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South Raleigh News

Wednesday, November 13, 2024

Taxes News

From Old North News

Top marginal tax rate in North Carolina could reach 54.59% under Biden plan

By Metric Media News Service | 4 years ago

Under Democrat Joe Biden’s federal tax plan, the top marginal tax rate in North Carolina could hit 54.59 percent, according to a new analysis by the Tax Foundation.

From Old North News

IRS audit rate for Edgecombe County residents is highest in North Carolina

By Michael Carroll | 5 years ago

Edgecombe County residents were audited by the Internal Revenue Service at a greater rate than all similar jurisdictions in North Carolina, according to an analysis by the website 24/7 Wall St.

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From Old North News

North Carolina depends on property taxes for 24.9% of its state, local funds

By Michael Carroll | 5 years ago

North Carolina relies on property taxes for 24.9 percent of its total state and local revenues, according to a Tax Foundation ranking of the 50 states.

From Old North News

North Carolina places tax of 62 cents per gallon on beer

By Michael Carroll | 5 years ago

State taxation on beer in North Carolina amounts to 62 cents per gallon, according to an analysis from the Tax Foundation based on January 2019 data.

From Old North News

North Carolina collects $1 per gallon in wine taxes

By Michael Carroll | 5 years ago

The wine excise tax in North Carolina amounts to $1 per gallon, according to a Tax Foundation study based on January 2019 data.

From Old North News

North Carolina receives ‘C’ grade on national ranking of states’ fiscal health

By Michael Carroll | 5 years ago

North Carolina would need $4 billion to pay all of its bills, including public employers’ pension benefits, according to a new ranking of the states’ fiscal health by Truth in Accounting (TIA).