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85%  
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Keyword: ncsalestax

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  • A Not-so-perfect Tax Storm ( NC set to increase sales tax rate, again. 8%?!)

    01/28/2005 8:03:58 AM PST · by TaxRelief · 35 replies · 1,503+ views
    Carolina Journal Exclusive ^ | January 28, 2005 | John Hood
    RALEIGH-Those who ignore history are doomed to repeat it. Not exactly an original insight, I grant you, but a handy one for the current situation. Members of the General Assembly, including House Speaker Jim Black, are reportedly considering another half-cent sales-tax increase-taking the combined tax rate to 7.5 percent in most of the state-to pay for a package of state expenditures for hurricane relief. This tax increase would be "temporary" (now, where have we heard that before?) and raise more than $300 million. And it would be on top of whatever tax increases lawmakers adopt for the fiscal year beginning...