Recently, the N&O published an editorial opposing the measure to lower the state's constitutional cap on income taxes from the current 10% to 7%. There is much to criticize, ... Keep Reading
sales tax
Will Sales Tax Money Stay in Wake County?
On the November ballot, Wake County taxpayers will be asked to raise the sales tax to pay for mass transit. But Paul Fitts of the Wake County Taxpayers Association says some of ... Keep Reading
Tax Foundation to NC Legislators: Expand Sales Tax Base, Eliminate Tax on Capital Stock
From the N&O: Legislators heard a call Tuesday to further expand sales taxes and eliminate the capital stock tax – a conservative think tank’s proposal for continuing the ... Keep Reading
Tax Foundation to NC Legislators: Expand Sales Tax Base, Eliminate Tax on Capital Stock
From the N&O: Legislators heard a call Tuesday to further expand sales taxes and eliminate the capital stock tax – a conservative think tank’s proposal for continuing 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
Sales Tax Distribution Proposal Explained
Included in the state budget proposal being voted on this week is a provision to expand the sales tax base and alter how the local portion of the sales tax revenue is distributed ... Keep Reading
Senate Sales Tax Redistribution Plan: Are Rural County Schools Really Under-funded?
As hinted at last week, the Senate yesterday introduced legislation that would alter how sales tax revenue is distributed to counties across the state. At a press conference ... Keep Reading
NC Senate Introduces Plan to “Redistribute” Sales Tax Revenue
A plan is emerging in the Senate to re-work the formula for how sales tax revenue are distributed in NC. Some of the details: Leaders in the state Senate are crafting a plan that ... Keep Reading
Senate Bill Allows Local Sales Tax Hike for Ed Expands Corporate Welfare
In a new "committee substitute" bill introduced by the Senate Finance Committee yesterday, the state would authorize local governments to raise their sales taxes by 1/2 cent to ... Keep Reading
A Brief History of NC’s “Food Tax”
One of the oft-cited criticisms of the NC Senate's tax reform plan is that it would extend the state sales tax to groceries. Observers may be interested, however, in learning more ... Keep Reading
