Tax reform returns to center stage
As Congress seeks to extend the corporate-tax reforms of 2017, our state shouldn’t abandon North Carolina’s trailblazing policy. We should complete it.
The devastation wreaked on North Carolina by Hurricane Helene will take weeks to assess, months to clear out, and years to repair or rebuild. Second only to the value of the lives lost will be the exorbitant fiscal and economic costs of our recovery. Our state government is reasonably well-prepared to shoulder its share. Our...
Believe it or not, the “limousine liberal” tag was first used by a Democrat to describe a Republican in a New York City mayoral campaign during the late 1960s. Back then, the Democratic Party was still largely cemented as America’s working-class party. Today, it’s an entirely different story. Few policies highlight that more right now...
Is our tax system rigged in favor of the wealthy? Hardly. America’s tax system is either modestly or moderately progressive, depending on how you define the terms.
Although special circumstances may temporarily yield atypical results, in general the effective tax rate — annual taxes paid divided by annual income — rises as annual income rises.
It is silly to talk about tax fairness in North Carolina while ignoring federal taxes, which represent most of our tax burden and fund not just the federal budget but also a good chunk of the state budget.
I suppose if you thought Kay Hagan’s reelection campaign was a brilliant exercise in political rhetoric, you might try to reuse her talking points to win the political debates of 2015.
When you include all taxes together, the wealthiest 20 percent have tax burdens more than twice as large as a share of income than those of the poorest 20 percent.
How many times have you heard the claim that the 2013 tax reform bill will result in a tax increase for 80 percent of North Carolinians?
Criticizing Duke for calculating its taxable income correctly is either embarrassingly silly or thoroughly disingenuous.
About half of the apparent sales-tax increase in the House tax plan is not a sales-tax increase at all. It's just a reassignment of taxes already collected.
RALEIGH -- There's no reason to believe a new report's claim that North Carolina's tax system takes a "much larger share" from middle- and low-income families than from families with higher incomes. The John Locke Foundation documents how the misuse of selected federal tax data leads left-leaning analysts to the wrong conclusions.