Issue Position: Taxes

Issue Position

Under Democrat control North Carolina had the highest taxes in the southeast -- personal income taxes were as high as 7.98% and businesses were taxed at 7.1%. And Democrats continued to raise sales taxes year after year, despite promising that these increases would only be temporary.

With Republican leadership North Carolina Personal Income Tax rate has been reduced to 5.499% from the top rate of 7.75% in 2012. The Corporate income rate reduced to 3% from 6.9% in 2012. Standard deduction (zero tax bracket) increased to $17,500 (over two years) from $6,000 in 2012.

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