NC Budget and Tax Center

Data Soundbites in Context

For those wonks out there following the details on how these tax plans are going to impact North Carolinians across the income distribution we have put together this short piece on the different tools that can be used to describe who pays. By far, the economic incidence model is the best way to estimate population-level impacts.  That is the model that the Budget & Tax Center has used.

While some have said that these tax plans benefit everyone based on what will happen to select individual taxpayers, it is important to be clear that some will see their taxes go up. The infographic below shows just a few examples of who those taxpayers could be.

infogrfk- House-Senate Plan_Layout 1

Most importantly, though, the debate over who will be impacted by tax changes should be grounded in the best available tools and an economic incidence model can give us the best information about how the population overall will fare after tax changes have been made.

Check Also

First look at NC’s potential revenue losses from pandemic points to an obvious policy course

The consensus revenue forecast released by the General ...

State and Federal COVID-19 policy updates

Top Stories from NCPW

  • News
  • Error

State and local officials have been forced to improvise in an effort to feed hundreds of thousands o [...]

On any given week prior to the COVID-19 pandemic, thousands of people went in and out of the Wake Co [...]

Controversial conservative cites family duties, but evidence indicates other board members forced hi [...]

Mysterious cases of rare cancers have baffled North Carolina health officials, but incomplete data, [...]

RSS Error: http://www.ncpolicywatch.com/category/articles/originalcommentary/feed is invalid XML, likely due to invalid characters. XML error: Invalid character at line 68, column 35