The North Carolina Senate is moving ahead yet again – perhaps as early as this afternoon – with a new proposal to further reduce state taxes and the revenues they…
BTC’s analysis of SB 325 uses a more robust model developed by the Institute on Taxation and Economic Policy (ITEP), a non-profit, non-partisan organization. ITEP’s microsimulation tax model calculates tax…
When businesses pay their share of taxes, North Carolina is able to invest in the things that build thriving communities and a prosperous economy – things like good schools, roads,…
A great deal of confusion abounds in discussions about state personal income tax rates and how they apply to income. This policy basic clarifies the difference between marginal and effective…
Senate leaders continue to pursue reductions to the income tax rate for wealthy taxpayers and profitable corporations even as they claim to be focused on helping low- and moderate-income taxpayers.…
Tax changes passed in the 2016 legislative session reduced the income tax rate and increased reliance on the sales tax. This continued flawed approach to taxation that policymakers have followed…
“The economic challenges that face North Carolina families were front and center in 2016. North Carolina wrestled with the disconnect between political rhetoric and everyday reality this election year, thanks…
“According to the Institute on Taxation and Economic Policy, low-income North Carolinians pay nearly twice the share of their income in taxes as our state’s richest residents. Reinstating the EITC…
“A 2015 study from the liberal groups Institute on Taxation and Economic Policy (ITEP) and The Budget & Tax Center found that the bottom 20 percent of North Carolinians paid…
“Indeed, the nonpartisan Institute on Taxation and Economic Policy concluded in a 2013 report that ‘tax incentives are rarely the deciding factor in whether a business chooses to hire or…
“That’s because the most obvious new revenue stream would be a sales tax increase or expansion, which hits lower-income families the hardest, as they spend a larger portion of their…
“Efforts to rely more on the state sales tax and less on the income tax to support public services have shifted tax obligations to less affluent North Carolinians, while saving…
Low- and middle-income taxpayers in North Carolina pay a larger share of their income in state and local taxes than the wealthiest taxpayers in the state. This inequity in…
“In the public debates over federal immigration reform, sufficient and accurate information about the tax contributions of undocumented immigrants is often lacking, said an April 2 report from the Institute…
North Carolina policymakers have proposed another round of income tax cuts on top of those they passed in 2013. Senate Bill 526 would cost at least $1.4 billion by 2017,…
A suite of severe changes to the state constitution laid out in Senate Bill 607 would undermine the foundations of the North Carolina economy and make our current challenges much…
The budget North Carolina will live under through June of 2017 will sharply constrain the state’s ability to make public investments crucial to promoting widespread prosperity and a growing economy.…
It is too generous to call the new state budget a spending plan. It is a spending reaction. Leaders should have a plan, a goal. This is a budget drawn…
According to the Institute on Taxation and Economic Policy, “The personal income tax can be – and usually is – the fairest of the main revenue sources relied on by…
If shoppers are simply shifting their spending to save on taxes, that means the states are losing revenue. That’s certainly the position of the Institute on Taxation and Economic Policy,…
Colorado has struggled with its TABOR, with declines in the percentage it has spent on education, including secondary and elementary schools, and on higher education. Colorado declined from 35th to…
Research by the nonpartisan Institute on Taxation and Economic Policy contends that increased sales during the tax holidays “have been shown to be primarily the result of consumers’ shifting the…
Research by the nonpartisan Institute on Taxation and Economic Policy, however, contends that increased sales during the tax holidays “have been shown to be primarily the result of consumers’ shifting…
As states from Connecticut to California scramble to find money to fix crumbling highways, Congress once again is expected this week to put a short-term patch on the nearly insolvent…
