Category Archives: Taxes
According to a new book published by the Organization for Economic Cooperation and Development (OECD), the United States had the same percentage of low-performing 15-year-olds on international reading and math tests in 2012 than it did in 2003. On the bright side, there was a 6 percentage point decrease in low-performing science students. According toContinue Reading
Rick Henderson reports for Carolina Journal Online on the state’s appeal to the U.S. Supreme Court to block a lower court’s ruling throwing out two North Carolina congressional districts for the March 15 election. John Hood’s Daily Journal explains how tax cuts enacted in North Carolina since 2011 have saved taxpayers billions of dollars.
1. Regardless of whether the Panthers win or lose the big game on Sunday, ticket prices will go up next year. 2. In the wake of the Carolina Panthers’ success this year, the issue of a long-term stadium deal will come up again soon. The Panthers, not the city, owns the stadium the team playsContinue Reading
Peter Coy of Bloomberg Businessweek describes a recent controversy that could impact the future of taxation at the state government level. On Dec. 31 the California Supreme Court issued a ruling weakening one of the most important interstate compacts, a 49-year-old agreement known as the Multistate Tax Compact (MTC). The ruling, some experts say, mightContinue Reading
The John Locke Foundation is joining state-level free-market think tanks from across the country in registering formal objections to the Obama administration’s proposed Clean Power Plan. Becki Gray explains why in the next edition of Carolina Journal Radio. Wake Forest University professor Jim Otteson critiques socialism, and Patrick Gleason of Americans for Tax Reform discussesContinue Reading
Pete Kasperowicz of the Washington Examiner reports Americans have become much less interested in helping bail out Uncle Sam. Suddenly, U.S. taxpayers don’t seem to be in such a giving mood anymore. Taxpayers in recent years have voluntarily given the federal government a few million dollars a year to reduce the huge national debt. ButContinue Reading
If you’ve ever been targeted for a tax audit — or shudder at the prospect — you’ll want to read Joe Schoffstall‘s latest contribution to the Washington Free Beacon. The Internal Revenue Service targets individual taxpayers and corporations for audits at higher rates when Democrats are in control of the White House, according to aContinue Reading