Thursday, July 30, 2015
Top Entrepreneur News

Wed, 29 Jul 2015 23:00:00 -0500

Here are five signs that your company is going down a dead end and how to change course before it's too late.

Wed, 29 Jul 2015 22:30:00 -0500

Like consumers, employees have the ultimate buying power, and their buy-in is what makes any change successful.

Wed, 29 Jul 2015 22:00:00 -0500

Social intelligence? Smart analytics? Threat intelligence? It's time you learned about these new tools.

Wed, 29 Jul 2015 21:45:00 -0500

Inventors routinely believe they were the first to think of their great idea. They are not routinely correct.

Wed, 29 Jul 2015 21:36:00 -0500

Facebook COO Sheryl Sandberg said the huge increase in expenses was for 'growth we need now and in the future.'

Wed, 29 Jul 2015 21:30:00 -0500

Outsourcing builds a star team fast and affordably but synchronizing everybody is a job all by itself.

Wed, 29 Jul 2015 21:00:00 -0500

Taking your time to get back to that very promising applicant? You're making a big mistake.

Wed, 29 Jul 2015 20:30:00 -0500

Disneyland is not only a place for kids and adults to have fun. It's an exceptionally well-run business that any entrepreneur could glean valuable information from.

Wed, 29 Jul 2015 20:24:59 -0500

The company reported a loss, a co-founder left and the stock nose-dived.

Wed, 29 Jul 2015 20:15:00 -0500

For marketing to be effective, businesses need to befriend data and ensure they are measuring the right metrics for their business.

Wed, 29 Jul 2015 20:00:00 -0500

'In every business, even college recruitment, people are looking for someone to rescue them.'

Wed, 29 Jul 2015 19:32:00 -0500

The key to a lasting union isn't love, passion or sex. Not to the shrewd 'Mr. Wonderful.'

Wed, 29 Jul 2015 19:30:00 -0500

Finding the right fit can be the fuel that ignites personal passion, and that's exactly what you want from the people at your business.

Wed, 29 Jul 2015 19:30:00 -0500

Talk about a great payday.

Wed, 29 Jul 2015 19:15:00 -0500

Your business plan isn't a romance novel, so don't depend on just your passion to get investors interested in reading it.

Thu, 30 Jul 2015 03:01:00 -0500

(Photo by: David Giesbrecht/USA Network) The following contains spoilers of the sixth episode of the first season of USA Network’s Mr. Robot, which airs at 10pm EST on Wednesdays. Mr. Robot continues to impress. Now six episodes into its debut season, both critics and viewers have continued to praise the USA Network rookie [...]

Wed, 29 Jul 2015 16:48:00 -0500

You might also be surprised to learn that kindness carries with it a significant return on investment (ROI). Kindness is too often taken for weakness. It’s refreshing to see someone become so successful while maintaining a kind demeanor.

Wed, 29 Jul 2015 13:46:00 -0500

The No. 1 FORBES Top College 2015 is Pomona College, followed by Williams College and Stanford University. The highest rated public school is the University of California, Berkeley. This ranking is based on an ROI scale, with points for low debt, high graduation rates, student satisfaction and career success.

Wed, 29 Jul 2015 13:45:00 -0500

Stop thinking of Silicon Valley as an engineer's paradise. There's far more work for liberal arts majors -- who know how to sell and humanize.

Wed, 29 Jul 2015 12:30:00 -0500

When it comes to countries building nuclear reactors, the majority of the world's attention has been focused on just one of them over the past few years - Iran. However, it has now agreed to redesign and rebuild its reactor at Arak so it will not produce weapons-grade plutonium while [...]

Wed, 29 Jul 2015 12:21:00 -0500

Lois Lerner urged IRS employees to text rather than email, since Congress would see the emails. When assured texts were secret, she didn't mince words, calling texts "perfect."

Wed, 29 Jul 2015 09:00:00 -0500

Organic agriculture is an unscientific, heavily subsidized marketing gimmick that misleads and rips off consumers. The federal government should stop promoting and subsidizing it.

Wed, 29 Jul 2015 02:50:00 -0500

Your PC may be doing something behind your back...

Wed, 29 Jul 2015 00:40:00 -0500

The best and worst things about Windows 10...

Tue, 28 Jul 2015 13:55:00 -0500

At first, euphemisms surfaced in the workplace to help people deal with touchy subjects that were difficult to talk about. Before long, they morphed into corporate buzzwords that expanded and took over our vocabulary until our everyday conversations started sounding like they’re taking place on another planet: Listen Ray, [...]

Sat, 25 Jul 2015 17:16:00 -0500

The Beatles’ Manager, Brian Epstein, was a 30-yr old, former furniture salesman when Beatlemania hit America in 1964. When he was approached by savvy Nicky Byrne to license the Beatles’ name and likeness for various novelty products and toys, he firmly stated that he would not accept a penny less than [...]

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 22105 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.