Personal income

individual's total earnings

Economic Insecurity? N&O Distorts Truth About NC’s Economy

This N&O piece was light on facts and heavy on empty assertions. What's the truth?

30 years of spending

The General Assembly has provided real spending discipline since 2011, in marked contrast to the previous two decades. In the graphs below, we look first at the General Fund, then…

Education

Lottery sales still depend on economic desperation

Counties with high poverty, unemployment, and property tax rates also tend to have high lottery sales per adult. This is a consistent finding. We've seen it since 2007.

Budget, Taxation & Economy

Income growth in 2018

North Carolina’s one-year income growth in the third quarter of 2018 was faster than any state in the southeast. The Pew Charitable Trusts has a great tool to see this…

Budget, Taxation & Economy

Millennial teachers fare much better than peers

According to the Business Insider, Median personal income for all NC employees: $31,900 Median income for NC millennials: $20,000 According to the NC Department of Public Instruction and the Wake…

Budget, Taxation & Economy

By The Numbers: What Government Costs in North Carolina Cities and Counties, FY 2013

By The Numbers provides information on how much local government costs in every city and county in North Carolina.

Budget, Taxation & Economy

State Spending Keeps Growing

View in your browser. Every year debates are focused around North Carolina’s government spending. On one side of the argument, mainly the right, the argument is that spending keeps increasing…

Budget, Taxation & Economy

Apparently income inequality is not growing but shrinking

According to a study by researchers at Cornell University the gap between high income earners–the top 1 percent–and everyone else has actually been shrinking, despite recent headlines to the contrary.…

Liberty

Another ObamaCare Surprise: “There’s the potential for some sizable repayments”

Surprise, surprise. A study published Monday in Health Affairs estimates that 38% of families that qualify for federal premium subsidies might have to repay some portion if changes in their…

Budget, Taxation & Economy

Fiscal Impacts of Tax Reform on Personal Income

The Personal Income rates are changed from the tiered system to a flat rate percentage. Starting in 2014 the state’s income tax rate will be a flat 5.8 percent with…

Liberty

We’re So Rich, I Can’t Stand It

According to the AP, which is giving us much of the news while the candidates for re-election must refrain from making unfavorable decisions: Income grew 0.4 percent following a 0.3…

New JLF report shows statewide average local government tax burden remains at 4.5 percent

Click here to view and here to listen to Dr. Michael Sanera discussing this report. RALEIGH — The average North Carolinian surrendered more than 4.5 percent of his personal income…