As the new year begins, individuals and businesses are preparing the necessary information they need to file and pay their taxes. Citizens and business of North Carolina are paying much more than if they resided in different states. North Carolina has the highest combined tax burden in the Southeast and is one of the ten worst states in the nation for combined tax burdens. With such a high amount of money businesses and individuals must pay every year in taxes, N.C. is less attractive to companies and individuals who plan to relocate. Although the repeal of the extra 1 cent sales tax offers small relief, as legislators, my colleagues and I must continue to slash unnecessary taxes that burden the citizens of North Carolina and prevent businesses and people from moving here.
With such a high amount of funds businesses & individuals must pay every year in taxes, N.C. is less beautiful to companies & individuals who plan to relocate.
ReplyDeleteCommunity Association