This week, the House will likely consider Senate Bill 75, a constitutional amendment to lower the state’s income tax rate cap to 5.5 percent. North Carolina’s constitution already ... Keep Reading
state taxes
New Study Shows ‘Free’ Federal Funds Actually Quite Expensive
There’s no such thing as a “free” lunch. Similarly, funds from the Federal government are not “free” either. Strings attached such as matching requirements and maintenance of ... Keep Reading
Senate Rolls out Tax Cut Plan
The NC Senate yesterday afternoon introduced a measure to cut income taxes while modestly expanding the sales tax base. On net the changes would result in a $1.9 billion tax cut ... Keep Reading
The Big Mo: Raleigh Area’s Success Offers Lessons
A new survey suggesting the future looks bright for the greater Raleigh area has important lessons for the whole state. The website newgeography.org recently published a study ... Keep Reading
What We Can Learn From Tax Migration and the Volunteer State
It’s no great revelation that tax codes drive economic behaviors. Taxpayers respond to financial incentives and disincentives created by their surroundings. One way in which taxes ... Keep Reading
New Senate Tax Plan Released; Eliminates Corporate Tax, Does Not Broadly Expand Sales Tax
Late yesterday afternoon, the Senate Finance Committee released their legislative response the House's approved tax reform plan. The Char-O has a rundown and reaction here. The ... Keep Reading
State House Offers Corporate Tax Relief That Differs From Senate Plan
A week ago, I outlined the most significant pieces of tax reform legislation coming from the state Senate. The pattern from the Senate appears to be to introduce "placeholder" ... Keep Reading
New Legislation Provides More Tax Reform Details
Two more bills filed yesterday help to inform us where tax reform may be headed in North Carolina. The Wilmington Star-News has a summary: The legislation filed Tuesday would ... Keep Reading
High, Progressive State Income Taxes Chasing Job Creators Away
A couple of items published in the last few days provide still more evidence that high income taxes hurt state economic growth. This article from the New York Post includes ... Keep Reading
Civitas, Laffer Center: High Income Taxes Hobble States
Oct. 15, 2012 FOR IMMEDIATE RELEASE CONTACT: Brian Balfour (919) 834-2099 Brian.Balfour@nccivitas.org Laffer, Moore co-author report that illustrates how no-income tax states ... Keep Reading
