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NC Democrats pitch 7% tax on $1M+ incomes to fund public schools

NC House Democrats have filed HB 1073, the Fair Share for Public Schools Act, which would impose a new 7% income tax bracket on individual earnings above $1 million and direct an estimated $1 billion a year in proceeds to the State Public School Fund.

David N. Bass
News

NC upper middle-class grew sharply over 14 years, Census figures show

NC's income distribution has shifted measurably upward since 2010, with fewer households at the bottom and more at the top, even after adjusting for inflation. The finding supports a recent American Enterprise Institute study arguing that the so-called "shrinking middle class" reflects upward mobility, not economic decline.

David N. Bass

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