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27 Results found for flat income tax

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Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered structure to a flat, simple rate.
Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered structure to a flat, simple rate.
 
North Carolina places 10th in the nation for its tax environment, according to new rankings from the Washington, D.C.-based Tax Foundation.
North Carolina places 10th in the nation for its tax environment, according to new rankings from the Washington, D.C.-based Tax Foundation.
 
With a 4-3 party-line vote, Democrats on the N.C. Supreme Court agreed that two voter-approved state constitutional amendments could be thrown out. They have sent the case back to a trial judge to make that decision.
With a 4-3 party-line vote, Democrats on the N.C. Supreme Court agreed that two voter-approved state constitutional amendments could be thrown out. They have sent the case back to a trial judge to make that decision.
 
In conversations about record inflation, most people harken back to the Jimmy Carter era where annual price inflation growth surpassed 10%.
In conversations about record inflation, most people harken back to the Jimmy Carter era where annual price inflation growth surpassed 10%.
 
A pay-as-you-go approach to capital projects sets the Senate apart from Democratic Gov. Roy Cooper, whose budget plan called for a $4.7 billion statewide bond package.
A pay-as-you-go approach to capital projects sets the Senate apart from Democratic Gov. Roy Cooper, whose budget plan called for a $4.7 billion statewide bond package.
 
North Carolina has over-collected more than $6 billion in state taxes when compared to May of 2020 economic forecasts.
North Carolina has over-collected more than $6 billion in state taxes when compared to May of 2020 economic forecasts.
 
"We have consistently collected more from taxpayers than we need to operate a sound state government," said Sen. Paul Newton, R-Cabarrus.
"We have consistently collected more from taxpayers than we need to operate a sound state government," said Sen. Paul Newton, R-Cabarrus.
 
A proposed tax cut from Senate Republicans would move North Carolina to fifth in the state business tax climate rankings, the Tax Foundation says.
A proposed tax cut from Senate Republicans would move North Carolina to fifth in the state business tax climate rankings, the Tax Foundation says.
 
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans.
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans.
 
Every North Carolinian who pays personal income tax would see a lower rate, under a proposal from legislative Republicans.
Every North Carolinian who pays personal income tax would see a lower rate, under a proposal from legislative Republicans.
 
It's wrong to suggest a proposed state constitutional amendment would block North Carolina from adopting a system of graduated tax rates
It's wrong to suggest a proposed state constitutional amendment would block North Carolina from adopting a system of graduated tax rates
 
The Democratic governor suggests Republican leaders of the N.C. General Assembly favor those groups over people with lower incomes. But the facts show that the governor bears responsibility for trying to divide North Carolinians by income level
The Democratic governor suggests Republican leaders of the N.C. General Assembly favor those groups over people with lower incomes. But the facts show that the governor bears responsibility for trying to divide North Carolinians by income level
 
Ever since North Carolina enacted a major tax reform package in 2013, left-of-center politicians and pundits have lamented the disappearance of a progressive income tax
Ever since North Carolina enacted a major tax reform package in 2013, left-of-center politicians and pundits have lamented the disappearance of a progressive income tax
 
Cooper offered no details, and it's not clear how he allocated various pieces of the tax package included in the 2017-19 budget plan
Cooper offered no details, and it's not clear how he allocated various pieces of the tax package included in the 2017-19 budget plan
 
True, longtime Raleigh News & Observer political columnist Rob Christensen might have written his latest piece before reading last week’s Carolina Journal Daily Journal on recent progressive changes to North Carolina’s personal income tax
True, longtime Raleigh News & Observer political columnist Rob Christensen might have written his latest piece before reading last week’s Carolina Journal Daily Journal on recent progressive changes to North Carolina’s personal income tax
 
Government requires money to do its work. Anarchists disagree. But for the vast majority of us, the real debates involve, first, how much money government needs and, second, how government ought to collect that money
Government requires money to do its work. Anarchists disagree. But for the vast majority of us, the real debates involve, first, how much money government needs and, second, how government ought to collect that money
 
Political progressives aren't the only ones who see value in adding more "progressivity" to the state's personal income tax. A Republican-sponsored bill that won unanimous support last week in the N.C. Senate would accomplish that goal
Political progressives aren't the only ones who see value in adding more "progressivity" to the state's personal income tax. A Republican-sponsored bill that won unanimous support last week in the N.C. Senate would accomplish that goal
 
As the 2016 general election unfolds in North Carolina, you should expect to hear a lot about how the state's economy has fared under Republican governance in Raleigh.
As the 2016 general election unfolds in North Carolina, you should expect to hear a lot about how the state's economy has fared under Republican governance in Raleigh.
 
Republican state senators want to make North Carolina's income tax system more progressive.
Republican state senators want to make North Carolina's income tax system more progressive.
 
With April 15 behind us, North Carolina taxpayers can look forward to a new era, because 2013 will be the final year of the state’s “progressive” income tax.
With April 15 behind us, North Carolina taxpayers can look forward to a new era, because 2013 will be the final year of the state’s “progressive” income tax.
 
The North Carolina House has officially approved its tax-reform bill. It would create a 5.9 percent flat income tax -- replacing the current rates...
The North Carolina House has officially approved its tax-reform bill. It would create a 5.9 percent flat income tax -- replacing the current rates...
 
A tax reform package cleared a key committee Thursday and is headed for a House floor vote, possibly as early as today. The bill passed the House Appropriations...
A tax reform package cleared a key committee Thursday and is headed for a House floor vote, possibly as early as today. The bill passed the House Appropriations...
 
A spokesman for House Speaker Thom Tillis said Wednesday that Republican caucus members have come to an agreement on tax reform and will move forward...
A spokesman for House Speaker Thom Tillis said Wednesday that Republican caucus members have come to an agreement on tax reform and will move forward...
 
A House GOP-sponsored tax reform package got out of that chamber's Finance Committee on Tuesday, but not before it was tweaked to remove a cap that had been placed on deductions for mortgage interest, local property taxes and charitable contributions.
A House GOP-sponsored tax reform package got out of that chamber's Finance Committee on Tuesday, but not before it was tweaked to remove a cap that had been placed on deductions for mortgage interest, local property taxes and charitable contributions.
 
Members of the House Finance Committee heard the details of the House tax reform plan this week.
Members of the House Finance Committee heard the details of the House tax reform plan this week.
 
Sen. Bob Rucho began his presentation of a proposed tax overhaul by asking the lobbyists in attendance at Thursday's Senate Finance Committee meeting to raise their hands.
Sen. Bob Rucho began his presentation of a proposed tax overhaul by asking the lobbyists in attendance at Thursday's Senate Finance Committee meeting to raise their hands.
 
For months, North Carolina politicians, lobbyists, policy analysts, and journalists have been buzzing about the possibility that fundamental tax reform might top the state agenda in the coming year.
For months, North Carolina politicians, lobbyists, policy analysts, and journalists have been buzzing about the possibility that fundamental tax reform might top the state agenda in the coming year.
 
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