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North Carolina next to get rid of state income tax?

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Posted

Maybe you don't ever go to the Drudge Report like you say, but this was also just on the Drudge Report.

 

As far as the tax cuts go, great.  Good for them.  As long as they provide enough cuts to programs to cover the 600 million they have already cut in taxes plus these new cuts in taxes and don't further inhibit the progress this state has made which has made it one of the best places to live in the United States for the last 20 or so years.

 

I'm not sure that is possible, and more likely they won't make any real cuts and just cut taxes because it is good for elections even though it is bad for the State.

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Posted

I don't think I would support doing away with income tax entirely.  But I would like to see more user fees.  I would especially like to see I95 and i85 become toll roads in order to get back some of the money we spend when we travel north.

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Posted

95 in particular, its 80 percent NY to FLA

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Posted

"...don't further inhibit the progress this state has made which has made it one of the best places to live in the United States for the last 20 or so years...."

Any progress made has been effectively demolished by McCrory in the last several months.  Now, with the second highest unemployment rate in the country, much of it along the I-95 corridor, some of the highest state taxes in the country, among the highest gas taxes in the country and ridiculous insurance rates...

 

I lived in NC from 1993-2000 and we've recently moved back to NC from Virginia after a 13 year absence. Gas is higher, grocery costs much higher, insurance is crazy and property taxes easily triple what I paid in VA. Fug NC, but we're stuck here for at least 3 years...

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Posted

"...don't further inhibit the progress this state has made which has made it one of the best places to live in the United States for the last 20 or so years...."

Any progress made has been effectively demolished by McCrory in the last several months.  Now, with the second highest unemployment rate in the country, much of it along the I-95 corridor, some of the highest state taxes in the country, among the highest gas taxes in the country and ridiculous insurance rates...

 

I lived in NC from 1993-2000 and we've recently moved back to NC from Virginia after a 13 year absence. Gas is higher, grocery costs much higher, insurance is crazy and property taxes easily triple what I paid in VA. Fug NC, but we're stuck here for at least 3 years...

 

 

So the plan is drop income tax.

 

Surely the gas tax, sales tax and property taxes will automatically drop as well.

 

This is crazy but the idea will get a lot of votes.

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Posted

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I just don't know how they plan to make up for dropping it.

 

No income tax can work in a place like Texas or Alaska where they have immense mineral wealth. Or places like Nevada and Florida where they get a ton of money from tourism taxes.

 

Not really sure how Wyoming and South Dakota make it work though. Being two of the least populated states might be a reason it can work though. Not really very knowledgeable about their tax system.

 

We don't have much in the way of natural resources in NC and while we have a healthy tourism industry, we don't have anything like Florida or the gambling industry in Nevada.

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Posted

consumption tax?

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Posted

You've already created a consumption tax on food which moves the tax burden to the poor and middle class just to give the wealthy a tax cut.

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Posted

Because the wealthy don't eat...or eat higher priced items.

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"...don't further inhibit the progress this state has made which has made it one of the best places to live in the United States for the last 20 or so years...."

Any progress made has been effectively demolished by McCrory in the last several months.  Now, with the second highest unemployment rate in the country, much of it along the I-95 corridor, some of the highest state taxes in the country, among the highest gas taxes in the country and ridiculous insurance rates...

 

I lived in NC from 1993-2000 and we've recently moved back to NC from Virginia after a 13 year absence. Gas is higher, grocery costs much higher, insurance is crazy and property taxes easily triple what I paid in VA. Fug NC, but we're stuck here for at least 3 years...

 Please make every effort to leave as soon as possible.

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