Peter Rex’s Post

𝙸-𝙶𝚄𝚈𝙳 𝚂𝚃𝙰𝚃𝙴 𝚂𝙴𝚁𝙸𝙴𝚂: 𝚃𝚎𝚡𝚊𝚜  Texas is the second largest state in the US in terms of size and population. This year, Texas had an estimated population of over 31 million!  In Texas, the city of Austin is emerging as the new Technology hub and is becoming Silicon Valley’s new rival as many businesses are relocating from there to Austin. The tax that businesses are subject to in Texas are extremely low compared to other states, is formally known as “Franchise Tax” and there is no personal income tax. There are many factors to be considered when deciding where to locate and incorporate your business in the US.  If you need help in expanding your business to the US, visit our website today! Or, reach out to our support team who would be more than happy to answer any questions or queries! 📧 support@i-guyd.com 🌐 www.i-guyd.com #USA #Texas #relocating #businessexpansion #usanetwork #business #businessowner 

𝙸-𝙶𝚄𝚈𝙳 𝚂𝚃𝙰𝚃𝙴 𝚂𝙴𝚁𝙸𝙴𝚂: 𝚃𝚎𝚡𝚊𝚜  Texas is the second largest state in the US in terms of size and population. This year, Texas had an estimated population of over 31 million!  In Texas, the city of Austin is emerging as the new Technology hub and is becoming Silicon Valley’s new rival as many businesses are relocating from there to Austin. The tax that businesses are subject to in Texas are extremely low compared to other states, is formally known as “Franchise Tax” and there is no personal income tax. There are many factors to be considered when deciding where to locate and incorporate your business in the US.  If you need help in expanding your business to the US, visit our website today! Or, reach out to our support team who would be more than happy to answer any questions or queries! 📧 support@i-guyd.com 🌐 www.i-guyd.com #USA #Texas #relocating #businessexpansion #usanetwork #business #businessowner 

𝙸-𝙶𝚄𝚈𝙳 𝚂𝚃𝙰𝚃𝙴 𝚂𝙴𝚁𝙸𝙴𝚂: 𝚃𝚎𝚡𝚊𝚜 Texas is the second largest state in the US in terms of size and population. In 2023, Texas had an estimated population of over 31 million! In Texas, the city of Austin is emerging as the new Technology hub and is becoming Silicon Valley’s new rival as many businesses are relocating from there to Austin. The tax that businesses are subject to in Texas are extremely low compared to other states, is formally known as “Franchise Tax” and there is no personal income tax. There are many factors to be considered when deciding where to locate and incorporate your business in the US. If you need help in expanding your business to the US, visit our website today! Or, reach out to our support team who would be more than happy to answer any questions or queries! 📧 support@i-guyd.com 🌐 www.i-guyd.com #USA #Texas #relocating #businessexpansion #usanetwork #business #businessowner

𝙸-𝙶𝚄𝚈𝙳 𝚂𝚃𝙰𝚃𝙴 𝚂𝙴𝚁𝙸𝙴𝚂: 𝚃𝚎𝚡𝚊𝚜 Texas is the second largest state in the US in terms of size and population. In 2023, Texas had an estimated population of over 31 million! In Texas, the city of Austin is emerging as the new Technology hub and is becoming Silicon Valley’s new rival as many businesses are relocating from there to Austin. The tax that businesses are subject to in Texas are extremely low compared to other states, is formally known as “Franchise Tax” and there is no personal income tax. There are many factors to be considered when deciding where to locate and incorporate your business in the US. If you need help in expanding your business to the US, visit our website today! Or, reach out to our support team who would be more than happy to answer any questions or queries! 📧 support@i-guyd.com 🌐 www.i-guyd.com #USA #Texas #relocating #businessexpansion #usanetwork #business #businessowner

While Texas is a proven great place for business, this article clearly shows some areas for improvement, such as tax structure, workforce development for existing residents/workers and perhaps some short sightedness in evaluating incentive policies by some communities. Communities cannot control all market factors and must acknowledge that they may be a good fit for some, but not all industries/companies. Incentives should be performance based, and monitored for compliance. If a company doesn’t perform, as with all contracts, corrective measures or penalties should maintain a professional relationship.

Being honest with your taxes is the most important thing to grow in business/career/life. Charlie munger’s wisdom is the best thing to listen to. It’s absurd and stupid to evade taxes. The question if the tax money is spent appropriately by the respective Governments across the world is a different story and we should not use that as an excuse to be dishonest with taxes. #startups #career

Businesses benefit when we pass smart policies to encourage entrepreneurship - especially those that support small business owners. Small businesses are the backbone of our communities, they account for 2/3 of the new jobs being created each year, and are major drivers of economic growth in the United States. They all deserve our full support. The State of California's decision to implement a gas tax increase effective July 1 will harm small businesses, and families… The increase will raise the gas tax by an additional 2 cents per gallon, bringing the total tax burden to 59.6 cents per gallon. Taxation without accountability and wisdom will lead to the demise of small businesses and stifle economic growth of the United States.

The 'Big Read' in the FT this morning is on the big state of Texas, which is now over 30 million in population and world's 8th largest economy. As a neighbor and former resident with half my family from Texas--other half including me born in CA, I'll fill in some blanks here. First of all, there are no economic miracles. When the word miracle is used to describe an economy, it's usually conflicted stock traders or investors describing a debt bubble like China, but that's not the case with Texas. The economic success in Texas is mostly just good old-fashioned competitive strategy that exploits the weaknesses of others--mostly California. There is nothing miraculous about preventing NIMBY politics, high taxes, fiscal malfeasance and extreme social activism from damaging a state's economy. CA has made it easy to exploit its weaknesses, and TX isn't alone in doing so. AZ has long experienced business relocation from CA, as has NV and others. Other advantages in TX for corporate relocations include much greater affordability than CA or NYC. When F500 companies move their HQ to TX or another lower cost state, it's like providing a big raise for all of the employees who move. Combined with very high taxes in CA and assuming an employee buys a similar home, lower costs equate to something like a 25% increase in net income on ave. The corporation also experiences substantial savings. Not having your kids indoctrinated by state schools into extreme cult-like belief systems is included -- free of charge. In addition, although not all corporations pursue incentives, TX has very aggressive relocation incentives, including cash. However, it has one major flaw that will damage TX over time -- incentives are designed for mature companies. As an example of how this plays out over time, despite many large high profile relocations over the past decade when TX had more F500 HQs than any other state, CA has overtaken TX again with 57 F500 HQs. TX and NY are tied with 52. That's due to CA targeting younger fast growing companies while TX targets older, slower growing companies. TX has a surprisingly weak offering for tech startups -- especially lean companies that are less risk. Switzerland also targets mature corporations and similarly has struggled to compete in attracting and keeping top tier younger companies. Some may remember that I pointed out this weakness several years ago when we looked at relocation incentives. Another weakness in TX is infrastructure--particularly energy, which is ironic given the massive energy industry footprint in TX. That's due almost entirely to governance (TX is the leader in wind energy now as well as O&G). So no, TX isn't a miracle. It's just a large state that learned some tough lessons in the boom/bust oil business and took logical steps to diversify (something NM has failed to do), but every state has challenges.

Considering a change of scenery? Explore the benefits of relocating to a tax-friendly state! As a recruiter, I know the importance of maximizing your earnings. That's why I'm sharing this: certain states offer lower tax burdens, meaning more money in your pocket. It's a smart move for your career and your finances! Let's talk about your options and find the perfect tax-friendly state for you. Reach out today! #TaxFriendlyStates #CareerGrowth #FinancialFreedom #RecruitmentExpertise

If you look at the 8,700 Qualified Opportunity Zones in the United States, you will find that they overlap areas that are targeted HUBZones, New Markets Tax Credits Qualified Census Tracts, Enterprise Zones, Trade Zones and Commercial TIF Targets. This can be translated into "Great Land Deals for Creative Entrepreneurs." Please read the attached CapZone article.