Sunday, August 28, 2016
Top Entrepreneur News

Sun, 28 Aug 2016 16:00:00 -0500

If you're a small business, doing your own PR is all about crafting pitches and getting them to the right people.

Sun, 28 Aug 2016 15:00:00 -0500

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Sun, 28 Aug 2016 13:00:00 -0500

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Sat, 27 Aug 2016 16:00:00 -0500

Applying for a job? Try out these quick resume changes that will get you noticed by employers.

Sat, 27 Aug 2016 15:00:00 -0500

Podcasts are the way to go for busy entrepreneurs, who double as parents.

Sat, 27 Aug 2016 13:00:00 -0500

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Sat, 27 Aug 2016 11:00:00 -0500

Employees can make or break your organization. It's important to pay attention to them.

Sat, 27 Aug 2016 11:00:00 -0500

Seventy-eight percent of marketers say automation increases revenue.

Fri, 26 Aug 2016 23:00:00 -0500

The four biggest social media outlets provide unique features that can be used to grab the attention of job seekers.

Fri, 26 Aug 2016 22:30:00 -0500

For example, never use marketing automation just because you're lazy.

Fri, 26 Aug 2016 22:00:00 -0500

Twitter has expanded their definition of what counts as a threat.

Fri, 26 Aug 2016 21:35:00 -0500

Q: How do I build a cohesive team?

Fri, 26 Aug 2016 21:00:00 -0500

Burnout is one of the major reasons why employees leave their jobs.

Fri, 26 Aug 2016 20:00:00 -0500

Are you up to date on the rise of the cloud-connected storefront, combining 'clicks with bricks'?

Fri, 26 Aug 2016 19:30:00 -0500

Have you considered a truly interactive digital catalog? Sales plans for each count? The Pareto Principle? Yes, the Pareto Principle!

Mon, 29 Aug 2016 02:51:00 -0500

Want to be successful? Here are five steps to get there!

Mon, 29 Aug 2016 00:18:00 -0500

South China Sea disputes are turning worse. Last week, Philippines’President Rodrigo Dutertehad a loud and clear message for China: Stay away from our territory or else it could be a “bloody” confrontation. Philippines’s warning comes shortly before China hosts the G20 Leaders' Summit in the eastern city of Hangzhou on 4-5 [...]

Sun, 28 Aug 2016 16:14:00 -0500

President Barack Obama meets with Prime Minister Narendra Modi of India in June. (Photo by Dennis Brack-Pool/Getty Images)   Around August 30, in Washington, India and the U.S. will sign a major war pact that makes them logistical allies against, among others, the superpower China currently making a bold power grab in [...]

Sun, 28 Aug 2016 16:09:00 -0500

Amazon has just announced that it is going to be trialling, on a small scale, 30 hour work weeks for some teams of staff. There's one obvious reason an employer might do this- get hours just a shade under 30 a week and there're no requirements or penalties under Obamacare [...]

Sun, 28 Aug 2016 14:46:00 -0500

Are you potentially next on the list for downsizing? Here's what to do now.

Sun, 28 Aug 2016 09:38:00 -0500

(Credit: Apple) Is Samsung's Galaxy series lead over Appletoo wide -- even with the imminent iPhone 7 release?A survey may provide the best answer so far. Earlier this month, I highlighted a postat TechnoBuffalo with the headline, "The Galaxy Note 7 is miles ahead of the iPhone." The authorwent on to citethe [...]

Sat, 27 Aug 2016 13:56:00 -0500

First impressions are hard to erase. How you are dressed can give the impression of success.

Sat, 27 Aug 2016 11:32:00 -0500

A Rio judge does not discard the possibility that the guards' actions could be rightly interpreted as a robbery.

Fri, 26 Aug 2016 19:34:00 -0500

Brock Lesnar's bloody main event against Randy Orton at WWE SummerSlam has been the subject of much controversy. House Money Studios' Alfred Konuwa breaks down how the bout's finish, while spectacular, undermines WWE's concussion efforts. Is it time to bring "blading" back to WWE?

Wed, 24 Aug 2016 21:15:00 -0500

While many commercial drone operators have been celebrating new rules taking effect Monday that will relax restrictions on them, hobby model airplane and drone flyers have largely been unaware of what's about to hit them. Anyone using first-person-view systems must now obtain a Remote Pilot Certificate. Operating a drone without this certification will result in a fine up to $1,100.

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 27483 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.