Monday, January 26, 2015
Top Entrepreneur News

Mon, 26 Jan 2015 18:00:00 -0600

Twitter is a great marketing platform, but simply firing off tweets isn't going to necessarily translate into leads and sales.

Mon, 26 Jan 2015 17:30:00 -0600

Failures of trust and communication can be tricky to navigate. The Ethics Coach can help.

Mon, 26 Jan 2015 17:20:00 -0600

The idea is to give people an alternative to pricier data plans from the big cellular companies.

Mon, 26 Jan 2015 17:13:00 -0600

For $15 a week, Vida delivers live, one-on-one personalized medical advice from health-care pros.

Mon, 26 Jan 2015 17:00:00 -0600

The sharing economy increasingly looks like the quickest route to your own business for most people.

Mon, 26 Jan 2015 17:00:00 -0600

The Creatrs Network would give marketers access to the kind of content that is already resonating among Tumblr's 420 million total users.

Mon, 26 Jan 2015 16:30:00 -0600

Simplifying the challenge of managing a growing workforce is better for the company and appreciated by employees.

Mon, 26 Jan 2015 16:03:00 -0600

Probably true.

Mon, 26 Jan 2015 16:02:00 -0600

Instead of a chicken sandwich, this woman was given $2,631.

Mon, 26 Jan 2015 16:00:00 -0600

A commitment to transparency often spreads to the wider company culture, promoting more honesty and candid expression among your team members.

Mon, 26 Jan 2015 15:40:43 -0600

It is aimed at emerging market users with low-end mobile devices.

Mon, 26 Jan 2015 15:30:00 -0600

If you know you want to do more with marketing, but you're not sure where to start, spend some time with these resources.

Mon, 26 Jan 2015 15:18:00 -0600

In an effort to heat up customers' appetites for Sofritas, the burrito chain is offering a free entrée of any kind if you buy the organic tofu topping today.

Mon, 26 Jan 2015 15:12:00 -0600

Backed by the NYSE, the thriving San Francisco startup beat the Winklevii to the punch and is now processing trades in 24 states.

Mon, 26 Jan 2015 15:00:00 -0600

The bedrock of retirement planning for millions of people is much shakier than most realize.

Mon, 26 Jan 2015 14:35:00 -0600

In 2014, investment deals closed in a dozen cities that haven't seen VC money in at least five years.

Mon, 26 Jan 2015 14:30:00 -0600

Nobody gets everything right the first time around but some lessons should only need to be given once.

Mon, 26 Jan 2015 14:15:00 -0600

Don't be discouraged by the number of times you have tried and failed, but be inspired by the number of people who have failed and bounced back as successful entrepreneurs.

Mon, 26 Jan 2015 14:00:00 -0600

Behavior change is hard. With these tips, it's considerably less difficult.

Mon, 26 Jan 2015 14:00:00 -0600

In case you missed it, check out our weekly recap of tips, strategies and inspiration from Entrepreneur.com contributors.

Mon, 26 Jan 2015 13:30:00 -0600

Things like your boss, your education and your industry are all important when it comes to attaining greater earning power and success. But there's one more factor you might not have considered.

Mon, 26 Jan 2015 13:25:00 -0600

The South Korean tech company reportedly will be the main supplier of processors powering the next iPhone.

Mon, 26 Jan 2015 13:00:00 -0600

If you can't clearly define your mission and vision then there's nothing for you to build on.

Mon, 26 Jan 2015 12:30:00 -0600

After returning from Iraq, Shaun Garry struggled to find work, until he discovered 2Toots, a restaurant chain that hopes to become the first predominantly veteran owner-operator franchise.

Mon, 26 Jan 2015 12:00:00 -0600

When all three work together, you can experience the pure joy of entrepreneurship.

Sun, 25 Jan 2015 22:00:00 -0600

The headwear entrepreneur, whose eponymous line of SoCal-leaning merchandise is one of the hottest lifestyle brands on the youth market, has always been something of a natural born hustler.

Sun, 25 Jan 2015 19:00:00 -0600

A list of big, important predictions from the investors at venture capital firm Andreessen Horowitz.

Sun, 25 Jan 2015 17:30:00 -0600

Trying to get a business off the ground is hard enough. This entrepreneur found a way to better manage her business to fit her children's schedule.

Sun, 25 Jan 2015 15:00:00 -0600

Jason Silva, host of National Geographic's TV show 'Brain Games' and futurist with YouTube series 'Shots of Awe,' explains what makes great content online.

Sun, 25 Jan 2015 14:00:00 -0600

IT pros are the backbone of your business. Make sure they're up to the tall task.

Mon, 26 Jan 2015 13:56:00 -0600

Don't know what IMbp is? If not, then it'll cost you, starting today.

Mon, 26 Jan 2015 10:26:00 -0600

The vertical world of "management" and the horizontal world of "Agile" are incompatible.

Mon, 26 Jan 2015 04:52:00 -0600

Dear Liz, I'm a big fan of yours. I'm writing to you in a very upset state right now. I hope you have some advice for me. I took a new job a year ago. I hadn't worked for two years before that, because I had spent that time with my dad [...]

Sun, 25 Jan 2015 18:41:00 -0600

Set aside, for the moment, the diplomatic row being sparked by Speaker of the House John Boehner as he seeks to create two conflicting foreign policies for the United States—one pursued by the President and the other pursued by the Congress. Boehner’s hubris, in conjunction with Israeli Prime Minister Netanyahu’s desire to [...]

Fri, 23 Jan 2015 22:44:00 -0600

In our increasingly connected society, building a social media presence is as commonplace as getting a driver’s license. Personal Facebook profiles, LinkedIn accounts, and Twitter handles are common among students and professionals alike. However, frequently updating your Pinterest boards does not necessarily equip you with the tools and experience that [...]

Fri, 23 Jan 2015 22:04:00 -0600

In the first installment of this interview series with Doors drummer John Densmore, we covered Jim Morrison and Ray Manzarek, Densmore’s late former band mates, and what it was like from the drummer’s throne playing to wild-eyed fans. Here, Densmore discusses how to make it in the music business, the [...]

Thu, 22 Jan 2015 14:00:00 -0600

I’ve been hearing since before Christmas about Project Chrome, the code name for what has been touted to me as the biggest reorganization in IBM history. Well, Project Chrome is finally upon us, triggered I suppose by this week’s announcement of an 11th consecutive quarter of declining revenue for IBM. [...]

Thu, 22 Jan 2015 13:00:00 -0600

Deal with your speech anxiety by thinking about it differently.

Wed, 21 Jan 2015 17:07:00 -0600

Having been lapped by its rivals for decades, the famed British automaker is on a mission to regain supercar supremacy.

Tue, 20 Jan 2015 20:18:00 -0600

Endless demands and distractions have become the norm--but they don't have to throw you off course. Dr. Edward M. Hallowell discusses 'Attention Deficit Trait' and how to win back your focus.

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 20064 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.