The Transylvania Times -

Tax Shift, Not Tax Reform

 


While Gov. Pat McCrory and Republican leaders in the General Assembly are claiming their recent “historic tax reform” will put more money in the hands of North Carolinians, it’s more likely the legislation is neither true tax reform nor a benefit to most North Carolinians.

As with any tax legislation, there are winners and losers. In this case, the losers are the poor and middle class; the winners are the wealthy.

The state income tax reduction is a good example. Under this legislation, a married couple filing jointly with two children who make $40,000 a year will pay $80 less in st...



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