Taxes

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    This weekend on Carolina Journal Radio

    North Carolina lawmakers and law enforcement agencies are placing a new emphasis on fighting human trafficking. Rick Henderson explains how they’re pursuing that goal during the next edition of Carolina Journal Radio. Joseph Coletti examines claims that the N.C. state budget will feature a $1 billion…
    Mitch Kokai, July 21, 2017
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    Fewer taxpayers in 2019

    A new Fiscal Research Division analysis finds that increasing the standard deduction in 2019  means 230,000 more people will not owe state income taxes than in 2012, before tax reform began. Compared to this year, 95,000 more people will have no tax liability.
    Joseph Coletti, July 20, 2017
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    Still no budget crisis

    Back in April, we looked at a report on the long-term impact of the Senate’s proposed tax cut and concluded that there was no budget crisis on the horizon. A new look at the budget over the next five years means we need to reiterate the same points. A…
    Joseph Coletti, July 11, 2017
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    A border-adjustment tax update

    Joseph Lawler and David Drucker of the Washington Examiner offer an update on the controversial proposal for a federal border-adjustment tax. On June 9, appearing at the Heritage Foundation think tank, [U.S. Rep. David] Brat and his Freedom Caucus colleagues delivered a blunt message that House Speaker…
    Mitch Kokai, July 11, 2017
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    Federal welfare for poor states

    Robert Verbruggen explains at National Review Online why he opposes a proposal to dole out more federal tax money to poorer states. In the summer issue of National Affairs, Joshua T. McCabe notes that some states have higher “fiscal capacities” than others, meaning they have richer residents and…
    Mitch Kokai, July 11, 2017
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    But I thought the governor said businesses don’t pay attention to taxes

    A New York-based outfit dubbed Fit Small Business begs to differ. Danielle Chemtob reports for the Triangle Business Journal. Entrepreneurs and business owners need look no further than the Tar Heel state to set up shop — North Carolina came out on top in a new study of the…
    Mitch Kokai, July 5, 2017
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    Re: Placing tax break claims in context

    You had to wade through a relatively long Daily Journal Tuesday to reach a key piece of information about the relative N.C. income tax burdens of high-income and low-income taxpayers. To recap: Under current law, a single tax filer earning $1 million owes 132 times as much income tax…
    Mitch Kokai, June 28, 2017
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    New Carolina Journal Online features

    Will Rierson reports for Carolina Journal Online that North Carolina has the nation’s fifth-highest excise tax on spirits. The Daily Journal adds context to Democrats’ criticism of personal income tax cuts in the latest N.C. state budget.
    Mitch Kokai, June 27, 2017