• John Locke Update

    Restore the SALT deduction

    posted January 30, 2020 by Dr. Roy Cordato
    In the shadow of their impeachment vote last month, the U.S. House of Representatives voted on and passed a bill that got few headlines, primarily because it will likely go…
  • John Locke Update

    Ocasio-Cortez, Sanders, and the Tax Rate Ruse

    posted March 28, 2019 by Dr. Roy Cordato
    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…
  • Research Report

    North Carolina Budget Fiscal Year 2018-19

    posted August 2, 2018 by Joseph Coletti
    Overview For a second straight year, state legislators overrode Gov. Roy Cooper’s veto to enact a state budget. The $23.9 billion General Fund budget for Fiscal Year 2018-19 is 3.85…
  • Research Report

    More to do on tax reform: Changing how business expenses are deducted

    posted November 29, 2015 by Dr. Roy Cordato
    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.

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