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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.
Published: Monday, August 7th, 2023 @ 7:49 am
By: John Locke Foundation
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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
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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.
Published: Thursday, May 11th, 2023 @ 2:23 pm
By: John Locke Foundation
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The NC Senate signaled their intentions Wednesday to aggressively lower the state’s personal income tax rate.
Published: Sunday, April 16th, 2023 @ 2:59 pm
By: John Locke Foundation
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Research shows millions of dollars in eligible credits go unclaimed each year
Published: Monday, January 30th, 2023 @ 10:11 am
By: Governor's Office
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North Carolinians will have reason to celebrate on January 1, 2023 as they see more money in their paychecks.
Published: Sunday, December 25th, 2022 @ 9:02 am
By: Carolina Journal
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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
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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.
Published: Wednesday, August 31st, 2022 @ 11:10 pm
By: Daily Wire
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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.
Published: Thursday, July 21st, 2022 @ 10:30 am
By: Stan Deatherage
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Families should visit ChildTaxCredit.gov for tools, help filing
Published: Wednesday, February 9th, 2022 @ 7:56 am
By: Governor's Office
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Every North Carolinian who pays personal income tax would see a lower rate, under a proposal from legislative Republicans.
Published: Tuesday, April 13th, 2021 @ 1:27 pm
By: Carolina Journal
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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.
Published: Sunday, April 4th, 2021 @ 11:45 pm
By: Stan Deatherage
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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.
Published: Tuesday, April 28th, 2020 @ 12:05 pm
By: John Locke Foundation
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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.
Published: Wednesday, February 26th, 2020 @ 1:34 am
By: Civitas Insitute
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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.
Published: Friday, February 21st, 2020 @ 11:57 am
By: Civitas Insitute
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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?
Published: Thursday, October 25th, 2018 @ 9:19 am
By: John Locke Foundation
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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
Published: Sunday, October 21st, 2018 @ 1:03 am
By: John Locke Foundation
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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.
Published: Thursday, September 27th, 2018 @ 2:27 am
By: John Locke Foundation
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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
Published: Sunday, September 23rd, 2018 @ 11:23 pm
By: Stan Deatherage
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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
Published: Monday, August 20th, 2018 @ 12:27 pm
By: John Locke Foundation
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What is a tax increase? Sounds like a simple question. But when politics intrudes, simple becomes complicated - or even convoluted
Published: Saturday, May 19th, 2018 @ 10:47 pm
By: John Locke Foundation
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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
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Most reports about the recently passed federal tax plan have included a line about the near doubling of the standard personal income tax deduction
Published: Thursday, January 4th, 2018 @ 6:56 pm
By: John Locke Foundation
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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
Published: Friday, November 10th, 2017 @ 9:59 pm
By: John Locke Foundation
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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
Published: Tuesday, September 19th, 2017 @ 10:38 pm
By: John Locke Foundation
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State income tax reforms have removed thousands of North Carolinians from the income tax rolls.
Published: Friday, July 21st, 2017 @ 3:58 pm
By: John Locke Foundation
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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
Published: Saturday, March 18th, 2017 @ 11:54 am
By: John Locke Foundation
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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
Published: Monday, January 9th, 2017 @ 6:16 pm
By: McCrory Communications
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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
Published: Thursday, November 17th, 2016 @ 2:41 pm
By: John Locke Foundation
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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
Published: Friday, October 7th, 2016 @ 12:44 pm
By: John Locke Foundation
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Economics & Environment Update: Time to get serious about capital gains, the next step in tax reformLast 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.
Published: Monday, May 30th, 2016 @ 4:34 pm
By: John Locke Foundation
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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...
Published: Tuesday, October 20th, 2015 @ 9:37 am
By: John Locke Foundation
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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
Published: Thursday, October 15th, 2015 @ 4:12 am
By: Civitas Insitute
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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...
Published: Tuesday, September 15th, 2015 @ 2:21 am
By: John Locke Foundation
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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...
Published: Friday, September 4th, 2015 @ 9:26 pm
By: John Locke Foundation
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Republican state senators want to make North Carolina's income tax system more progressive.
Published: Thursday, June 25th, 2015 @ 6:06 pm
By: John Locke Foundation
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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...
Published: Friday, May 1st, 2015 @ 1:51 am
By: John Locke Foundation
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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
Published: Friday, March 13th, 2015 @ 3:34 am
By: Stan Deatherage
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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.
Published: Thursday, December 11th, 2014 @ 7:41 pm
By: John Locke Foundation
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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...
Published: Saturday, June 7th, 2014 @ 8:10 am
By: Civitas Insitute
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