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119 Results found for income tax

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The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
 
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
 
The above question was posed recently by Cato Institute fiscal policy expert Chris Edwards.
The above question was posed recently by Cato Institute fiscal policy expert Chris Edwards.
 
Small businesses across the country are in danger due to Democrats’ Net Investment Income Tax (NIIT) proposal. With this legislation, 66 percent of small businesses in North Carolina are in at risk of taking the blow from Joe Biden’s tax hike – that’s over 2.2 million jobs on the line.
Small businesses across the country are in danger due to Democrats’ Net Investment Income Tax (NIIT) proposal. With this legislation, 66 percent of small businesses in North Carolina are in at risk of taking the blow from Joe Biden’s tax hike – that’s over 2.2 million jobs on the line.
 
The Carolina Journal makes a wide sweeping evaluation of the news that most effects us here in North Carolina, and is distilled, here on BCN, for your clear understanding by the electronic means of video broadcast.
The Carolina Journal makes a wide sweeping evaluation of the news that most effects us here in North Carolina, and is distilled, here on BCN, for your clear understanding by the electronic means of video broadcast.
 
The Left insists government is better poised than you to spend more of your hard-earned money.
The Left insists government is better poised than you to spend more of your hard-earned money.
 
With dozens of veterans looking on in the House Gallery, the North Carolina House of Representatives voted 100-5 on Wednesday to approve bipartisan legislation to eliminate the state income tax on military retirement pay.
With dozens of veterans looking on in the House Gallery, the North Carolina House of Representatives voted 100-5 on Wednesday to approve bipartisan legislation to eliminate the state income tax on military retirement pay.
 
The N.C. House passed a bill by a vote of 100-5 on Wednesday 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.
 
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.
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.
 
Every North Carolinian who pays personal income tax would see a lower rate, under a proposal from legislative Republicans.
Every North Carolinian who pays personal income tax would see a lower rate, under a proposal from legislative Republicans.
 
Today, the House Finance Committee gave a favorable report to bipartisan legislation (House Bill 83) that will eliminate the state income tax on military retirement pay.
Today, the House Finance Committee gave a favorable report to bipartisan legislation (House Bill 83) that will eliminate the state income tax on military retirement pay.
 
The full picture for 2019 income taxes is now available, but it does not provide much clarity about the revenue picture for the rest of FY2020-21.
The full picture for 2019 income taxes is now available, but it does not provide much clarity about the revenue picture for the rest of FY2020-21.
 
The N&O this weekend published an editorial declaring that North Carolina’s corporate income tax cuts are “not working.”
The N&O this weekend published an editorial declaring that North Carolina’s corporate income tax cuts are “not working.”
 
State budget writers have more challenges than normal as they prepare for the next biennium. First, there are economic headwinds from tariff and trade wars and a broader concern about when the next recession will arrive
State budget writers have more challenges than normal as they prepare for the next biennium. First, there are economic headwinds from tariff and trade wars and a broader concern about when the next recession will arrive
 
States and municipalities courting of large corporations such as Amazon and Apple has brought the folly of economic development tax incentives into the public awareness
States and municipalities courting of large corporations such as Amazon and Apple has brought the folly of economic development tax incentives into the public awareness
 
Now that Democrats have erased the GOP's veto-proof majorities for the 2019 legislative session, Republican lawmakers could try to rush initiatives through a lame duck legislative session scheduled for Nov. 27, a top political observer says
Now that Democrats have erased the GOP's veto-proof majorities for the 2019 legislative session, Republican lawmakers could try to rush initiatives through a lame duck legislative session scheduled for Nov. 27, a top political observer says
 
More North Carolina voters support than oppose a constitutional amendment reducing the state’s income tax to a maximum allowable rate of 7 percent, the latest Civitas Institute poll finds
More North Carolina voters support than oppose a constitutional amendment reducing the state’s income tax to a maximum allowable rate of 7 percent, the latest Civitas Institute poll finds
 
If your taxable income is greater than $60,000, then you are at least a bit better off than the average North Carolinian. But does that make you wealthy?
If your taxable income is greater than $60,000, then you are at least a bit better off than the average North Carolinian. But does that make you wealthy?
 
Rob Christensen, the venerable political reporter for the News & Observer, offers a future vision of North Carolina as Illinois, with out-of-control spending leading to failing government and bad credit
Rob Christensen, the venerable political reporter for the News & Observer, offers a future vision of North Carolina as Illinois, with out-of-control spending leading to failing government and bad credit
 
Legislators and policy advocates debated Tuesday in Gastonia over a proposed constitutional amendment which would lower the cap on state income tax rates from 10 to 7 percent
Legislators and policy advocates debated Tuesday in Gastonia over a proposed constitutional amendment which would lower the cap on state income tax rates from 10 to 7 percent
 
Tax reform is always a work in progress as legislators seek to raise revenue for the government without impeding the economy
Tax reform is always a work in progress as legislators seek to raise revenue for the government without impeding the economy
 
A childless married couple with $1 million in income stands to save $2,577 on its N.C. income tax bill thanks to changes that will take effect in 2019.
A childless married couple with $1 million in income stands to save $2,577 on its N.C. income tax bill thanks to changes that will take effect in 2019.
 
This November, North Carolina voters will decide on a constitutional amendment to lower the state's income tax cap from 10 percent to 7 percent
This November, North Carolina voters will decide on a constitutional amendment to lower the state's income tax cap from 10 percent to 7 percent
 
The N.C. Senate followed the House's lead Monday, Aug. 27, as it voted along party lines to address court concerns and pass a pair of proposed constitutional amendments
The N.C. Senate followed the House's lead Monday, Aug. 27, as it voted along party lines to address court concerns and pass a pair of proposed constitutional amendments
 
Environmental concerns are real and warranted, particularly when it comes to public health
Environmental concerns are real and warranted, particularly when it comes to public health
 
It's wrong to suggest a proposed state constitutional amendment would block North Carolina from adopting a system of graduated tax rates
It's wrong to suggest a proposed state constitutional amendment would block North Carolina from adopting a system of graduated tax rates
 
If there's a universe in which lowering the cap on North Carolina's income tax rate amounts to a "tax cut only for the wealthy," our universe's rules of mathematics - and language - must not apply
If there's a universe in which lowering the cap on North Carolina's income tax rate amounts to a "tax cut only for the wealthy," our universe's rules of mathematics - and language - must not apply
 
Would North Carolina be a better place without an income tax? A recent Bankrate.com article compared the nine states that forgo broad-based personal income taxes with the rest of the country on economy, population, and jobs
Would North Carolina be a better place without an income tax? A recent Bankrate.com article compared the nine states that forgo broad-based personal income taxes with the rest of the country on economy, population, and jobs
 
I'd have structured it a bit differently and combined it with budget cuts. But even as is, the federal tax reform enacted by Congress and signed by President Trump will enhance economic growth for the nation as a whole, and for North Carolina in particular
I'd have structured it a bit differently and combined it with budget cuts. But even as is, the federal tax reform enacted by Congress and signed by President Trump will enhance economic growth for the nation as a whole, and for North Carolina in particular
 
While Gov. Roy Cooper toured the halls of Stough Elementary School in Wake County, he criticized legislators for failing to put a nearly $2 billion school construction bond on the November ballot
While Gov. Roy Cooper toured the halls of Stough Elementary School in Wake County, he criticized legislators for failing to put a nearly $2 billion school construction bond on the November ballot
 
It's common for the N.C. General Assembly to end legislative sessions amid a flurry of last-minute filings and maneuvering
It's common for the N.C. General Assembly to end legislative sessions amid a flurry of last-minute filings and maneuvering
 
The Republican-led General Assembly seemed poised to cut the top income-tax rate the state can charge, but the House and Senate can't agree on what that rate should be
The Republican-led General Assembly seemed poised to cut the top income-tax rate the state can charge, but the House and Senate can't agree on what that rate should be
 
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