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Results found for "nc income tax"


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.
 
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.
 
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.
 
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 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.
 
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
 
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.
 
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.
 
I hoped, when Gov. Cooper declared a public health emergency March 14, that he was also planning ways to reduce spending to offset some of the lost sales and income tax revenue.
I hoped, when Gov. Cooper declared a public health emergency March 14, that he was also planning ways to reduce spending to offset some of the lost sales and income tax revenue.
 
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 your taxable income is greater than $60,000, then you are at least a bit better off than the average North Carolinian. But does that make you wealthy?
If your taxable income is greater than $60,000, then you are at least a bit better off than the average North Carolinian. But does that make you wealthy?
 
Legislators and policy advocates debated Tuesday in Gastonia over a proposed constitutional amendment which would lower the cap on state income tax rates from 10 to 7 percent
Legislators and policy advocates debated Tuesday in Gastonia over a proposed constitutional amendment which would lower the cap on state income tax rates from 10 to 7 percent
 
A childless married couple with $1 million in income stands to save $2,577 on its N.C. income tax bill thanks to changes that will take effect in 2019.
A childless married couple with $1 million in income stands to save $2,577 on its N.C. income tax bill thanks to changes that will take effect in 2019.
 
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
 
What is a tax increase? Sounds like a simple question. But when politics intrudes, simple becomes complicated - or even convoluted
What is a tax increase? Sounds like a simple question. But when politics intrudes, simple becomes complicated - or even convoluted
 
Since I and other Republicans gained control of the General Assembly in 2011, the Assembly has championed the philosophy of cutting taxes - thus a lower sales tax rate, personal income tax rate and corporate tax rate on North Carolina families and businesses, while raising the standard deduction for
Published: Thursday, February 1st, 2018 @ 3:07 pm By: Bill Cook
Since I and other Republicans gained control of the General Assembly in 2011, the Assembly has championed the philosophy of cutting taxes - thus a lower sales tax rate, personal income tax rate and corporate tax rate on North Carolina families and businesses, while raising the standard deduction for
 
Most reports about the recently passed federal tax plan have included a line about the near doubling of the standard personal income tax deduction
Most reports about the recently passed federal tax plan have included a line about the near doubling of the standard personal income tax deduction
 
North Carolinians would experience large gains in after-tax income under the tax-reform bill released last week in Washington, according to an initial analysis by the nonpartisan Tax Foundation
North Carolinians would experience large gains in after-tax income under the tax-reform bill released last week in Washington, according to an initial analysis by the nonpartisan Tax Foundation
 
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
 
State income tax reforms have removed thousands of North Carolinians from the income tax rolls.
State income tax reforms have removed thousands of North Carolinians from the income tax rolls.
 
The state Senate has given its approval to a proposed constitutional amendment capping the income tax rate at 5.5 percent, but one lawmaker has a better idea
The state Senate has given its approval to a proposed constitutional amendment capping the income tax rate at 5.5 percent, but one lawmaker has a better idea
 
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
 
Perfecto Ruano and his wife Walda Luna, both of Wallace, were sentenced Tuesday in federal court to prison terms of 57 months and 81 months, respectively, for operating a fraudulent federal income-tax refund scheme using fake identities
Perfecto Ruano and his wife Walda Luna, both of Wallace, were sentenced Tuesday in federal court to prison terms of 57 months and 81 months, respectively, for operating a fraudulent federal income-tax refund scheme using fake identities
 
There are few aspects of the 2013 tax reform in North Carolina that have drawn more criticism from Democrats and progressives than elimination of the Earned Income Tax Credit
There are few aspects of the 2013 tax reform in North Carolina that have drawn more criticism from Democrats and progressives than elimination of the Earned Income Tax Credit
 
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.
 
Since the World War II era, workers have benefited from a rather large implicit tax subsidy on health coverage provided by their employers. Every dollar an employee spends from earned income is taxed, but every dollar spent on health care is not. Those who purchase health plans on their own lose...
Since the World War II era, workers have benefited from a rather large implicit tax subsidy on health coverage provided by their employers. Every dollar an employee spends from earned income is taxed, but every dollar spent on health care is not. Those who purchase health plans on their own lose...
 
In 2013, North Carolina's unemployment insurance (UI) program was in terrible shape. Like most states, North Carolina borrowed funds from the federal government to cover increased unemployment benefits during the great recession. The Tar Heel State owed Washington $2.75 billion. As a result, the sta
In 2013, North Carolina's unemployment insurance (UI) program was in terrible shape. Like most states, North Carolina borrowed funds from the federal government to cover increased unemployment benefits during the great recession. The Tar Heel State owed Washington $2.75 billion. As a result, the sta
 
I have never been a fan of the Fair Tax, a proposal to abolish the income tax and substitute a national sales tax. My opposition has nothing to do with the merits of a national sales tax as opposed to an income tax per se. Clearly, as an economist, I agree that the proper and most efficient tax...
I have never been a fan of the Fair Tax, a proposal to abolish the income tax and substitute a national sales tax. My opposition has nothing to do with the merits of a national sales tax as opposed to an income tax per se. Clearly, as an economist, I agree that the proper and most efficient tax...
 
I have never been a fan of the Fair Tax, a proposal to abolish the income tax and substitute a national sales tax. My opposition has nothing to do with the merits of a national sales tax as opposed to an income tax per se. Clearly, as an economist, I agree that the proper and most efficient tax...
I have never been a fan of the Fair Tax, a proposal to abolish the income tax and substitute a national sales tax. My opposition has nothing to do with the merits of a national sales tax as opposed to an income tax per se. Clearly, as an economist, I agree that the proper and most efficient tax...
 
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...
 
This week, Congressman Walter B. Jones (NC-3) cosponsored H.R. 1332, the Deny Amnesty Credit Act of 2015, which would prevent the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) from being given to the four million illegal aliens granted amnesty under President Obama's executive actio
This week, Congressman Walter B. Jones (NC-3) cosponsored H.R. 1332, the Deny Amnesty Credit Act of 2015, which would prevent the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) from being given to the four million illegal aliens granted amnesty under President Obama's executive actio
 
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.
 
Progressive protesters, including "Moral Monday" demonstrators, have for roughly the past year voiced their opposition to a supposed state "tax increase" passed last year. Specifically, they gripe that the landmark 2013 North Carolina tax reform - which lowered income tax rates on all income...
Progressive protesters, including "Moral Monday" demonstrators, have for roughly the past year voiced their opposition to a supposed state "tax increase" passed last year. Specifically, they gripe that the landmark 2013 North Carolina tax reform - which lowered income tax rates on all income...
 

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