Tax Foundation says N.C. would rank No. 32 in impact from ‘fiscal cliff’

North Carolina would rank near the middle of the 50 states — No. 32 — in negative tax impact from the pending federal  policy changes dubbed the “fiscal cliff.” That’s according to a new Tax Foundation analysis.

The analysis projects a 4.79 percent increase in taxes as a percentage of income for a four-person family with the state’s median income of $63,665. That compares with a 6.82 percent increase in New Jersey — which earns the dubious No. 1 ranking — and 4.12 percent for lowest-ranked Washington state. The Tax Foundation calculates the U.S. median at 4.32 percent.