Spotlight Report

Spotlight 477: Capital Gains

posted on in Spending & Taxes
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Dr. Roy Cordato, John Locke Foundation vice president for research and resident scholar, explains why he believes North Carolina should end double taxation of capital gains. Cordato offered these comments during an interview with Donna Martinez for Carolina Journal Radio. Watch the video and read the full report below.

Key Facts

  • North Carolina’s tax code, even after significant reform in 2013, double taxes returns to capital investment.
  • Taxes on capital gains should be repealed.
  • Complete repeal would cost the state treasury and save taxpayers about $500 million in 2017.
  • This could be accomplished gradually by putting in place first a 25 percent exclusion at a state treasury cost of about $125 million and, beyond that, a 50 percent exclusion at a cost to the treasury and savings to taxpayers of $250 million.

Spotlight 477 Capital Gains


In June 2019 Roy Cordato retired from his full time position as Senior Economist and Resident Scholar at the John Locke Foundation and currently holds the position of Senior Economist Emeritus at the Foundation. From January 2001 to March 2017,… ...

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About John Locke Foundation

We are North Carolina’s Most Trusted and Influential Source of Common Sense. The John Locke Foundation was created in 1990 as an independent, nonprofit think tank that would work “for truth, for freedom, and for the future of North Carolina.” The Foundation is named for John Locke (1632-1704), an English philosopher whose writings inspired Thomas Jefferson and the other Founders.

The John Locke Foundation is a 501(c)(3) research institute and is funded solely from voluntary contributions from individuals, corporations, and charitable foundations.