Saturday, November 28, 2015
Top Entrepreneur News

Fri, 27 Nov 2015 19:00:00 -0600

Change your habits, change your business and change your life.

Fri, 27 Nov 2015 18:00:00 -0600

If you're interested in more adult shopping for Black Friday through Cyber Monday, wine companies are uncorking deals.

Fri, 27 Nov 2015 17:30:00 -0600

The movie focuses on the 'hero's journey,' a structure that can be useful when telling VCs your company's story.

Fri, 27 Nov 2015 16:30:00 -0600

Is your child pulling on your heartstrings, begging for that special toy or trip? What you should do is plan.

Fri, 27 Nov 2015 16:00:00 -0600

Startup opportunities based on Internet culture and trends are boundless. What are you doing about that?

Fri, 27 Nov 2015 15:00:00 -0600

Here are six tips to transition into a new role -- and a new life -- after you've handed over the reins of the business you started.

Fri, 27 Nov 2015 14:30:00 -0600

Running a successful startup means more rainy days than bright, clear skies. Here's how to not end up all wet.

Fri, 27 Nov 2015 14:05:00 -0600

The event gives consumers exclusive savings while also offering them a way to donate to charities of their choosing.

Fri, 27 Nov 2015 13:30:00 -0600

When entrepreneurs are successful at one thing, they inevitably assume they can replicate that success again and again … until they can't.

Fri, 27 Nov 2015 13:00:00 -0600

With diligent attention to the tricks of the online business trade, smaller businesses can climb to that coveted first spot on the search page.

Fri, 27 Nov 2015 12:00:00 -0600

Don't neglect the opportunity you have to create the network you need with the people who are already sitting at your table.

Thu, 26 Nov 2015 18:30:00 -0600

While creating content can be a challenge in itself, it's often what you do with the content after it's been published that determines its effectiveness.

Thu, 26 Nov 2015 18:00:00 -0600

This chart will give you the details you need.

Thu, 26 Nov 2015 17:30:00 -0600

Not only is supporting a cause good for the soul, but it's good for business, as long as companies channel their marketing efforts to reflect their emphasis on social responsibility.

Thu, 26 Nov 2015 16:30:00 -0600

Here is how break down your vision into small steps that will lead to success.

Sat, 28 Nov 2015 05:55:00 -0600

The lines between between industries as well as non-tech and tech companies continue to get blurrier and blurrier. With the ubiquity of cloud and big data, with the Internet of Things (IoT) becoming a hot commodity interwoven through it all, M&A activity has been buzzing nonstop. Companies with digital disruption [...]

Sat, 28 Nov 2015 00:28:00 -0600

Tthis week’s Android Circuit includes the return of microSD to Samsung's 2017 devices, Huawei challenges the current phablets, Apple's marketing dominance over Android, OnePlus addresses USB-C issues, a new Android flip phone, Xiaomi's new tablet and phablet devices, highlights from Google's Android Dev summit, and a tablet with an eighteen-inch screen.

Fri, 27 Nov 2015 23:03:00 -0600

Apple's iPad Pro is starting to triumph over more traditional laptops.

Fri, 27 Nov 2015 17:46:00 -0600

It’s young India that’s taking up the baton when it comes to new ideas and entrepreneurial startups, so why not create a network for those aged 25 and below, who want to be taken a little more seriously? That’s exactly what two enterprising youth did when they created a business from the Under 25 Club they began as college students.

Fri, 27 Nov 2015 14:41:00 -0600

People power every business but it's easy to lose sight of the human side of running a department or an organization. Liz Ryan provides a reminder of where a leader's priorities should lie!

Thu, 26 Nov 2015 18:13:00 -0600

Entrepreneurship is an amazing journey, full of the highest of highs and the lowest of lows. It’s such a rapid-fire experience that sometimes it’s easy to lose sight of the big picture. There is so much value to be found in the totality of the experience, and it’s important for entrepreneurs to stop and take a moment to be thankful. On this Thanksgiving, I’d like to take a moment and share the things that I’m grateful for and thank the people who have made it possible.

Thu, 26 Nov 2015 17:08:00 -0600

Apple has the cash to spend $4 billion on NFL Thursday Night Football rights. And, unlike broadcast and cable, they'd made more than $14 billion in profits from doing so.

Wed, 25 Nov 2015 13:48:00 -0600

Passports are no longer just for international travel. You may need them on domestic flights too. So if the IRS takes yours until you pay your taxes, how will you get around?

Wed, 25 Nov 2015 11:08:00 -0600

By shooting down a Russian plane Turkey has declared itself to be an ally of the Islamic State rather than the West. Washington should drop its dangerous frenemy in Ankara.

Tue, 24 Nov 2015 18:13:00 -0600

If a calendar is a reflection of our priorities as leaders, we should include the 5 essential activities that keep true leadership at the forefront. Make time for all 5 – at least once a month, if not weekly.

Mon, 23 Nov 2015 17:00:00 -0600

College athletics is big business. In 2014, college football revenues alone topped $3.4 billion. Combine that with basketball and other sports, and college athletics will generate well over $6 billion in revenues this year. Even at Division II and III schools where sports generate little if any revenue, athletics are [...]

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 23671 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.