Taxes

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    New Carolina Journal Online features

    Julie Havlak reports for Carolina Journal Online that tariffs and trade battles could increase the price tag for North Carolina as it rebuilds from Hurricane Florence. The Daily Journal explains that North Carolina’s leaders have rejected a political philosophy that calls for tax hikes during times of natural…
    Mitch Kokai, September 25, 2018
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    Highway Fund Diversions: Not Too Bad in North Carolina

    In a recent post at Cato.org, Chris Edwards discusses a U.S. Department of Transportation report detailing the “Disposition Of State Highway-User Revenues.” Edwards provides a table showing the rate of diversion in all 50 states. According to the table, 12% of North Carolina highway funds get diverted to…
    Jon Guze, September 20, 2018
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    Daily Journal: Are taxes fair in North Carolina

    John Hood writes for Carolina Journal’s Daily Journal: Wealthy North Carolinians pay a higher share of their incomes in taxes than do middle-income North Carolinians, who in turn have a higher effective tax rate than the poor. For the sake of argument, I’m using calculations from the Institute for…
    Anna Manning, September 10, 2018
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    Value-added taxes and bigger government

    Dan Mitchell writes in his International Liberty blog about the links between value-added taxes and larger government. The value-added tax was first imposed in Europe starting about 50 years ago. Politicians in nations like France approve of this tax because it is generally hidden, so it is relatively…
    Mitch Kokai, September 10, 2018
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    New Carolina Journal Online features

    John Trump reports for Carolina Journal Online on efforts to change North Carolina’s alcoholic beverage regulations. John Hood’s Daily Journal assesses the fairness of North Carolina’s tax system.
    Mitch Kokai, September 10, 2018
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    Cato tackles tax reform and interstate migration

    The libertarian Cato Institute tackles the links between tax reform and interstate migration in this new report. Chris Edwards of Cato offers a brief teaser: The 2017 tax reform law increased the state/local tax pain of living in a high-tax state for millions of people. Will the law…
    Mitch Kokai, September 7, 2018
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    Entitlements always expand

    Get paid now to take parental leave in exchange for deferring Social Security payments later. It sounds like a simple and “budget neutral” to help women earn more in their careers while getting their children off to a good start. Kristin Shapiro, Andrew Biggs, and others have argued on…
    Joseph Coletti, September 5, 2018
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    North Carolina tax revenues less volatile than most

    North Carolina’s tax revenue is about average, after adjusting for tax policy changes, according to a Pew Charitable Trusts comparison of major sources of state revenue. For North Carolina, this means the personal income tax, motor fuels tax, and the sales tax, but not the corporate income tax.
    Joseph Coletti, September 4, 2018