Saturday, February 13, 2016
Top Entrepreneur News

Sat, 13 Feb 2016 13:00:00 -0600

For those of you who don't want to deal with reservations and crowds, order in your favorite food and read on for some great wine suggestions.

Fri, 12 Feb 2016 23:00:00 -0600

It only takes one mistaken tweet to obliterate years of good deeds.

Fri, 12 Feb 2016 22:30:00 -0600

From determining the best linking opportunities to choosing the best headlines, here is how to turn social-media users into regular visitors and customers.

Fri, 12 Feb 2016 22:00:00 -0600

All of us, regardless of job title or influence, do some type of sales on almost a daily basis.

Fri, 12 Feb 2016 21:30:00 -0600

Heather McGough of Lean Startup shares her wisdom on mindset, disruption and more.

Fri, 12 Feb 2016 21:06:32 -0600

The league is considering letting marketers use players' jerseys for advertisements.

Fri, 12 Feb 2016 21:00:00 -0600

Negativity will happen especially in times of stress. Use these tactics to turn those frowns upside down.

Fri, 12 Feb 2016 20:30:00 -0600

Instead, the company will begin focusing on a new service named Google Photos.

Fri, 12 Feb 2016 20:30:00 -0600

Lead-generation expert Alex Berman outlines the ways to define a sure-bet deal.

Fri, 12 Feb 2016 20:00:00 -0600

If you want to license your ideas, focus on finding those companies that are going to truly embrace you -- companies like Fat Brain.

Fri, 12 Feb 2016 19:55:00 -0600

The digital news outlet will offers users a reading experience similar to a text-message conversation. It's the latest in a string of startups and tech companies that are emulating the most basic digital communication format.

Fri, 12 Feb 2016 19:30:00 -0600

Stop thinking of vulnerability as a weakness; it's a leadership strength.

Fri, 12 Feb 2016 19:25:00 -0600

Vital Signs is reportedly a six-episode series starring Apple employee Dr. Dre in a dark, 'semi-autobiographical' role.

Fri, 12 Feb 2016 19:08:00 -0600

The video uses a combination of a record scratch, curious placements of smoke and rhyming ingredients spit out by the rapper.

Fri, 12 Feb 2016 19:00:00 -0600

These four stages that can make a huge difference in the way you seduce, sell, and seal the deal with your prospects and customers.

Sun, 14 Feb 2016 01:55:00 -0600

An eight-justice court will continue to operate, but in a fashion that could have frustrating ramifications for a number of major cases set to be decided. Here's how the court will function, and how and when the vacancy could be filled.

Sun, 14 Feb 2016 01:19:00 -0600

Apple's iPhone team has had a rough week in the spotlight. Error 53 may be rooted in Tim Cook's approach to security, but it was pitched as a software error that 'bricked' devices when the secure elements of an iOS-powered device were disrupted. The recently promoted issue of a date crashing and bricking an iPhone is a rather esoteric flaw in the code, but has still led to more headlines about irretrievably crashing iPhones. Why can't iOS fail gracefully?

Sun, 14 Feb 2016 00:01:00 -0600

Supreme Court Justice Antonin Scalia has died at the age of 79.

Sat, 13 Feb 2016 22:42:00 -0600

The court's most acerbic justice and pillar of the conservative majority is dead at 79.

Sat, 13 Feb 2016 21:32:00 -0600

Some believe the rubber crumbs used in synthetic fields pose health concerns.

Sat, 13 Feb 2016 15:45:00 -0600

'Deadpool' image courtesy of 20th Century Fox Deadpooljust scored the single-biggest day ever for an R-rated movie, and it's (probably) about to snag the first $100 million+ R-rated opening weekend. Fifteen years ago, Hannibal, the much-anticipated follow-up to The Silence of the Lambs,opened with a massive $58 million Friday-to-Sunday frame. At that [...]

Sat, 13 Feb 2016 13:07:00 -0600

For the NFL, the wager is all about simple math.

Sat, 13 Feb 2016 05:37:00 -0600

Christopher is in a bad place because at his job, the workday is never done. What would you advise Christopher to do?

Tue, 09 Feb 2016 17:54:00 -0600

We need to build a new system: one that will balance economic growth with sustainability and human flourishing.

Tue, 09 Feb 2016 16:15:00 -0600

No, you can’t take your money with you when you pass on, but you can use it to build a lasting legacy. Last year the two most philanthropic figures of 2015 left their riches to others upon their deaths, and their various bequests eclipsed the giving of the living. A list [...]

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 24859 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.