Uncategorized

NC business taxes lowest in nation (again)

The Council on State Taxation and Ernst and Young accounting firm just released their annual analysis of state tax burdens on business. Ranking last, i.e. having the lowest taxes on business, is our own home state of North Carolina. That’s right. NC’s state and local taxes paid by businesses represent 3.5% of total Gross State Product which ties our state with Oregon for the lowest taxes on business. The analysis certainly isn’t perfect. A good argument can be made that it actually overstates the share of state and local taxes that are paid by businesses and that it understates the benefits to businesses of some types of government spending (educating current and future workers, administering the courts, etc.). Nonetheless, the report makes it pretty obvious that cutting business taxes in North Carolina is not the ticket to growing our state’s economy.

2 Comments


  1. […] post by Elaine Mejia and software by Elliott Back Comments […]

  2. […] The Progressive Pulse – NC business taxes lowest in nation (again) Storm'n Norm'n: We Are A Nation Of Laws…aah, we used to be!Employ Progressive Lens to Correct Kid's Myopia « gabriel's blogGlenn Beck: We are watching the 2nd revolution- The Right Scoop View the Contact Powered by Tools […]

Check Also

A public success story: North Carolina’s older adults are far less likely to live in poverty

According to data released last week by the ...

Top Stories from NCPW

  • News
  • Commentary

The political compromise that repealed HB2 was enough for the NCAA and ACC, both of which have retur [...]

Conference comes a day after new report lauds benefits of same-day registration The new line-up for [...]

North Carolina’s largest public school system may be warning of “enormous disruptions” without speed [...]

Carol Turner hadn’t lived in North Carolina long before last November’s election. A retired nurse, s [...]

How many times do we have to say it? Well, it’s worth repeating – especially in the aftermath of rec [...]

As the national pundits weigh in on President Trump’s first 100 days in office and the General Assem [...]

How the General Assembly is spending “crossover week” and what it ought to be doing The last week of [...]

To casual observers, the recent controversy surrounding public school class-size mandates in grades [...]

Featured | Special Projects

Trump + North Carolina
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.
Read more


HB2 - The continuing controversy
Policy Watch’s comprehensive coverage of North Carolina’s sweeping anti-LGBT law.
Read more