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With dozens of veterans looking on in the House Gallery, the North Carolina House of Representatives voted 100-5 on Wednesday to approve bipartisan legislation to eliminate the state income tax on military retirement pay.
With dozens of veterans looking on in the House Gallery, the North Carolina House of Representatives voted 100-5 on Wednesday to approve bipartisan legislation to 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.
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.
 
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.
 
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.
 
When I walked in the door, I could tell something was up with the owner of a small business I frequent. We talk about current events and politics when I stop by...
When I walked in the door, I could tell something was up with the owner of a small business I frequent. We talk about current events and politics when I stop by...
 
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.
 
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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