The latest tax hike plan coming from the Democratic budget writers in the North Carolina General Assembly reflects a fascinating look at what the body’s majority deems to be living large in our state. From the News & Observer:
Democratic leaders in the House and Senate settled on a plan that would tack a 3 percent surcharge on the income tax liability of North Carolinians who report income of more than $250,000 a year. Taxpayers who report between $100,000 and $250,000 would get hit with a 2 percent surcharge. Those levels are based on the taxable income of married couples filing jointly.
That’s bad enough, but wait, there’s more.
Perdue has two concerns, according to legislators. She was uncomfortable because the 2 percent surcharge, while affecting couples who make more than $100,000, would reach down to single taxpayers whose taxable income is more than $60,000.
I wonder what all the teachers, principals, and myriad school administrators who will be hit by this tax on a tax are thinking, since they -for the most part – helped elect the very people who clearly think they’re livin’ large in Carolina and not paying their fair share.
