One who intends to leave others better off for his having existed.

12/30/13

The state of North Carolina, not unlike Greensboro's "incentives", will now take from the poor to give to the rich as well

"According to a recent analysis by the legislature's own Fiscal Research Division, a married couple with two children making $20,000 a year will go from receiving a $222 tax rebate in 2013 to owing $40 next year, a net swing of $262.

At the other end of the income scale, a married couple with two children making $250,000 will get a $2,318 tax cut in 2014, according to the analysis.

...80 percent of North Carolinians will pay more in total state taxes in 2014 than under the 2013 system. Those paying substantially less are concentrated in the upper 20 percent of income earners.

...the top 1 percent of taxpayers will reap two-thirds of the state's net tax cuts — awarding an outsized boost to those already earning $940,000 a year or more."

http://www.news-record.com/news/article_d18c027a-7151-11e3-9c0a-0019bb30f31a.html

No comments: