Archive for the ‘Texas’ Category

Another Survey, Another “F” for California

Thursday, May 10th, 2012

While Governor Brown and others in the Bronze Golden State continue to debate how to increase taxes, perhaps they’ll look at yet another survey which shows that California is at the bottom for business (among US states). With thanks to the TaxProfBlog for noting this,, in partnership with the Ewing Marion Kauffman Foundation released a survey of small business owners of which states were the best for business.

Receiving “A+” grades were Idaho, Oklahoma, Texas, and Utah; receiving “F” grades were California, Hawaii, Rhode Island, and Vermont. The three worst performing cities were all in California: Los Angeles, Sacramento, and San Diego. The top three cities were Oklahoma City, Dallas/Fort Worth, and San Antonio. Nevada received a “B+” while Maryland received a “C-“. Las Vegas ranked 10th of the 40 cities surveyed.

The interactive map is available here while the full survey can be found here. A press release on the results is also available.

Texas #1, California #50 in Business Location Survey

Thursday, May 3rd, 2012

Another week, another survey of which state is best for business. For the eighth straight year, Chief Executive magazine ranked Texas as the best state in the union as to where to conduct business. Unsurprisingly, California is at the bottom. My state, Nevada, is at #12; Aaron’s home of Maryland is #40. Here are the top ten and bottom ten states:

1. Texas
2. Florida
3. North Carolina
4. Tennessee
5. Indiana
6. Virginia
7. South Carolina
8. Georgia
9. Utah
10. Arizona

41. Hawaii
42. Oregon
43. Pennsylvania
44. Connecticut
45. New Jersey
46. Michigan
47. Massachusetts
48. Illinois
49. New York
50. California

The two states that made the biggest moves were Oregon and Louisiana. Oregon fell nine spots in the ranking, likely due to their income tax increase that passed last year. On the other end of the spectrum is Louisiana, which was ranked 47th in 2006 but is now ranked 13th (up 27 spots from 2011).

Meanwhile, Chief Executive describes California as having slipped deeper into the ninth circle of business hell. Perhaps this section of the report will enlighten Sacramento:

The following is a representative sample of comments from participating CEOs:

  • California is the worst! They are doing everything possible to drive a business out of their state. If it were not for the climate, they would have lost half their population.
  • California regulations, taxes and costs will leave only tech, life sciences and entertainment as viable. If you aren’t an elitist, no room here for the middle or working classes.
  • California treats business owners like criminals. California has different overtime policies for its own employees vs. private sector.
  • California’s labor regulation is a job killer. We will be moving our business out of the state, which will lose hundreds of jobs simply due to the poor regulatory environment.
  • California should secede from the union—it is like doing business in a foreign country, it has its own exchange rate, and its regulation is crazy.

Meanwhile, the budget deficit in California grows (the Legislative Analyst says it’s at $3 billion and will grow from that number). Perhaps the idea of cutting regulations and spending just what the state takes in might garner some support in Sacramento. Well, one can always dream….

When Buying a Business in Texas…

Wednesday, March 14th, 2012

…ask for the Certificate of No Tax Due from the Texas Comptroller of Public Accounts. Alan Sherman of the Texas State & Local Tax Law Blog explains why.

California Leads the Way: Worst State for Business

Wednesday, September 21st, 2011

Another survey, another “winner” for California. Every three years Development Counsellors International publishes a survey: A View from Corporate America: Winning Strategies in Economic Development Marketing. Among the many results in the survey are the five best and worst states for business.

Here are the five best states for businesses:

1. Texas
2. North Carolina
3. South Carolina
4. Tennessee
5. Florida

And here are the five worst states for businesses:

50. California
49. New York
48. Illinois
47. New Jersey
46. Michigan

This survey shouldn’t shock anyone. The five worst states are known for high taxes, high regulations, and a miserable business climate. Meanwhile, the five best states are known for low taxes, low regulations, and a favorable business climate. Shocking, no?

Knocked Out From New York

Wednesday, November 18th, 2009

I’m not a boxing fan. For those of you who are, you’ll recognize Manny Pacquiao and Floyd Mayweather Jr. as big names in the sport. Those two boxers will fight in the Spring of 2010.

Newsday asked boxing promoter Bob Arum if Yankee Stadium was being looked at for the fight. “No chance,” Arum told Newsday. “Nothing would please me more than to have it at Yankee Stadium, but the way the tax structure in New York is set up, it’s impossible.”

Taxes matter. Apparently the prime candidate for the match is the new Cowboys Stadium in Arlington, Texas. Texas, of course, doesn’t have a state income tax.

California, Nevada, and Texas

Wednesday, August 26th, 2009

A California State Assemblyman is upset with the ads that the Nevada Development Corporation is running. California is golden, and Nevada is silver. Why would any business leave? Here’s Assemblyman Jose Solorio’s (D-Anaheim) response:

Before I comment on that, there’s also a great op-ed piece in the Dallas News about the difference between California and Texas. One state is gaining business and one is, well, issuing IOUs. Hint: California isn’t the golden state in comparison to Texas.

As for Assemblyman Solorio, he may want to watch these two short spots.

It’s one thing to say, “California is great.” Can Assemblyman Solorio deny that it costs far more for a business to operate in the Golden State than it does in the Silver State? Unfortunately, everything in the Nevada Development Authority’s advertisements is true.

No Pole Tax in Texas

Tuesday, April 1st, 2008

I’m not talking about a poll tax, but a pole tax as in strip clubs. Travis County (Texas) Judge Scott Jenkins ruled that the $5 admissions tax to Texas strip clubs was unconstitutional as a violation of freedom of expression under the First Amendment.

The sponsor of the legislation, State Representative Ellen Cohen (D-Houston) plans on reviving this “cutting-edge legislation.” As Joe Kristan noted on Roth Tax Updates given that the goal of this program was to tax an enterprise with a higher ratio of women who work in it, I’m sure that Rep. Cohen will look to add additional taxes to nursing, day care, teachers, and manicurists. Yeah, right….

Dallas City Hall Scandal Features Tax Evasion

Monday, October 1st, 2007

A 166-page indictment was unsealed today in Dallas charging 16 individuals with bribery, receiving kickbacks, and tax evasion. The individuals, including State Representative Terri Hodge (D-Dallas), former Mayor Pro-Tem Donald Hill, and others face long terms at ClubFed if convicted on all counts.

The investigation, according to this report in the Dallas Morning-News, began 27 months ago when Mr. Hill’s then City Hall office was raided by federal agents. US Attorney Richard Roper described the scheme as a “complex bribery and extortion scheme.”

Mr. Hill told the Morning-News that he, and the others, are innocent. “We’re not guilt of any of the things alleged here…We’re just going to prepare for the fight.”

The tax charges are listed in counts . Mr. Hill is accused of not timely filing tax returns from 2001-2004, and failing to file in 2005 & 2006. His evasion allegedly totals over $200,000. Darren Reagan is accused of evading over $100,000 in taxes. (The more serious charges are the bribery, extortion, and fraud charges.)

All-in-all, the Dallas political scene received a jolt today. It will be interesting to see what comes of this.