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North Carolina's tax code penalizes savings and investment by double taxing their returns - specifically interest, dividends, and capital gains. These biases can only be eliminated by removing savings and investment from the tax base, or by eliminating the returns to saving; for example...
Published: Wednesday, January 6th, 2016 @ 11:49 am
By: John Locke Foundation
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Gov. Pat McCrory on Tuesday credited reforms in North Carolina's tax code and regulatory environment as the U.S. Chamber of Commerce Foundation recognized the state for moving into the top 10 nationally in a Chamber ranking of high-tech performance and innovation and entrepreneurship.
Published: Wednesday, October 28th, 2015 @ 3:59 pm
By: John Locke Foundation
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Governor McCrory and others are advocating the restoration of the historic preservation tax credit.
Published: Saturday, December 27th, 2014 @ 8:45 am
By: Tom Campbell
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When Republicans took control of the legislature in January 2011, North Carolina's economy was struggling, the unemployment rate was 10.4%, citizens and businesses were burdened with a 1930s Depression-era tax code, and the state owed the federal government $2.5 billion.
Published: Sunday, February 9th, 2014 @ 10:51 am
By: Stan Deatherage
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Life, the old saying goes, is best thought of as a journey, not a destination. When it comes to reforming North Carolina's tax code, however, I'd say the reverse is true. The journey may have been messy over the past few months, as state lawmakers and policy analysts pitched and debated various...
Published: Wednesday, June 19th, 2013 @ 1:53 pm
By: John Locke Foundation
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Life, the old saying goes, is best thought of as a journey, not a destination. When it comes to reforming North Carolina's tax code, however, I'd say the reverse...
Published: Sunday, June 16th, 2013 @ 11:08 am
By: John Locke Foundation
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If reforming North Carolina's tax code were easy, one of the many tax-reform efforts of the past 20 years would have succeeded. Didn't happen.
Published: Thursday, June 6th, 2013 @ 10:40 am
By: John Locke Foundation
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A change in North Carolina's tax code is coming this year. The most likely outcome will be a reduction in the reliance on our state's income taxes and more of a reliance on an expanded sales tax.
Published: Tuesday, March 5th, 2013 @ 8:38 am
By: Stan Deatherage
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I don't find the structure of North Carolina's tax code to be at all surprising. I find it confusing, destructive, unfair, and absurd, as do most folks who have ever studied it. But no one should ever be surprised that tax systems are screwy.
Published: Tuesday, October 2nd, 2012 @ 12:40 am
By: John Locke Foundation
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