Wednesday, January 23, 2013

NCGA join the National GOP on taxing the poor and letting the Rich off with big Tax Breaks

The new tax plan is most generous to the wealthiest North Carolinians while raising taxes on middle-income households, the BTC report said. If implemented, a family earning $24,000 a year would see its taxes rise by $500 under the new tax plan, while one earning $1 million would get a $41,000 break. The wealthiest 20 percent of taxpayers will receive a significant tax cut – a cut paid for by shifting the tax load to 60 percent of the state’s taxpayers, primarily middle class and low-income households.

Read more here..


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