The North Carolina State Controller recently released its monthly General Fund report for September. The report marks the first quarter of the current fiscal year that started July ... Keep Reading
income taxes
On the Never-Ending Obsession for More and Higher Taxes
House Democrats and some presidential candidates are currently engaging in some kind of wild competition on who can call for the highest marginal tax rates. This from a story ... Keep Reading
Why the Lower Tax Cap Amendment is Good for North Carolina
In a newly released Civitas poll, 66 percent of North Carolinians support a constitutional amendment to cap the state income tax rate at 5.5 percent, compared to only 13 percent ... Keep Reading
Myths About the Tax Cap Amendment
A bill that would change the state constitution to lower the cap on the income tax rate is scheduled for consideration by the House Rules committee today. Senate Bill 75, which was ... Keep Reading
Lowest-Income Households Pay Smaller Share of State Income Taxes After Reforms
In spite of the critics’ claims, the wealthiest North Carolinians shouldered a larger share of the state income tax liability following the 2013 tax reforms The lowest-income ... Keep Reading
NC’s Economy Continues Its Hot Streak
North Carolina's economy has experienced ten consecutive quarters of per capita income growth equal to or greater than the national average, the best stretch in 20 years Even ... Keep Reading
More Tax Changes Coming?
Two bills were filed this week, both sponsored by outgoing Senator Bob Rucho, that would alter NC's personal income tax schedule. Senate Bill 817 would submit for voter approval ... Keep Reading
The Real Truth on Tax Hikes: Liberals Imposed Massive Tax Hikes for Decades, Conservatives Are Cutting Taxes at Historical Rates
Radical leftists are manufacturing fake concern over the tax burden facing some North Carolinians This is laughable given the fact that taxes have been significantly cut over the ... Keep Reading
Were the State Bond and Corporate Welfare Bill Bargaining Chips for Income Tax Cut?
There has been much written about the tax changes included in this year's final budget bill. Most notable among the changes were a decrease in the personal and corporate income tax ... Keep Reading
Senate Introduces New Version of Tax Reform
Today the Senate Finance Committee took another crack at their tax reform effort, approving a new version of tax reform legislation. Notable elements of the new plan ... Keep Reading
