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Results found for "income tax"


A three-judge panel has upheld North Carolina's 2018 state constitutional amendments mandating voter ID and lowering the state's income tax cap.
A three-judge panel has upheld North Carolina's 2018 state constitutional amendments mandating voter ID and lowering the state's income tax cap.
 
Proponents of eliminating the federal income tax rejoiced today as Elon Musk cleverly disguised the Internal Revenue Service headquarters as a Tesla dealership so Democrats would burn it down.
Published: Tuesday, July 22nd, 2025 @ 8:41 pm By: Babylon Bee
Proponents of eliminating the federal income tax rejoiced today as Elon Musk cleverly disguised the Internal Revenue Service headquarters as a Tesla dealership so Democrats would burn it down.
 
According to sources, a local man who proudly displays a "Don't Tread On Me" flag dutifully filed his income taxes this year, quietly handing over 40% of his total income to the government he labels tyrannical and oppressive.
According to sources, a local man who proudly displays a "Don't Tread On Me" flag dutifully filed his income taxes this year, quietly handing over 40% of his total income to the government he labels tyrannical and oppressive.
 
Both Locke and the Carolina Journal in the last couple of days have highlighted work by the Tax Foundation highlighting ways North Carolina could continue its pro-growth tax reform.
Both Locke and the Carolina Journal in the last couple of days have highlighted work by the Tax Foundation highlighting ways North Carolina could continue its pro-growth tax reform.
 
No-nonsense Republican & former Healthcare Executive Jesse Thomas announces Gubernatorial campaign centered on eliminating the income tax in North Carolina, improving education, growing the economy, and eliminating Fentanyl.
Published: Friday, August 4th, 2023 @ 8:53 am By: ENC NOW
No-nonsense Republican & former Healthcare Executive Jesse Thomas announces Gubernatorial campaign centered on eliminating the income tax in North Carolina, improving education, growing the economy, and eliminating Fentanyl.
 
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
 
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.
 
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
 
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.
 
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
Published: Tuesday, May 2nd, 2023 @ 5:00 pm By: Carolina Journal
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
 
The NC Senate signaled their intentions Wednesday to aggressively lower the state’s personal income tax rate.
The NC Senate signaled their intentions Wednesday to aggressively lower the state’s personal income tax rate.
 
My latest piece at the American Institute for Economic Research discusses the particularly harmful impact progressive income taxes have on productivity and the poor.
My latest piece at the American Institute for Economic Research discusses the particularly harmful impact progressive income taxes have on productivity and the poor.
 
Republican lawmakers proposed a bill to replace the income, payroll, and estate taxes with a national sales tax while abolishing the IRS.
Published: Tuesday, January 31st, 2023 @ 4:12 am By: Daily Wire
Republican lawmakers proposed a bill to replace the income, payroll, and estate taxes with a national sales tax while abolishing the IRS.
 
North Carolinians will have reason to celebrate on January 1, 2023 as they see more money in their paychecks.
North Carolinians will have reason to celebrate on January 1, 2023 as they see more money in their paychecks.
 
The N.C. NAACP is seeking a "writ of mandamus" from the N.C. Supreme Court. It would speed up action in a case targeting state constitutional amendments for voter ID and a lower income tax cap.
The N.C. NAACP is seeking a "writ of mandamus" from the N.C. Supreme Court. It would speed up action in a case targeting state constitutional amendments for voter ID and a lower income tax cap.
 
The above question was posed recently by Cato Institute fiscal policy expert Chris Edwards.
The above question was posed recently by Cato Institute fiscal policy expert Chris Edwards.
 
The federal government drastically overestimates income inequality in the United States by failing to account for certain welfare programs and income taxes on the wealthiest earners, according to a study released on Tuesday by the Cato Institute.
Published: Monday, September 26th, 2022 @ 9:45 am By: Daily Wire
The federal government drastically overestimates income inequality in the United States by failing to account for certain welfare programs and income taxes on the wealthiest earners, according to a study released on Tuesday by the Cato Institute.
 
Legislators waived taxes on business loans; working people deserve the same treatment
Legislators waived taxes on business loans; working people deserve the same treatment
 
The Inflation Reduction Act is poised to reduce after-tax incomes for Americans across every income bracket, according to a report released last week by the Tax Foundation.
The Inflation Reduction Act is poised to reduce after-tax incomes for Americans across every income bracket, according to a report released last week by the Tax Foundation.
 
Another case of Democrats disregarding the will of the People
Another case of Democrats disregarding the will of the People
 
Lower income taxes allow people to keep more of their hard-earned money and spend it on their needs
Lower income taxes allow people to keep more of their hard-earned money and spend it on their needs
 
Small businesses across the country are in danger due to Democrats’ Net Investment Income Tax (NIIT) proposal. With this legislation, 66 percent of small businesses in North Carolina are in at risk of taking the blow from Joe Biden’s tax hike – that’s over 2.2 million jobs on the line.
Small businesses across the country are in danger due to Democrats’ Net Investment Income Tax (NIIT) proposal. With this legislation, 66 percent of small businesses in North Carolina are in at risk of taking the blow from Joe Biden’s tax hike – that’s over 2.2 million jobs on the line.
 
Local man Bob Bean, who pays 39% of his income to the Federal Government, celebrated his status as a free man living in America this weekend.
Published: Friday, July 8th, 2022 @ 8:25 am By: Babylon Bee
Local man Bob Bean, who pays 39% of his income to the Federal Government, celebrated his status as a free man living in America this weekend.
 
State government tax revenues have well-exceeded expectations this fiscal year, WRAL reported. Personal income and sales and use tax revenues were $766 million and $330 million above projections, respectively.
State government tax revenues have well-exceeded expectations this fiscal year, WRAL reported. Personal income and sales and use tax revenues were $766 million and $330 million above projections, respectively.
 
The Carolina Journal makes a wide sweeping evaluation of the news that most effects us here in North Carolina, and is distilled, here on BCN, for your clear understanding by the electronic means of video broadcast.
The Carolina Journal makes a wide sweeping evaluation of the news that most effects us here in North Carolina, and is distilled, here on BCN, for your clear understanding by the electronic means of video broadcast.
 
The Left insists government is better poised than you to spend more of your hard-earned money.
The Left insists government is better poised than you to spend more of your hard-earned money.
 
Should Democrats on the State Supreme Court make the highly partisan and controversial move of forcing two Republican State Supreme Court Justices off a critical case to decide the fate of voter-approved state constitutional amendments requiring voter ID and lowering the maximum income tax rate.
Should Democrats on the State Supreme Court make the highly partisan and controversial move of forcing two Republican State Supreme Court Justices off a critical case to decide the fate of voter-approved state constitutional amendments requiring voter ID and lowering the maximum income tax rate.
 
With dozens of veterans looking on in the House Gallery, the North Carolina House of Representatives voted 100-5 on Wednesday to approve bipartisan legislation to eliminate the state income tax on military retirement pay.
With dozens of veterans looking on in the House Gallery, the North Carolina House of Representatives voted 100-5 on Wednesday to approve bipartisan legislation to eliminate the state income tax on military retirement pay.
 
The N.C. House passed a bill by a vote of 100-5 on Wednesday to exempt military retirement pay from state income taxes.
The N.C. House passed a bill by a vote of 100-5 on Wednesday to exempt military retirement pay from state income taxes.
 
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.
 
Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition.
Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition.
 
Families at the lower end of the income scale could end up among the biggest winners if lawmakers adopt the N.C. Senate’s latest tax package.
Families at the lower end of the income scale could end up among the biggest winners if lawmakers adopt the N.C. Senate’s latest tax package.
 
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.
 
Today, the House Finance Committee gave a favorable report to bipartisan legislation (House Bill 83) that will eliminate the state income tax on military retirement pay.
Today, the House Finance Committee gave a favorable report to bipartisan legislation (House Bill 83) that will eliminate the state income tax on military retirement pay.
 
Zoom made over $600 million in profit and expects to pay $0 in Federal income taxes
Zoom made over $600 million in profit and expects to pay $0 in Federal income taxes
 
In a split 2-1 ruling, the N.C. Court of Appeals has reinstated voter-approved state constitutional amendments to require voter ID and to cap the state’s income tax rate.
In a split 2-1 ruling, the N.C. Court of Appeals has reinstated voter-approved state constitutional amendments to require voter ID and to cap the state’s income tax rate.
 
The full picture for 2019 income taxes is now available, but it does not provide much clarity about the revenue picture for the rest of FY2020-21.
The full picture for 2019 income taxes is now available, but it does not provide much clarity about the revenue picture for the rest of FY2020-21.
 

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