Despite the wooing of Gov. Bev Perdue and the undoubted promise of hundreds of millions in incentives, Boeing has eliminated North Carolina from consideration on where to build its new manufacturing facility for its 787 aircraft.
South Carolina has made the final two, however.
Apparently, not even a nearly-vacant taxpayer funded airstrip was enough to overcome this. Hmm… then what could Boeing’s reasoning be?
Let’s do a little comparison:
NC – 6.9%
SC – 5.0%
Highest personal income tax rate:
NC – 7.75%
SC – 7.0%
Combined average state and local sales tax rate:
NC – 8.07%
SC – 7.04%
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