Category Archives: Taxes

This weekend on Carolina Journal Radio

The bureaucrats who run North Carolina’s Department of Public Instruction warned this summer about the negative impact of proposed DPI budget cuts. Now that the cuts have come to pass, Terry Stoops says the impact involves little more than eliminating vacant jobs. Stoops discusses DPI’s budget during the next edition of Carolina Journal Radio. SarahContinue Reading

10 Sales Tax Referendums on the Ballot

  Anson County has only had a sales tax increase on its ballot one time prior, and that was in 2008. The decision to be placed on the ballot passed the county commission 7-0. The estimated $300,000 in revenue will be used for increased teacher supplements. Education makes up 15% of the county’s total expenditures,Continue Reading

Guilford Sales tax hike expected to fail

According to a poll by Americans for Prosperity North Carolina, 50% oppose and only 37% support for increasing Guilford County’s sales tax.  Counties have the option to vote for a quarter-cent increase to their already 2% local sales tax rate.  This November is the fourth time Guilford County will have this tax increase on the ballot,Continue Reading

Even left-leaning states are getting sick of higher taxes?

S.A. Miller of the Washington Times reports some Republican gubernatorial candidates are gaining ground in solid blue states because of concerns about high tax rates. They call it “crushing the middle class” or “the big squeeze” or just plain “irresponsible.” Regardless of the description they use, Republican candidates for governor in some of the DemocraticContinue Reading

Tax Foundation ranks N.C. No. 16 (one rank higher than earlier projections)

As promised when the N.C. General Assembly approved its sweeping tax reform package in 2013, the positive changes have helped North Carolina leap up the list in the Tax Foundation’s State Business Tax Climate Index. The Tax Foundation had predicted that the changes would move North Carolina from No. 44 to No. 17. Now thatContinue Reading

A good way to stop corporate inversions

Alex Adrianson of the Heritage Foundation’s “Insider Online” explores one method that’s likely to reduce the incidence of corporate tax inversions. The Obama Treasury Department is trying to stem a wave of “corporate inversions” with new rules that limit the benefits of the practice. “Inversion” is the term for the practice of restructuring a companyContinue Reading

British historian Johnson worries his own country might follow France’s lead

Historian Paul Johnson‘s latest column for Forbes spells out some key problems plaguing France. Johnson worries his home country might follow suit in the not-too-distant future. AT PRESENT FRANCE IS a good example of how not to run a country. President François Hollande says he’s a socialist, but he has an upper-class lifestyle and refersContinue Reading

How High is NC’s Gas Tax? and why….

How high is the gas tax in North Carolina?  Well, for starters, lets go back to 1980 when the tax was only 9 cents per gallon.  If we adjust that for inflation, that is 26 cents today. Today the state’s gasoline tax is 36.5 cents per gallon.  The difference between 1980 and today in realContinue Reading