|    Register
   
Sunday, March 21, 2010
www.CHALDEAN.org the Official Chaldean Community Website
Latest News & Information

Current Articles | Archives | Search

Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: 6036 Views
:: 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. 

 
Syndicate  
Community Events & Annoucements

Announce your event, activity, or meeting by e-mailing info@chaldean.org




Chaldean Words of Wisdom
Be like the flower that perfumes the very hand that crushes it.

www.CHALDEAN.org Factoids
Word of the Day

 

Article of the Day

 

This Day in History

 

Today's Birthday

 

In the News

 

Quote of the Day

 

Community Classifieds

Target the Chaldean Community with your classified annoucement.  E-mail info@chaldean.org 


 BUSINESSES for SALE
Registered users can E-mail info@chaldean.org for business prospectus details.  Please include Site username when e-mailing for access to all busines information.  If you are interested in selling a business please e-mail Info@chaldean.org your business information.  www.CHALDEAN.org has helped the community buy or sell over $2.3 MILLION in businesses! 

Operating AAMCO Autio Repair:: Troy, MI / $149,000   
Proven Full Service Auto Center for Sale in Troy, Michigan. Established location provides you with instant cash flow. Excellent home-office and in-field training with strong support system allows for a non-mechanical background. Convenient hours of operation, no nights and limited weekends! Huge potential for success! Strong industry trends are driving the business!

Cookie Bouquet Bakery :: Brighton, MI / $19,500
This franchise business offers delicious cookie gifts of designer cookie bouquets and gourmet goodies for any occasion. Edible custom cookie arrangements, birthday gift baskets, cookie cakes and cookie bouquets are baked on site. Business offers delivery service. Business was established in Jan 2004, is run by the seller and two part time employees. Equipment is in excellent condition and is owned free and clear. Franchise royalties are 5%, advertising fee is 1.5%. 2 week required training in Dallas, TX.

Citgo Gas Station & C- Store Business :: Troy, MI / $40,000
Great opportunity to own a Business. 30K merchandise sales per month. 45K-50K Gallons gasoline sales per month Owner operator needed. Lots of potential. Please do not disturb employees. Only business for sale. Asking Price: 40K for business only(includung Equipment). You need to put 25K deposit at the Jober for Gasoline load. Real Estate is not for sale Lease per month $4000 until May 2010 and after that $5100 per Month until May 2011.

Cottage Inn Pizza :: Michigan (Oakland County) / $89,000
This is a great opportunity to own a nice established pizza franchise in a great location on a highly traveled road. Gross sales are $238, 088 with plenty of room to grow. All equipment is in very good condition. Full menu consists of pizza, subs, lasagna, salads and more. Pick-up and delivery only. Transfer and training fee is $10,000. Royalties are 5% and advertising is 1.5%. Training is 3 weeks locally. Seller will entertain all reasonable offers.

Dry Cleaning Plant :: Royal Oak, MI / $140,000
This is a great opportunity to own a beautiful spacious full Dry Cleaning Plant in Oakland County. Great location! All the equipment is in excellent condition. Also included are 2 shirt pressing units( Ajax Double Buck and SanKosha). Separate storage room is ideal for route service, storage or fire restoration. Currently owner does no advertising. Some creative advertising/marketing and you have HUGE potential! This cleaner does not disappoint. A Must See! Seller will entertain all reasonable offers! Make An Offer, Any Offer!

Coney Island in Office Buildling :: Southfield, MI / $125,000
This is a great opportunity to own a beautiful coney island restaurant in a very nice office building. Only 8 years old, all equipment is in like new condition. Seating is available indoors and outdoors. Also has separate entrance from outside. Permitted use is for a coney island restaurant as well as sundries. Currently being run absentee owner. Perfect for owner operator or husband/wife team. Hours of operation are until 6pm. Don?t let this great opportunity pass by. Huge potential. Seller will entertain all reasonable offers.

Dry Cleaner :: Livonia, MI / $40,000
Bargain priced dry cleaner with good equipment: 10yr old dry cleaning machine 40lb, older 3 presses, newer washer & dryer etc. Sales is down but great for someone who needs a dry cleaning plant. Rent 1700/m is very much negotiable. 2200sf.

Coffee Shop/Cafe :: elleville, MI  / $90,000
Coffee Shop/Caf in Belleville area only 18 months old with $150,000 of new improvements, fixtures, fittings and equipment. Current owner is unable to devote enough time needed to market and grow business.  Currently operating as an independent store serving coffee, sandwiches and baked goods. Please see www.youtube.com/watch?v=VrYZ6uJzuyU for a video tour of the premises.
Price Includes: Nuova Simonelli Aurelia 2 gp. expresso machine, BUNN coffee brewer and grinder, Structural Concepts merchandiser/bakery case, 2 barboss blenders, TRUE fridges and freezer, TRUE refrigerated sandwich prep table, furniture, couches, security system, ice machine, POS system, flat screen TV, sound system, panini grill, toaster, microwave, custom cabinetry, all fixtures and fittings and much more : $90,000 Price Negotiable. All reasonable offers welcome.

Facilities: 1400 Square feet in a recently built strip mall. 3 year lease expires April 2011. 2 additional 3 year options. Great parking and easy access.

Coney Island and Family Restaurant :: Livonia, MI  / $90,000
This is an excellent opportunity to own a Coney Island in the city of Livonia. Owner and his wife work in the business part time. More involvement by owner and expanded menu with special items should greatly increase sales. Must see this Coney Island!

GNC Health Retail franchize! :: Michigan (Oakland County) / $75,000
Save a $100,000 or make a $100,000! GNC sold this store about a year ago for $175,000 owner need to sell! Just about to break even witch is right on track for projection! We have an invertor that will invest $10,000 of the asking price! You would only have to come up with $60,000 plus inventory! This store is Clean and everything is BRAND NEW!

Party Store :: East Point, MI / $49,000
Looking for a convenience store? Look no more. Because this is the one. the price is right, great neighborhood, w/high traffic in a strip center, lots of parking, owner is motivated to sell. rent is $1500/mnth gross, doing $8.000-$9,000 in the lottery a week. Store gross $22k a month avg. store has check cashing, ATM, MOney orders, phone card machine & bill payment machine. Only needs a hard worker to make more money.  E-Mail info@chaldean.org or stop by and visit with Faris.

Middle Eastern Restaurant :: Farmington Hills, MI / Price Reduced to $75,000
PRICE REDUCTION This is a great opportunity to own a beautiful middle eastern restaurant in West Bloomfield. Located on a high traveled road, this restaurant is immaculate with all equipment in great condition. Only 5 years old, this business has so much potential and room to grow. Food is excellent. Current owner is a full time pharmacist and can not devote much time to the restaurant. New owner should advertise/market and promote catering to take business to the next level. This is a must see/must have business. Huge potential. Seller will entertain all offers.

Top News and Information

Clinton in Moscow to discuss Mid East Peace
U.S. Secretary of State Hillary Clinton is meeting in Moscow to further discuss peace efforts in the Middle East. ...

Mosul, Iraq: Another Targeted Execution of an Iraqi Christian
Sabah Yacoub Adam, 55, a married Chaldean Catholic and father of a child, was killed in cold blood.

U.S. calls on Israel to re-engage in peace process
U.S. envoy to the Middle East, George Mitchell will be paying a visit to Israel this week. He's asking ...

Criticism mounts over proposed Israeli project
A top presidential adviser called it an "insult" and "destructive" of the ...

Internet increasingly used as terrorist tool
The click of a keypad, the touch of a mouse  -- terrorists are turning increasingly to the Internet ...

Sanctions against Iran intensify
Royal Dutch Shell has announced that it is no longer selling oil to Iran. The Netherlands-based oil giant is ...

U.S. vice president criticizes Israel
In his visit with Palestinian President Mahmoud Abbas, U.S. Vice President Joe Biden reiterated his condemnation ...

Obama: water for votes and other atrocities
(Sher Zieve) - Obama has now joined the likes of all other despots who have ever walked and practiced their tyrannies upon planet Earth. Tyrants like Saddam Hussein, Josef Stalin, Pol Pot, Robert Mugabe, Kim Jong-il and Fidel Castro are now unequivocally united with the US Usurper and Dictator-in-Chief Barack Hussein Obama in their complete and total subjugation of their countries peoples...

Talk of impeachment
(Alan Caruba) - "Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience." -- C. S. Lewis (1898--1963)...

Life must not die Sunday due to futurecide Obamacare vote
(Kevin Fobbs) - How unique is it that only in Washington D.C. that God's Day of rest is being used to put Life to death by the millions with a vote on Obamacare. There are words that can be used like "what's wrong with these people?" Yet for the 50 million babies who had their life extinguished by Roe V. Wade is was genocide. For the possible 50-plus million more who may fall victim to the Obamacare vote, the vote can only be defined as planned Futurecide...

ObamaCare: an urgent message to our Catholic readers
(Daniel Cassidy) - "You are the salt of the earth. But if the salt lose its savour, wherewith shall it be salted? It is good for nothing any more but to be cast out, and to be trodden on by men." (Matthew 5:13)...

Abortion-tainted health care bill: The die is cast?; 'Heroic Media' campaign; 'Biking for Babies'
(Matt C. Abbott) - Well, ladies and gentlemen, we'll soon know if we'll have publicly-funded abortions here in the U.S. I wish I was an optimist, but, alas, I'm not. If there's any consolation in all of this, it's that there has indeed been a concerted effort on the part of many in the pro-life arena to fight the Obama regime's insidious promotion of abortion...

Please don't take my health care away
(Madeline Crabb) - This weekend, 435 politicians will decide the future of our health insurance system. More importantly, the future of our liberties, freedom, and our constitutional republic are at risk. A majority of Americans understand the importance of the vote about to be taken in the U.S. House of Representatives...

The economics of abortion
(Ken Connor) - "We are bound by an inescapable garment of mutuality: Whatever affects one directly, affects all indirectly." -- Dr. Martin Luther King, Jr., Letter from the Birmingham Jail, 1962...

The nothing-thumpers
(Dan Popp) - By the pricking of my thumbs Something wicked this way comes. -- Shakespeare (Macbeth) I saw something disturbing today. It's a short video designed for the web. It uses no spoken language, just graphics and pulsating music. You can take a look at it here if you like -- but you probably won't have the same reaction I did...

Census is for counting, not prying
(Chuck Baldwin) - The constitutional requirement for the Census is found in Article. I. Section. 2. Paragraph. 3. "The actual Enumeration shall be made within three Years after the first Meeting of the Congress of the United States, and within every subsequent Term of ten Years, in such Manner as they shall by Law direct"...

USA only a few days away from totalitarianism
(Sher Zieve) - Knowing full well that ObamaCare will not only gut Medicare (by $500 Billion or more), create over 150 new agencies designed to control the citizens of the USA (most of which have nothing to do with health), will begin taxing We-the-People immediately upon its being signed into law but will NOT begin serving anyone for years corrupt, bribed and/or intimidated Democrat leaders -- as was to be expected -- folded one by one into the Obama web of deception...

Measuring the fall of US economic freedom
(Kevin Price) - Since 1995 the Heritage Foundation and the Wall Street Journal have monitored the economic freedoms of countries around the world and have published their results in the 2010 Index of Economic Freedom. Ideas like "economic freedom" are a little subjective, but I like the stated view of the publication...

White House pushing amnesty and national ID cards
(Jim Kouri) - President Barack Obama is already planning his next sweeping change for American society after he gets his Obamacare passed in both houses of Congress: fulfillment of his campaign promise to revamp U.S. immigration policy as part of his fundamental transformation of the United States...

Statement of Fr. Frank Pavone on Passing of Fr. Paul Marx. OSB
Fr. Marx was, first and foremost, a priest who was not afraid to be a prophet.

Pelosi Misleads and Deceives: St. Joseph Would Not Approve
Once again, Nancy Pelosi gets it wrong and brings more scandal to the Church in America. 

Anaheim to be Hoodwinked, in a nice way
Anaheim, California, known primarily as the setting for Disneyland's Magic Kingdom is about to be ...

Biker gangs terrorize Californian county
Authorities in Riverside County are searching for members of the Vagos biker gang, who allegedly left booby traps ...

They Do Not Speak for Me: These Catholic Sisters say 'No' to Health Care Bill
'The Bishops´ position is the authentic teaching of the Catholic Church.'

Google eyes TV market
Google is working with Intel and Sony to enter the TV business. According to the New York Times, Google is ...

Neither Do I Condemn You: Mercy and Reconciliation
Holy Week is ready to begin.  Let us remember the importance of the Sacrament of Confession, through ...
News Feed Is Not Available At This Time. Error message:Reference to undeclared entity 'acute'. Line 36, position 76.

Support Your Community
Print  
www.CHALDEAN.org Copyright 2004 - 2008, All Rights Reserved.     |    Privacy Statement    |    Terms Of Use