edmclen | Indy Week

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Re: “Make state taxes fair (or fair-er, anyway): What Perdue could've done

You can see how North Carolina's state and local tax system (not counting the temporary tax package) affects households of different income levels on the website of the Institute of Taxation and Economic Policy:

Posted by edmclen on 02/23/2011 at 11:09 AM

Re: “Make state taxes fair (or fair-er, anyway): What Perdue could've done

Mel B, North Carolina's income tax is actually relatively progressive (families whose incomes put them in the bottom fifth pay about 1 percent of their income in state income taxes; those in the top fifth pay between 4.7 and 5.6 percent [not counting the federal deduction they get for state income taxes]).

The reason for making the state income tax more progressive is that it's currently insufficiently progressive to compensate for the extreme regressivity of the state and local sales and excise taxes that make up more than a third of all state and local revenue.

Posted by edmclen on 02/23/2011 at 11:07 AM

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