North Carolina Budget and Tax Center: The Dead Tax Plan: Just How Regressive Would it Have Been?
ITEP Work in ActionThe proposed $1 billion compromise tax plan released the week of July 20th featured a 1-cent sales tax increase and 2% personal income tax surcharge. This plan, if enacted, would have required three times more, as a share of income, of the state’s lowest-income families than of the state’s top 1% of income-earners.