May 21, 2015

The News&Observer: Ending Privilege Tax Drives up Property Taxes

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The supposed “historic” tax cut of 2013 actually resulted in a tax code under which the average taxpayer in the bottom 80 percent of the income distribution now pays more in state and local taxes, according to the Institute on Taxation and Economic Policy.

The “cut” in the gas tax actually eliminated a larger automatic cut under the existing gas tax formula.

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Read more here: http://www.newsobserver.com/opinion/editorials/article21519834.html#storylink=cpy


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