North Carolina Imposes New Taxes To Fund New Tax Cuts For The Rich
- 5 years ago
Fresh shots have been fired in North Carolina's Republican-led class war.
Last week, North Carolina's Republican legislature and Republican governor agreed to once again lower the state's income tax rate, this time from 5.7 percent to 5.49 percent – making it the state's lowest income tax rate in 100 years. According to local think tank NC Policy Watch, the new income tax rates mean that those earning $20,000 will actually pay an average of $7 more per year. The middle class – those making between $34,000 and $57,000 a year – will save an average of $44. And the top 1 percent of North Carolinians who make over $423,000 a year will save an average of $1,815.
Full story: http://www.truth-out.org/news/item/33151-north-carolina-imposes-new-taxes-on-car-and-appliance-repairs-to-fund-new-tax-cuts-for-the-rich
SUBSCRIBE
http://www.youtube.com/MikeMalloyVideo
PLEASE SUPPORT THE MIKE MALLOY YOUTUBE CHANNEL
http://tinyurl.com/MalloyChannelDonations
Last week, North Carolina's Republican legislature and Republican governor agreed to once again lower the state's income tax rate, this time from 5.7 percent to 5.49 percent – making it the state's lowest income tax rate in 100 years. According to local think tank NC Policy Watch, the new income tax rates mean that those earning $20,000 will actually pay an average of $7 more per year. The middle class – those making between $34,000 and $57,000 a year – will save an average of $44. And the top 1 percent of North Carolinians who make over $423,000 a year will save an average of $1,815.
Full story: http://www.truth-out.org/news/item/33151-north-carolina-imposes-new-taxes-on-car-and-appliance-repairs-to-fund-new-tax-cuts-for-the-rich
SUBSCRIBE
http://www.youtube.com/MikeMalloyVideo
PLEASE SUPPORT THE MIKE MALLOY YOUTUBE CHANNEL
http://tinyurl.com/MalloyChannelDonations