00:00 -0500

More than raising funds or holding the vision, a founder has to make great hires, create processes for them to do, and then step aside.

Mon, 02 May 2016 19:00:00 -0500

From Coco Chanel to Jack Dorsey, here are some words of wisdom from business leaders across the generations.

Mon, 02 May 2016 18:35:00 -0500

Two sisters are behind Babbler, which just raised more than $2 million and aims to better connect media and PR professionals with a social network-like platform.

Mon, 02 May 2016 18:30:00 -0500

Companies at the vanguard of workplace design continue to push new ideas focused on engaging clients and empowering staff

Mon, 02 May 2016 18:15:00 -0500

On this episode of Spartan UP! podcast, the bestselling author of "The Bulletproof Diet" describes biohacking's unconventional methods to improve physical and mental health.

Mon, 02 May 2016 17:49:00 -0500

When pensions fail, generally all parties responsible—including the Pension Benefit Guaranty Corporation (the federal government agency that protects pensions)—agree there is no need to investigate the causes. Wall Street firms earning fat fees for managing pension assets; conflicted investment consultants recommending asset allocations, as well as money managers who pay them [...]

Mon, 02 May 2016 17:45:00 -0500

Activision has debuted both Call of Duty: Infinite Warfare and the Call of Duty: Modern Warfare remaster today, but the older game is attracting dramatically more attention than the new one.

Mon, 02 May 2016 15:06:00 -0500

Here are some of the worst LinkedIn headline branding choices -- make sure your LinkedIn headline doesn't include these unfortunate branding options!

Mon, 02 May 2016 14:20:00 -0500

Expert tips for job hunters, employees and business owners on how to craft emails that attract attention and spur action.

Mon, 02 May 2016 14:03:00 -0500

The "dirtiest man on TV" Mike Rowe explains why the mastery of a trade yields more than a skill to fall back on. It provides a pathway to entrepreneurship.

Mon, 02 May 2016 12:34:00 -0500

Nobody goes to business school with the goal of becoming a stand-up comedian. With a salary in the single digit thousands of dollars, post-MBA earnings pale in comparison to the strategy consultants, investment bankers and brand managers. Paul Ollinger was no different. Working a low-paying job in the sticky heat of [...]

Mon, 02 May 2016 11:30:00 -0500

Canadian singer, Aubrey Drake Graham who is better known by the name Drake, performs on the main stage at Wireless festival in Finsbury Park, London, Friday, July 3, 2015. (Photo by Joel Ryan/Invision/AP)   The view from the top is pretty great, just ask Drake.The hip-hop star's new album, Views, was always [...]

Mon, 02 May 2016 02:51:00 -0500

A familiar face makes a shocking return in Sunday night's episode of 'Game Of Thrones.'

Sat, 30 Apr 2016 19:21:00 -0500

Say goodbye to Sports Authority

Sat, 30 Apr 2016 18:47:00 -0500

If you haven't tried content marketing, it's fast becoming a requirement in marketing as opposed to the aforementioned trends.

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 26173 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.