Taxes (page 217)

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    DPI on state education budget trends, 1994 to 2012

    The NC Department of Public Instruction released their annual “Highlights of the North Carolina Public School Budget” document.  It provides very good summaries of public education finance with a particular focus on state and federal revenue. As the chart below indicates, total state education funding, in nominal terms,…
    Terry Stoops, March 2, 2012
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    Charlotte meals tax ranks No. 14 among nation’s 50 largest cities

    Eat a meal in one of the nation’s 50 largest cities, and you’ll get charged the highest combined sales and meals tax in Minneapolis (10.775 percent). Charlotte’s tax rate (9 percent) ties for No. 14 in a ranking of those large cities. Raleigh (7.75 percent) ties for No. 37. That’s…
    Mitch Kokai, March 2, 2012
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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online about the link between a proposed downtown Raleigh transit hub and a proposed half-cent sales tax increase. John Hood’s Daily Journal offers observations about the week’s key 2012 election developments.
    Mitch Kokai, March 1, 2012
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    Barone searches for the source of support for higher taxes

    Michael Barone‘s latest Washington Examiner column asks: Why do young liberal bloggers “seem to invest so much psychic energy” into the issue of raising tax rates? Some of this may just be team ball: You cheer when your side puts up numbers on the…
    Mitch Kokai, February 29, 2012
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    New Carolina Journal Online features

    Carolina Journal Online reports this morning on the John Locke Foundation’s latest By The Numbers report ranking N.C. cities and counties by their local government tax-and-fee burdens. John Hood’s Daily Journal explores an episode from ancient Chinese history that has continuing relevance today.
    Mitch Kokai, February 29, 2012
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    JLF releases annual By The Numbers report ranking N.C. cities and counties by tax and fee burden

    Charlotte tops the list again this year as the John Locke Foundation ranks North Carolina’s larger cities based on their local government tax-and-fee burden. While the Queen City is one of five in the large-size category that take more than $2,000 each year per person from local residents, the average…
    Mitch Kokai, February 28, 2012
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    The benefits of eliminating the corporate income tax

    In critiquing President Obama’s corporate tax proposals, Barron’s editorial page editor Thomas G. Donlan offers (subscriber link) a recommendation that should be familiar to Locker Room readers. Lower rates, while a step in the right direction, are insufficient. Closing “loopholes” is also a step…
    Mitch Kokai, February 27, 2012
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    Obama: Hey, Jesus, about that Buffett Rule parable? Never mind.

    Earlier this month Pres. Obama gave the annual prayer breakfast a highly edited snippet from Jesus’ parable in Luke — namely, 19:26b: “I tell you that to everyone who has, more will be given, but as for the one who has nothing, even what they have will be taken away”…
    Jon Sanders, February 22, 2012