capital gains

On many different occasions, I have argued that, from an economics perspective, North Carolina should abolish its tax on capital gains. But leaving economic analysis aside, assuming that…

Americans spent 2.6 percent more on goods and services after adjusting for inflation in the three months through June than in the same period a year ago, but…

RALEIGH — North Carolina policymakers should boost entrepreneurship and economic growth by focusing their next round of tax reform on capital gains. That’s the recommendation in a new John Locke…

How North Carolina double taxes capital gains and what to do about it

North Carolina’s tax code penalizes savings and investment by double taxing their returns— specifically interest, dividends, and capital gains. These biases can only be eliminated by removing savings and investment from the tax base, or by eliminating the returns to saving; for example abolishing the taxation of capital gains.

RALEIGH — As President Bush prepares to announce his $600 billion economic-growth package today at the Chicago Economic Club, local economists are pointing to proposed changes in the taxation of…

Gov. Easley's new incentives proposal would put political appointees into the position of doling out special tax breaks that amount to grants of taxpayer money to private businesses. Because of the unpredictable nature of a free-market economy, such a policy cannot claim to boost overall economic growth. A better policy would be to reduce North Carolina sky-high marginal tax rates on personal income, investment, and capital gains - which are among the highest in the country.