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Results found for income taxes

 

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.
 
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.
 
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 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
 
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.
 
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 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.
 
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
 
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.
 
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 to high-income earners.
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 to high-income earners.
 
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 to high-income earners.
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 to high-income earners.
 
If you think very rich people pay a lower share of their income in taxes than you do, you are very likely to vote for Democrats and to support a range of government interventions in the economy.
If you think very rich people pay a lower share of their income in taxes than you do, you are very likely to vote for Democrats and to support a range of government interventions in the economy.
 
Wealthy North Carolinians pay a higher share of their incomes in taxes than do middle-income North Carolinians, who in turn have a higher effective tax rate than the poor
Wealthy North Carolinians pay a higher share of their incomes in taxes than do middle-income North Carolinians, who in turn have a higher effective tax rate than the poor
 
Would North Carolina be a better place without an income tax? A recent Bankrate.com article compared the nine states that forgo broad-based personal income taxes with the rest of the country on economy, population, and jobs
Would North Carolina be a better place without an income tax? A recent Bankrate.com article compared the nine states that forgo broad-based personal income taxes with the rest of the country on economy, population, and jobs
 
A last-minute change to Senate Bill 325 - which originally would have lowered state personal and business income taxes - instead became the vehicle to change early voting hours and days
A last-minute change to Senate Bill 325 - which originally would have lowered state personal and business income taxes - instead became the vehicle to change early voting hours and days
 
The $23.9 billion state General Fund budget proposal reduces personal and corporate income taxes and increases education spending by nearly $700 million
The $23.9 billion state General Fund budget proposal reduces personal and corporate income taxes and increases education spending by nearly $700 million
 
While North Carolina legislators and Gov. Roy Cooper haven't yet received the report on state income taxes paid or refunded by the April deadline, they shouldn't count on a positive "April surprise" to make fiscal decisions for them
While North Carolina legislators and Gov. Roy Cooper haven't yet received the report on state income taxes paid or refunded by the April deadline, they shouldn't count on a positive "April surprise" to make fiscal decisions for them
 
Senate leaders are proposing a $1 billion middle class tax reduction plan that would lower personal and corporate income taxes, increase mortgage interest deductions, and allow for unlimited medical and charitable tax deductions
Senate leaders are proposing a $1 billion middle class tax reduction plan that would lower personal and corporate income taxes, increase mortgage interest deductions, and allow for unlimited medical and charitable tax deductions
 
Since Governor Pat McCrory entered office in January 2013, North Carolina's economy added 300,000 new jobs, the state experienced one of the largest drops in unemployment in the country, $2.6 billion in debt for federal unemployment insurance was paid off, personal income and business taxes were cut
Since Governor Pat McCrory entered office in January 2013, North Carolina's economy added 300,000 new jobs, the state experienced one of the largest drops in unemployment in the country, $2.6 billion in debt for federal unemployment insurance was paid off, personal income and business taxes were cut
 
"North Carolina's recent, major changes in economic policy have resulted, thus far, in sizable increases in economic growth, employment, and salaries, and reductions in unemployment rates."
"North Carolina's recent, major changes in economic policy have resulted, thus far, in sizable increases in economic growth, employment, and salaries, and reductions in unemployment rates."
 
Every year the Tax Foundation publishes the State Business Tax Climate Index, which allows taxpayers, businesses, and policy makers an easy comparison of how their states' tax systems relate. This ranking of the states is based on tax policy has been very important in North Carolina over the last...
Every year the Tax Foundation publishes the State Business Tax Climate Index, which allows taxpayers, businesses, and policy makers an easy comparison of how their states' tax systems relate. This ranking of the states is based on tax policy has been very important in North Carolina over the last...
 
State taxpayers will pay $400 million less over the next two years if lawmakers pass a $21.735 billion state budget deal announced Monday by legislative leaders. The 2016-17 state budget also expands the sales tax base to include more repair and service work to help offset the tax rate reductions.
State taxpayers will pay $400 million less over the next two years if lawmakers pass a $21.735 billion state budget deal announced Monday by legislative leaders. The 2016-17 state budget also expands the sales tax base to include more repair and service work to help offset the tax rate reductions.
 
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.
 
Never let it be said that I am against all tax increases. Please raise the tax on state and local government bonds - immediately. The federal tax deduction on these bonds has a fiscal impact of about $20 billion a year. Most states have income taxes, and most link their deductions in one way...
Never let it be said that I am against all tax increases. Please raise the tax on state and local government bonds - immediately. The federal tax deduction on these bonds has a fiscal impact of about $20 billion a year. Most states have income taxes, and most link their deductions in one way...
 
When I tell audiences that I have always been a committed Marxist, I usually get a combination of disbelieving snorts and knowing chuckles. The cleverest response goes something like this: "I can believe you've been a committed Marxist, but I can't believe they'd ever let you out!"
When I tell audiences that I have always been a committed Marxist, I usually get a combination of disbelieving snorts and knowing chuckles. The cleverest response goes something like this: "I can believe you've been a committed Marxist, but I can't believe they'd ever let you out!"
 
Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
 
Taxes are the primary source of income for the state of North Carolina. While many of us focus on the larger taxes, such as personal income, we must remember there are multiple sources of tax income the state uses to fund its daily functions.
Taxes are the primary source of income for the state of North Carolina. While many of us focus on the larger taxes, such as personal income, we must remember there are multiple sources of tax income the state uses to fund its daily functions.
 
Four years ago the State Statute required re-evaluation across NC. Our local tax office here in Beaufort County honestly told them the real estate bubble had burst and prices were going down rather than up.
Four years ago the State Statute required re-evaluation across NC. Our local tax office here in Beaufort County honestly told them the real estate bubble had burst and prices were going down rather than up.
 
The weather is getting warmer, the plants are in bloom, and people are starting to spend more time outside. Yes, it's springtime, and as we get more comfortable with the season change, one thing continues to put a damper on things - tax day. April 15 arrived today, but do you know exactly...
The weather is getting warmer, the plants are in bloom, and people are starting to spend more time outside. Yes, it's springtime, and as we get more comfortable with the season change, one thing continues to put a damper on things - tax day. April 15 arrived today, but do you know exactly...
 
I've had my disagreements with Duke Energy, both historically and recently. But the company got a bum rap in a new story stumbling its way through media circles: that Duke Energy uses abusive tax loopholes to avoid paying its fair share of federal income taxes.
I've had my disagreements with Duke Energy, both historically and recently. But the company got a bum rap in a new story stumbling its way through media circles: that Duke Energy uses abusive tax loopholes to avoid paying its fair share of federal income taxes.
 
Although it may not seem obvious at first, there is a common denominator between two separate dramas playing out in Washington and Raleigh right now. Nationally, the top story in domestic policy is the impending implementation of the Affordable Care Act a.k.a. Obamacare.
Although it may not seem obvious at first, there is a common denominator between two separate dramas playing out in Washington and Raleigh right now. Nationally, the top story in domestic policy is the impending implementation of the Affordable Care Act a.k.a. Obamacare.
 
Pundits, partisans and politicos have offered their views on the tax plan passed this week, ranging from praise to please.
Published: Thursday, July 18th, 2013 @ 10:34 pm By: Tom Campbell
Pundits, partisans and politicos have offered their views on the tax plan passed this week, ranging from praise to please.
 
The North Carolina Senate Finance Committee today introduced a tax reform package that eliminates the corporate tax, lowers and flattens personal income taxes, and eliminates the sales tax on food.
The North Carolina Senate Finance Committee today introduced a tax reform package that eliminates the corporate tax, lowers and flattens personal income taxes, and eliminates the sales tax on food.
 
The state Senate, amid a rift among the chamber's leadership, gave its initial approval Thursday to a tax reform bill that would establish a flat tax, lower personal income taxes, and phase out the corporate income tax.
The state Senate, amid a rift among the chamber's leadership, gave its initial approval Thursday to a tax reform bill that would establish a flat tax, lower personal income taxes, and phase out the corporate income tax.
 
Lawmakers agree they want to lower personal and corporate income tax rates while expanding the tax base to include a wider range of sales and service taxes, but the devil is in tax reform details.
Published: Thursday, May 2nd, 2013 @ 11:42 pm By: Tom Campbell
Lawmakers agree they want to lower personal and corporate income tax rates while expanding the tax base to include a wider range of sales and service taxes, but the devil is in tax reform details.
 

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