Monday, May 30, 2016
Top Entrepreneur News

Mon, 30 May 2016 12:00:00 -0500

The benefits of adding video to your current social platforms are vastly greater than just doing what you are doing on more platforms.

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

Change self-defeating thought patterns is easier than most people think.

Sun, 29 May 2016 18:00:00 -0500

Moving out of the corner office can be one of the most important decisions a company founder makes.

Sun, 29 May 2016 15:00:00 -0500

Keep these in mind to design an email marketing campaign that's easy on the eyes

Sun, 29 May 2016 12:45:00 -0500

Brian Steorts is the owner of a veteran-run business called Flags of Valor. Here, he shares how working with "America's best" is an entrepreneurial privilege.

Sun, 29 May 2016 12:01:00 -0500

Military talents can transfer well to guiding a team through the challenges of starting and running a small business.

Sun, 29 May 2016 11:00:00 -0500

Based on the experience her children had with Best in Class Education Center, Priya Venkat opened two franchises in Texas.

Sun, 29 May 2016 10:30:00 -0500

More veterans are embracing their entrepreneurial side. Check out these facts and figures.

Sat, 28 May 2016 18:00:00 -0500

Even the elite in business first-class can can improve their travel experience.

Sat, 28 May 2016 17:09:00 -0500

Nothing feels better than a juicy burger, especially on an empty stomach. From Fatburger to Johnny Rockets, here are some of the best burger franchises in the U.S.

Sat, 28 May 2016 15:00:00 -0500

As a startup owner, you obviously want to figure out the best way to measure success. These positive reinforcers will let you know you're on the right track.

Sat, 28 May 2016 11:00:00 -0500

Sure, we talk about company culture, but where does it come from? And does it really matter? This infographic provides some insight.

Sat, 28 May 2016 03:00:00 -0500

Feed your creativity and reduce distractions with the right work surfaces, the right chair, and a good balance of sights and sounds.

Fri, 27 May 2016 23:00:00 -0500

Customers buy products because of awesome marketing, not because of an awesome salesperson.

Fri, 27 May 2016 22:30:00 -0500

To find an employee who's a perfect fit, go beyond their resume before you make a commitment.

Mon, 30 May 2016 06:13:00 -0500

Volkswagen's Audi cars lined up for export in Emden, Germany (Photo: Sean Gallup/Getty Images) Announcing that Volkswagen AG’s sales are drowning in the wake of dieselgate, going under along with the company’s sullied reputation, swaths of the world media succumbed to a serious contagion of confirmation bias. Quite the opposite is [...]

Mon, 30 May 2016 05:35:00 -0500

What should Gary do when the VP of HR tells him "We want to hire someone just like you -- only cheaper!"?

Mon, 30 May 2016 02:58:00 -0500

Sunday night's episode of 'Game Of Thrones' was a turning point for the season and the show.

Sun, 29 May 2016 13:45:00 -0500

Much amusement around and about the place as Donald Trump tells California that there is no drought and that when he's President then there will be plenty of water for everyone. The amusement being that of course, how could anyone spout such nonsense, everyone knows that California's had a drought [...]

Sat, 28 May 2016 06:03:00 -0500

VideoAfter a longstanding battleto get sanctioned in Thailand, ONE Championship finallyopened the door for mixed martial arts in the birthplace of Muay Thai on Friday night, hosting the country’s first event by a major MMA organization. The “Kingdom of Champions” card was a smashing success for Asia’s largest sports media property, [...]

Fri, 27 May 2016 11:37:00 -0500

You are a knowledge worker, and you know that if you want to keep working you need to be constantly upgrading your knowledge. But what sort of knowledge?

Thu, 26 May 2016 14:28:00 -0500

Unlike finance or sales, supply chain is a business discipline that’s still very much in its infancy. The conditions giving rise to the Chief Supply Chain Officer role have only been around for about 25 years. Outsourced manufacturing, free trade with China and other emerging economies, and most importantly, connected [...]

Thu, 26 May 2016 12:36:00 -0500

Apple has a growth problem. Can cars solve it? No way. But that has not stopped Morgan Stanley from predicting that cars will add $400 billion to Apple's top line by 2030. For all that, Morgan Stanley expects Apple stock to rise a mere 20%to $120. Before getting into why anyone who [...]

Thu, 26 May 2016 00:20:00 -0500

Apple is designing a radical new iPhone...

Tue, 24 May 2016 11:56:00 -0500

Tracking vacation days is an archaic method of managing productivity. Learn how innovative companies are boosting their bottom lines by giving everyone unlimited time off.

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 26461 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. 

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