Mike Malloy - North Carolina Imposes New Taxes To Fund New Tax Cuts For The Rich

[hschulein]

Fresh shots have been fired in North Carolina's Republican-led class war.

Last week, North Carolina's Republican legislature and Republican governor agreed to once again lower the state's income tax rate, this time from 5.7 percent to 5.49 percent – making it the state's lowest income tax rate in 100 years. According to local think tank NC Policy Watch, the new income tax rates mean that those earning $20,000 will actually pay an average of $7 more per year. The middle class – those making between $34,000 and $57,000 a year – will save an average of $44. And the top 1 percent of North Carolinians who make over $423,000 a year will save an average of $1,815.

Full story: http://www.truth-out.org/news/item/33151-north-carolina-imposes-new-taxes-on-car-and-appliance-repairs-to-fund-new-tax-cuts-for-the-rich

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[randys1]

1. This aint nuthing, if you elect GOP you will have a flat tax, which results in BILLIONS of

savings for the one percent.

While slashing the government, lots of starvation surely to follow

[DURHAM D]

2. Trying to out Brownback Brownback?

Now that Kansas is called Brownbackistan should we call NC Carolinastan? McCoristan? Kochistan?