The eye-popping potential top marginal tax rates on taxpayers under Joe Biden’s tax plan in states like New York recently made national headlines. Indeed, an analysis by the Tax ... Keep Reading
taxes
Ten Tax Hikes That Slammed Middle Class Families – Courtesy of NC Democrats
North Carolina progressive liberal groups and politicians have for years criticized the past decade of conservative tax cuts as being only “for big corporations and the ... Keep Reading
New study shows the corporate tax’s harm to consumers
An academic paper released this week by the Cato Institute examines the impact of state corporate taxes on retail prices. The findings? We find an elasticity of retail price to ... Keep Reading
North Carolina’s transition to a low-tax state
Under Democratic leadership, North Carolina imposed higher tax rates than its neighbors Today, we compete with our neighbors for having the lowest rates North Carolina used ... Keep Reading
Three reasons why NC should eliminate its corporate income tax
At 2.5 percent, North Carolina has the lowest corporate tax rate of any state, among states that impose one. It not only produces a tiny fraction of state revenue but represents ... Keep Reading
Shameful: Gene Nichol politicizes coronavirus with a false narrative
Hundreds of thousands of North Carolinians find themselves out of work due to the forced government shutdown of the economy Gene Nichol exploits this hardship by slinging false ... Keep Reading
How NC went from one of the worst tax climates to one of the best
As the traditional Tax Day of April 15 approaches, it seems appropriate to reflect on the major victories won by taxpayers over the past decade in North Carolina. Thanks to the ... Keep Reading
Latest budget report reflects NC’s healthy economy
The latest General Fund monthly report produced by the Office of the State Controller reveals data reflecting a healthy and growing state economy. Totaling state revenues for ... Keep Reading
Fact-checking the “low-income people pay more state taxes in NC than rich people” narrative
Over at PoliticsNC.com, former political consultant Thomas Mills re-runs the old trope about how low-income North Carolinians pay a higher share of their income in taxes relative ... Keep Reading
Celebrate 2020 with (another) state tax cut
Beginning Jan. 1, 2020, North Carolina taxpayers will receive another bit of relief. Continuing a multi-year trend of lowering the tax burden on working North Carolinians, a ... Keep Reading
