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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.
 
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.
 
"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."
 
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.
 
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!"
 
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.
 
Pundits, partisans and politicos have offered their views on the tax plan passed this week, ranging from praise to please.
Pundits, partisans and politicos have offered their views on the tax plan passed this week, ranging from praise to please.
 
There is one talking point that has become the go-to objection to eliminating North Carolina's state income taxes and replacing the revenue by expanding the sales tax: "This will shift the tax burden from the rich and onto the backs of the poor!"
There is one talking point that has become the go-to objection to eliminating North Carolina's state income taxes and replacing the revenue by expanding the sales tax: "This will shift the tax burden from the rich and onto the backs of the poor!"
 
Now that state legislators have returned to work, one of their most important jobs is to approve a new state budget by July 1.
Now that state legislators have returned to work, one of their most important jobs is to approve a new state budget by July 1.
 
The drumbeat for tax reform in 2013 is growing louder with each passing day, but ask those beating the drums what they mean by reform and you get very different answers.
The drumbeat for tax reform in 2013 is growing louder with each passing day, but ask those beating the drums what they mean by reform and you get very different answers.
 
North Carolina's state income tax penalizes people's income-generating activities by reducing the rewards to work, saving, investment, and entrepreneurship.
North Carolina's state income tax penalizes people's income-generating activities by reducing the rewards to work, saving, investment, and entrepreneurship.
 
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