Friday, October 31, 2014
Top Entrepreneur News

Fri, 31 Oct 2014 21:00:00 -0500

Crowdfunding is the sweat equity of financing. Every company, no matter how small, can succeed but it requires a lot of work.

Fri, 31 Oct 2014 20:30:00 -0500

While at times GIFS get a bad rap, if used correctly they can punch up your content and differentiate your blog from others.

Fri, 31 Oct 2014 20:30:00 -0500

Consider these elements to keep your website fresh.

Fri, 31 Oct 2014 19:30:00 -0500

If you have a dream of a new product and fall into one of these three scenarios, Quirky might be a good platform for you.

Fri, 31 Oct 2014 19:28:00 -0500

Richard Branson's Virgin Galactic crashed during a test flight at the Mojave Air and Space Port in California.

Fri, 31 Oct 2014 19:00:00 -0500

Your old inventory, like the undead, will haunt your shelves. Free yourself with these five methods.

Fri, 31 Oct 2014 18:45:00 -0500

Leverage the skills you have into some side income. Teach a course. Do something you know.

Fri, 31 Oct 2014 18:30:00 -0500

A recent survey of 12,000 people revealed the companies they think are the most genuine, and the characteristics most important to them.

Fri, 31 Oct 2014 18:26:00 -0500

Under the framework, Internet service providers would be classified as an information service for consumers but a common carrier service for websites and content sites.

Fri, 31 Oct 2014 18:15:00 -0500

Forget about doing a major overhaul of your life. Just try these strategic approaches.

Fri, 31 Oct 2014 18:00:00 -0500

Raising money is an intricate web of objective fact, blind faith and calculations about whether you stay in control of your venture or hand it over to investors.

Fri, 31 Oct 2014 17:40:00 -0500

The device would allow for radical personalization in terms of both functionality and aesthetics.

Fri, 31 Oct 2014 17:30:00 -0500

If you're seeking money for your startup, you should be prepared to address potential issues that may face your business.

Fri, 31 Oct 2014 17:00:00 -0500

Make sure your staff understands what's expected on your social media platforms.

Fri, 31 Oct 2014 16:45:00 -0500

Understanding how we listen helps us forge stronger connections and solutions.

Fri, 31 Oct 2014 16:30:00 -0500

A millennial explains that building a great reputation is not a project for Day 1 at a new gig. Rather, bear down on the work or the assignment. The rest will follow.

Fri, 31 Oct 2014 16:06:00 -0500

The IFA plans to file a request with the National Labor Relations Board to disclose the reasoning behind deeming franchisors 'joint employers.'

Fri, 31 Oct 2014 16:00:00 -0500

Learn why documenting your processes is just as helpful for startups as it is for established businesses.

Fri, 31 Oct 2014 15:51:00 -0500

Once burned, twice shy doesn't apply. Amazon's not tapping out of the smartphone market just yet.

Fri, 31 Oct 2014 15:30:00 -0500

The wind is howling, it's getting darker earlier, and homes are decorated with scary looking creatures. And, you know, being an entrepreneur can be kinda scary.

Fri, 31 Oct 2014 15:24:00 -0500

The actor is apparently 'being eyed' to play the Apple co-founder in the still untitled Danny Boyle directed film.

Fri, 31 Oct 2014 15:18:00 -0500

The billionaire's penchant for playing dress-up has served as an effective marketing tool.

Fri, 31 Oct 2014 15:00:00 -0500

You'll need to tap your determination, persistence and trust to reach success, but there will be many barriers in the way.

Fri, 31 Oct 2014 15:00:00 -0500

There's more to being lean than cutting costs.

Fri, 31 Oct 2014 14:47:00 -0500

Tim Cook, in acknowledging his homosexuality, perpetuated a politically charged myth about gays in the workplace.

Fri, 31 Oct 2014 14:39:00 -0500

Howard Schultz calls the coffee giant's plans to deliver food and drinks "ecommerce on steroids."

Fri, 31 Oct 2014 14:30:00 -0500

Get ready to turn the old idea that 'sales minus expenses equals profits' on its head.

Fri, 31 Oct 2014 14:15:00 -0500

The more you plan ahead, learn about the successes and failures of other business leaders while simultaneously creating an agile, easily adaptable company, the more likely you are to pass new milestones seamlessly.

Fri, 31 Oct 2014 13:34:00 -0500

Kevin Weil, who was head of revenue-generating products, will now take charge of all products at the company.

Fri, 31 Oct 2014 13:30:00 -0500

Customers are not simply making cold calculations when they decide from whom they will buy. When they know the family, they trust the business.

Fri, 31 Oct 2014 19:34:00 -0500

I had a guy come in for a job interview and ask me for a cup of water. I got him some water from the nearest coffee station and brought it to him in a styrofoam cup. He took the cup, took a swig, swished it around in his mouth and [...]

Fri, 31 Oct 2014 18:00:00 -0500

You're likely to run into the question "Why do you want this job?" on a job interview. For some managers, it's their favorite question. As much as I hate most of the standard job-interview questions like "What's your greatest weakness?", "With all the talented candidates, why should we hire you?" and [...]

Fri, 31 Oct 2014 17:46:00 -0500

In case 435 horsepower isn’t enough, Texas-based Hennessey Performance is building a supercharged, 717-hp version of the new 2015 Ford Mustang. The high-performance tuner plans to build only 500 units of its HPE700 Mustang for the 2015 model year, founder John Hennessey said in a recent phone interview. He said the [...]

Fri, 31 Oct 2014 17:36:00 -0500

It’s been more than seven years since the release of the final book in the Harry Potter saga, Harry Potter and the Deathly Hallows, and more than three years since the final movie by the same name. And yet, the franchise of the boy wizard refuses to fade. Today, JK Rowling [...]

Fri, 31 Oct 2014 17:29:00 -0500

The Chinese jailbreaking team Pangu has finally released an update to its initial tool released last week and below you'll find a full step-by-step guide on how to jailbreak your Apple device and get access to a world of tweaking. Unfortunately it's PC-only as there's no Mac tool available yet [...]

Fri, 31 Oct 2014 15:48:00 -0500

Wave goodbye to Windows 7 and Windows 8 purchases.

Thu, 30 Oct 2014 17:08:00 -0500

Taylor Swift has unveiled quite a few surprises of late—moving from Nashville to New York, ditching the country format that elevated her to superstar status, and, yes, trying her hand at rapping in new album 1989. But perhaps more surprising than all of these developments is the fact that Swift is on pace to sell more than 1 million copies of 1989 in its opening week alone—a feat no solo artist has achieved since Swift herself did it two years ago with Red.

Thu, 30 Oct 2014 16:34:00 -0500

The Internal Revenue Service has announced the annual inflation adjustments for a number of provisions for the year 2015, including tax rate schedules, tax tables and cost-of-living adjustments for certain tax items. If you're looking for 2015 tax rates, here you go!

Thu, 30 Oct 2014 12:19:00 -0500

On October 17 of this year, investigative journalist Mubasher Lucman was banned for life from television in Pakistan. The case was taken up suo motu by the judiciary and found that Mr. Lucman maligned the judiciary egregiously enough to merit a lifetime ban from appearing in any capacity on television. As he says, [...]

Mon, 27 Oct 2014 15:32:00 -0500

The Gobi desert isn’t much to look at or live in, but it’s a great place to put wind turbines: remote, low in precipitation, and, of course, windy. China’s Sinovel Wind Group became the second largest wind turbine manufacturer in the world in part by filling the Gobi with its big, [...]

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 19063 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.