taxes

Click here to view and here to listen to Dr. Roy Cordato discussing this Spotlight report. RALEIGH — North Carolina should scrap its “hidden, dishonest, deceptive” corporate income…

North Carolina's corporate income tax should be repealed, not reformed. It violates all basic principles of sound economic policy and open government. It not only imposes a second and even a third layer taxation on many people’s incomes, but it is hidden, dishonest, and inconsistent with informed decision making in a free and democratic society.

RALEIGH — After raising property taxes by $1 million and increasing county revenues by $1.7 million between 2009 and 2010, Montgomery County commissioners are asking voters to dip into their…

Montgomery County commissioners have raised the property tax by nine cents over the last three years, from 58 cents to 67 cents per $100 valuation — a 15.5 percent increase. Now the commissioners want voters to approve a quarter-cent sales-tax increase worth an estimated $250,000.

RALEIGH — Buncombe County commissioners and the local community college president are trying to “hoodwink” voters into endorsing a sales-tax hike with an offer that’s too good to be true.

Buncombe County commissioners seek voter approval of a sales-tax hike, promising that the $7 million that would be raised would be given to AB Tech for a new building and renovations,. The funds would go into the county’s general fund, however and could be spent on any legal purpose.

RALEIGH — The General Assembly’s no-tax-hike budget sets North Carolina state government on a more sustainable course than the one Gov. Beverly Perdue and her allies supported. The John Locke…

The General Assembly's no-tax-hike budget sets North Carolina state government on a more sustainable course than the one Gov. Beverly Perdue and her allies supported. It avoids an $850 million tax increase Gov. Bev Perdue sought, which means $200 less in taxes per household. General Fund spending totals $19.5 billion, two percent less than Gov. Perdue's original, $19.9 billion proposal.

Commissioners of debt-ridden Cabarrus County want taxpayers to bail them out by approving a quarter-cent sales tax increase on May 17. If the voters do not approve the tax increase, commissioners threaten to hit them with a 2.2-cent property tax increase.

RALEIGH — After saddling county taxpayers with a mountain of debt, Cabarrus County commissioners want those same taxpayers to bail county government out of its problems. That’s how a new…