make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

AP Factcheck: Many pay more under new NC tax laws


Associated Press

RALEIGH, NC (AP) -- Gov. Pat McCrory and his Republican allies at the legislature have hammered home a simple message about the tax reform package they passed into law earlier this year.

On Dec. 18, McCrory said, "North Carolinians will keep more of their hard-earned money thanks to historic tax reform."

It's true that the state's income tax rate is going down for everyone in 2014. But that doesn't mean all taxpayers will actually pay less in the coming year.

Republican lawmakers allowed the state's Earned Income Tax Credit to expire and increased some sales taxes. As a result, many of the state's poorest taxpayers will pay more in the coming year.

McCrory spokeswoman Kim Genardo says that when the governor spoke of new benefits for North Carolinians, he wasn't referring to every taxpayer.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.


new taxes

What law maker decided to tax the poor?.
Where is Robin Hood when you need him...!

What you mean...

What you mean is that the people who haven't paid taxes for the last ten years are now going to have to start paying. About time!


The only thing that bothers me about this is that in spite of all the revenues that will be coming in from increased numbers of taxable items and services, the state is apparently STILL looking for more revenues according to some recent news stories.
Bill you are partially right - the poor pay less in INCOME taxes for sure but everyone who spends ANYTHING does pay through sales taxes.
So - lets even the playing field.
Tax all stock and bond transactions and tax internet sales as well.
Fair enough?