Category Archives: Taxes
Chris Edwards of the Cato Institute highlights some positive news from our neighbors to the North. A tax reform is spurring a savings revolution in Canada. Amity Shlaes and I wrote about Canada’s Tax-Free Savings Accounts (TFSAs) in the Wall Street Journal in August. We think that such accounts would be a fantastic policy reformContinue Reading
With all of the recent debate about reducing health care costs, there’s been little discussion about opening up competition by scrapping the state’s certificate-of-need law. Katherine Restrepo analyzes North Carolina’s CON restrictions during the next edition of Carolina Journal Radio. Sarah Curry discusses two key N.C. government revenue sources: the state lottery and local propertyContinue Reading
Perhaps some of the late U.S. Sen. Jesse Helms’ fiscal conservatism rubbed off on his buddy Bono. How else might one explain the U2 singer’s apparent understanding of the impact of corporate tax rates, as documented by the Washington Free Beacon? U2 frontman Bono defended Ireland’s lowest-in-the-world corporate tax rate as a boon for theContinue Reading
The Tax Foundation has released a report on wireless taxation across America, and North Carolina is the 33rd highest. Below is the detailed information about North Carolina. Wireless State-Local Rate Federal USF Rate Combined Federal/State/Local Rate 8.46% 5.82% 14.28% If you want to read more, you can check out the entire report here.
This week’s Carolina Journal Online Friday interview features a conversation with Duke University research scholar Chris Conover about the overstated risks for people without health insurance. Sarah Curry’s Daily Journal examines the N.C. counties seeking voter support this fall for sales tax increases.
There are seven counties with quarter-cent increases to their sales taxes on the ballot in November. For Ashe County, this will be the first time on the ballot. While many local governments claim they will collect the tax for a specific purpose, that is not permissible by law. Any revenue generated from the local-option, quarter-centContinue Reading
The latest news from the Congressional Budget Office (CBO) is that while government spending is up, government revenues (by 9 percent) are up and taxes are up, the deficit is down. In fact, it is down to levels not seen since George Bush left office (2007-2008). So now Barack Obama can say that his performanceContinue Reading
North Carolina state law mandates a revaluation of property every eight years, although many counties have decided to revaluate on a more frequent basis. Catawba County has adopted a four-year revaluation cycle and the last revaluation was in 2011. The new revaluation will become effective Jan. 1, 2015. Properties appreciate and depreciate in value dependingContinue Reading