Differing viewpoints on how to handle scheduled future income tax rate reductions is reportedly the major sticking point keeping the North Carolina House and Senate from agreeing on a state budget —…
Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered…
NC ranks poorly in its tax treatment of remote workers.
Low-income households shouldn't be penalized twice by inflation. Here's how to fix it.
Are you on the edge of your seat waiting for the North Carolina budget? Likely not. According to the October Civitas Poll, 49.6% of North Carolinians do not believe their…
Despite weak opposition to the Senate tax plan, tax cuts benefit more than just the one with the reduced legal tax liability. Low- and median-income households receive a much larger benefit from…
Ali Meyer of the Washington Free Beacon reports on the work to reconcile differences between the U.S. House and Senate tax packages. As it currently stands, both versions of the…
JLF’s Joe Coletti offers a primer on key components of proposed federal tax relief for middle-class families and businesses. He explains why the plan would make taxes simpler for most and offers suggestions for improvement. First,…
A new Fiscal Research Division analysis finds that increasing the standard deduction in 2019 means 230,000 more people will not owe state income taxes than in 2012, before tax reform began. Compared…
You had to wade through a relatively long Daily Journal Tuesday to reach a key piece of information about the relative N.C. income tax burdens of high-income and low-income taxpayers.…
The N.C. Senate’s “Billion-Dollar Tax Plan” could be even larger once final figures for 2016 income taxes are known in the next couple weeks. (By the way, don’t forget to file…
Not sure where this malarkey of “no tax cuts for middle class” “only tax cuts for the rich” is coming from. Here’s the truth – 1,2,3 1.The reduction in North…