The Transylvania Times -

State Taxes To Increase For Many


If they haven’t already, North Carolinians should see a little more take-home pay when they receive their paychecks this month due to a decrease in the state income tax. Last year Gov. McCrory and Republicans in the General Assembly passed legislation that replaces the state’s formerly progressive income tax structure with a flat tax rate and decreases income taxes to 5.8 percent. They also reduced the corporate income tax and eliminated the estate tax.

But the state has to compensate for these decreases in taxes that will primarily benefit the state’s wealthiest residents. (The Nort...

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