income tax code

A lot has been written about the proposals being made by leftist politicians like Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders to add a new top rate of 70-80 percent…

The state legislature is currently considering the idea of "decoupling" North Carolina's income tax code from the federal tax code in order to avoid implementation of several tax reductions associated with a federal economic-stimulus package. But North Carolina's weakened economy desperately needs the $258 million boost that adjusting state taxes on business and personal investment would provide. Policymakers could offset any revenue loss by reducing spending.