Mountain Express: Low-income taxpayers pay nearly twice the rate of high-income taxpayers in NC
media mention“According to a study from the The Institute on Taxation and Economic Policy and the Budget & Tax Center, North Carolinians with the lowest income pay more than 40 percent more in taxes (as a percent of their income) compared to the state’s wealthiest residents.
The ITEP even calls the state and local tax system “unfair,” ranking North Carolina as number 31 on the list of states with the “most unfair tax systems” in the country. The study bases this, in part, on the number of regressive tax structures in place.”