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Results found for "consumption tax"


In 2013, the new General Assembly held the sales tax at 4.75%, while expanding the base. Consumption-based taxes like the sales tax are more stable and less economically destructive than income taxes which discourage savings and investment.
In 2013, the new General Assembly held the sales tax at 4.75%, while expanding the base. Consumption-based taxes like the sales tax are more stable and less economically destructive than income taxes which discourage savings and investment.
 
Last week I discussed and endorsed the idea that, instead of trying to create a consumption tax by abolishing the income tax and reforming the sales tax, North Carolina should instead use the existing apparatus of the income tax to accomplish that same goal.
Last week I discussed and endorsed the idea that, instead of trying to create a consumption tax by abolishing the income tax and reforming the sales tax, North Carolina should instead use the existing apparatus of the income tax to accomplish that same goal.
 
Over the last few years, ever since the tax reform of 2013 took hold in North Carolina, there has been a steady push to expand the sales tax to services in an attempt to make it a more pure consumption tax.
Over the last few years, ever since the tax reform of 2013 took hold in North Carolina, there has been a steady push to expand the sales tax to services in an attempt to make it a more pure consumption tax.
 
Over the last few years, ever since the tax reform of 2013 took hold in North Carolina, there has been a steady push to expand the sales tax to services in an attempt to make it a more pure consumption tax
Over the last few years, ever since the tax reform of 2013 took hold in North Carolina, there has been a steady push to expand the sales tax to services in an attempt to make it a more pure consumption tax
 
It's doubtful that any of the participants in a recent legislative debate meant to offer a free advertisement for the John Locke Foundation's proposed Unlimited Savings Allowance, or USA, Consumption Tax.
It's doubtful that any of the participants in a recent legislative debate meant to offer a free advertisement for the John Locke Foundation's proposed Unlimited Savings Allowance, or USA, Consumption Tax.
 
Politicians in Raleigh and DC, aided and abetted by our oft-clueless media, are railing about how the only way to fix our economic mess is to get the 'guv-mint' MO' revenue.
Politicians in Raleigh and DC, aided and abetted by our oft-clueless media, are railing about how the only way to fix our economic mess is to get the 'guv-mint' MO' revenue.
 
North Carolina's tax on retail sales needs reforming. At the present time, there exists a hodgepodge of taxes on consumption and sales that show very little consistency or forethought.
North Carolina's tax on retail sales needs reforming. At the present time, there exists a hodgepodge of taxes on consumption and sales that show very little consistency or forethought.
 

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