sales taxes

Other states have begun to worry about the coronavirus shutdown’s impact on their economies and state government finances. Energy producing states like Colorado and Texas must deal with plummeting…

Our budget stalemate may have an unexpected and unintended benefit. Because the General Assembly and Gov. Roy Cooper could not agree on a new budget, state government has been operating…

Would North Carolina be a better place without an income tax? A recent Bankrate.com article compared the nine states that forgo broad-based personal income taxes with the rest of…

As one way of closing the state's ever-widening budget gap, Senate leader Marc Basnight has suggested that the state consider requiring retailers to pay sales taxes by electronic fund transfer rather than by check, thus allowing the state to collect additional interest on the money. This would constitute a hidden but costly tax increase on North Carolina businesses hobbling the state's economy as it slips towards a possible recession. Far better ways to close the gap exist.