Category Archives: Taxes

Education Tax Deductions on your NC Taxes explained

Since NC uses the federal AGI when calculating income taxes, each year updates must be made to adjust for any changes to the Internal Revenue Code.  Here are details of the changes to NC’s tax code via Senate Bill 20.  And while there are many provisions outlined in the law, I wanted to focus onContinue Reading

Gas tax changes = Tax Increase

Today has turned into a day of gas tax increases and corporate handouts. Beginning early Tuesday, the House Finance committee met to discuss the Senate’s proposal to change the gas tax and also discussed McCrory’s request to double the Job Development Investment Grant program. Both proposals have caused contention and some elected officials are confusedContinue Reading

About those H&R Block commercials …

Richard Pollock of the Daily Caller takes note of those now ubiquitous television commercials from H&R Block and offers some helpful background information. Get your billions back, America! (And give a bunch of it to H&R Block.) Five years ago, a bevy of high-priced H&R Block lobbyists worked on the tax preparation company’s behalf toContinue Reading

Businessweek profiles the bust which is the NASCAR Hall of Fame

Regular readers of this forum will be shocked — shocked! — to learn via the latest issue of Bloomberg Businessweek that the NASCAR Hall of Fame is a dud. Charlotte, where almost 30,000 people make a living off Nascar auto races, would seem the perfect place for a museum honoring driving legends such as RichardContinue Reading

Charlotte’s latest corporate welfare scheme

Charlotte’s latest corporate welfare scheme, approved by the city council yesterday, is $3.3 million for Frito-Lay to expand a plant.  $3.3 million for an expansion that will create 30-35 jobs over the next three years.  That’s about $100,000 per job — jobs that are expected to pay an average of $50,000 per year. And thisContinue Reading

Heritage Insider highlights importance of ‘dynamic’ analysis

Alex Adrianson of the Heritage Foundation’s “Insider Online” focuses attention on the debate surrounding dynamic, rather than static, analysis of government’s tax and spending proposals. Some tax cuts are definitely better than others, and the following chart from Scott Hodge of the Tax Foundation—based on the foundation’s own Taxes and Growth model—shows why Congress needsContinue Reading

This weekend on Carolina Journal Radio

Now that N.C. parents have access to A-F grades for their children’s public schools, the state education establishment is registering complaints. Terry Stoops assesses the new school grades and explains their usefulness for parents during the next edition of Carolina Journal Radio. Sarah Curry explains why state lawmakers made the right choice in allowing historicContinue Reading

New Carolina Journal Online features

This week’s Carolina Journal Online Friday interview features Donna Martinez’s conversation with Kory Swanson about the John Locke Foundation’s 25th anniversary year. Becki Gray’s Daily Journal takes a closer look at North Carolina’s targeted tax incentive programs.