Opinion
Honoring our commitment to military retirees
Regardless of your politics, we can all agree that the prolonged sacrifices made by members of our armed forces run deeper than any physical wound.
News
House moves to exempt military retirement pay from state income taxes
The N.C. House passed a bill by a vote of 100-5 on Wednesday to exempt military retirement pay from state income taxes. House Bill 83 is sponsored by Rep. John Szoka, R-Cumberland, who represents the district where Fort Bragg and the 82nd Airborne are located. Szoka spoke on the floor of the House asking members...
News
Republicans propose $2.1 billion in cuts on income taxes; removes some from rolls
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans. The plan would reduce North Carolina’s flat income tax rate from 5.25% to 4.99%. It would also raise the standard deduction from $21,500 to $25,500 for...
Opinion
Myths about N.C. Taxes
Charlotte Observer columnist Jack Betts and others have blamed the current state budget deficit on an antiquated tax system. Sorry, but the facts do not support this conclusion, and it rests on a misunderstanding of what “corporate income” is.
