Tax Foundation

  • Post

    Tax Foundation Comparison Offers New Ammo For Tax Reformers

    The folks at the Tax Foundation just released their annual International Tax Competitiveness Index, giving conservatives and entrepreneurs new ammunition in their call to reform and streamline the U.S. tax code. The United States ranked 30th of the 35 nations in the Organization for Economic Cooperation and Development, with…
    Rick Henderson, October 31, 2017
  • Post

    NC’s Tax Ranking moves to #15

    Every year the Tax Foundation publishes the State Business Tax Climate Index that allows taxpayers, businesses and policymakers an easy comparison of how their state’s tax systems relate. This ranking of the states is based on tax policy, and has been very important in North Carolina over the last…
    Sarah Curry, November 17, 2015
  • Post

    2016 State Business Tax Climate Index

    States with the most competitive business tax systems according to the Tax Foundation‘s most recent State Business Tax Climate Index. So what do the top ten tanked states have that North Carolina doesn’t? Property taxes and unemployment insurance taxes are levied in every state, but…
    Sarah Curry, November 17, 2015
  • Post

    NC’s Corporate tax could be lowest east of the Mississippi

    In this year’s budget, the corporate income tax was lowered from 5 percent to 4 percent, but legislators made a key change to the calculation of the tax. Historically, North Carolina calculated its corporate income tax on a mix of property, payroll, and sales variables. Now the state will implement…
    Sarah Curry, September 21, 2015
  • Post

    Tax Foundation comments on NC’s tax changes in state budget

    The Tax Foundation, a Washington D.C. based non-partisan think tank, has commented on the tax changes found in North Carolina’s state budget that has been sent to the Governor’s desk and is awaiting his signature. Here is their summary of the tax changes and economic development items in…
    Sarah Curry, September 18, 2015
  • Post

    Michigan removes film incentives….NC should follow

    Picking winners and losers using incentives is never a good idea for governments, especially film incentives.  Unfortunately, film incentives are still on the table for the NC budget, but maybe NC lawmakers should take the lead from Michigan. Last week, Michigan Rick Snyder signed the law ending Michigan’s film incentives…
    Sarah Curry, July 20, 2015
  • Post

    Your dollar goes farther in NC than other states

    A map from the Tax Foundation shows the value of $100 in each of the fifty states.  In North Carolina it is worth $109.05.  To read more about this and how they came up with these values, click here.
    Sarah Curry, July 8, 2015