Displaying items by tag: taxes

The State of North Carolina should fully conform with all taxpayer relief provisions associated with the Federal CARES Act Pandemic Relief Package. This is especially important for the tax treatment of Paycheck Protection Program loans. 

RALEIGH — The state budget may be spared economists’ worst fears from the COVID pandemic, according to a new tax revenue forecast.

RALEIGH — A recent examination by the Tax Foundation shows North Carolina’s high net migration rate may be due to its friendly tax climate.

With Democrats in charge of the White House, and U.S. House, and (possibly as of this writing) the U.S. Senate, you can expect a push by left-wing activists and politicians to repeal some federal tax cuts enacted by the previously Republican Congress and signed by President Trump.

When Democrats attack pro-growth tax reform as “trickle-down economics,” I can understand their rhetorical intent. But the charge is silly on multiple levels — including the fact that every Democrat who ever serves in state or local office spends great time and effort to try to recruit business executives, entrepreneurs, investors, and high-value professionals to their communities.

As of November, North Carolina’s state government has some $4 billion in unreserved cash in its General Fund, plus well north of $1 billion in its rainy-day account and other reserves.

A federal grand jury in Greensboro, North Carolina, returned an indictment (Tuesday), charging a North Carolina couple with federal employment tax and individual income tax violations. 

RALEIGH — Taxes and employee benefits are at the center of the race for N.C. treasurer.

ROCKINGHAM — Richmond County is losing out on a huge chunk of tax revenue following a new valuation of a utility company's property by the state .

RALEIGH — An executive order giving people a break on utility payments threw local governments across North Carolina into financial havoc.