Tag Archives: taxes

Oh noes! NC has the lowest business tax burden in the country.

Those commies over at Ernst & Young have put the state – yes, this one here – at the bottom of the list in terms of local and state business tax burden.
This tragic turn of events will ruin the well-honed talking points of the state’s heroic radio talk show hosts and make it even harder for the legislature to balance this budget. Now they’ll have to entertain the notion that perhaps a tax loophole or two should go along with the myriad of cuts to health care and programs that serve the lower and middle classes.( Talk about burdensome.)
The study also shows that since 2002, only three other states have asked businesses to pay a lower share of state tax increases. Translated that means individuals, through income and sales taxes have paid more than 60 cents out of every dollar of new revenue.

Well, then when?

The most common response to the idea that the budget crisis may necessitate raising some tax or fee here or there is something along the lines of “this is not a good time to raise taxes on businesses or people.”
The answer seems to imply that there is a good time to do so.
So, when is a good time?