Tax Foundation

American nonprofit organization

Tax Foundation: How NC Can Continue Its Pro-Growth Tax Reform Legacy

What NC can do to remain a national leaders in tax reform.

How Progressive is Our Tax System? The Answer: More Than We Thought

The progressive left often argues that the rich do not pay enough in taxes. The tax code is not progressive enough, they say. But, the tax code is much more…

Budget, Taxation & Economy

Twenty-four Counties Due for Property Tax Reassessments This Year

Police, schools, and other local services are often funded by your local county government. Property taxes are the biggest contributor to local government revenues. In 2020, they were responsible for…

Budget, Taxation & Economy

North Carolina Among Many Other States Pursuing Lower Taxes

Though the national media often fails to give them attention, state tax reforms are underway across the country. Over the past decade, North Carolina has led the way in state…

Liberty

NC Ranks in Top 10 for Best Business Tax Climate Index

The Tax Foundation has released its annual Best Business Tax Climate Index list, and North Carolina is ranked at no. 10. The list “enables business leaders, government policy makers, and taxpayers to…

Budget, Taxation & Economy

North Carolina Ranks 10th Best on Tax Foundation Index

The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate…

Budget, Taxation & Economy

The Missing Facts From N&O “Fact Check” on Inflation Reduction Act

Sometimes the media's agenda is revealed more by what they don't say.

Research Brief

Budget, Taxation & Economy

Four Reasons to Support Tax Cuts for North Carolina

Lower income taxes allow people to keep more of their hard-earned money and spend it on their needs. Some would argue that your money would be better spent by politicians…

Budget, Taxation & Economy

Biden’s Book Tax Falls on Real Estate, Manufacturing, Mining, Other Crucial Sectors

The “Inflation Reduction Act” would be a disaster for many. Taxes would rise for nearly every income group, devastating low-income households in particular. One of the most harmful aspects of the bill…

Budget, Taxation & Economy

The Inflation Reduction Act Would Do Nothing to Reduce Inflation

Inflation is at 9.1%, the economy is in a recession, and after a year of back and forth, Senators Joe Manchin (D-WV) and Chuck Schumer (D-NY) agreed to a massive…

Research Brief

Budget, Taxation & Economy

Three Reasons to Remove the Privilege License Tax

On the heels of sweeping tax reform, the North Carolina legislature simplified the privilege license tax when they eliminated municipal privilege taxes in 2014. The state still levies a privilege…

Budget, Taxation & Economy

Let’s Repeal What Remains of the Privilege License Tax

A privilege license tax is essentially a tax imposed for the privilege of conducting business in the state. Building on North Carolina’s tax reform leadership, in 2014, the state’s General…