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^ According to this site, Virginia's overall tax rate is a whopping 1/2 percentage point lower than NC...really not a significant difference at all. Note also that VA's per capita income is significantly higher than NC's (perhaps due to the many federal government employees in NOVA), so they can have a lower income tax rate and still collect as much or more as NC.
I can tell you is that the top state income tax rate in NC is 7.75% vs. 5.75% for Virginia. Taxes by State
Based on the income thresholds and tax rates, my household is paying 24.1% more in STATE taxes in NC over Virginia. The real estate tax rate is virtually the same from where I moved from in Northern VA 6 years ago. I don't know how accurate the link you provided is, but if it is true that NC's tax burden is only .5% more it is heavily skewed by the real estate tax values (not rates) in Northern Virginia (Local Taxes). Bottom line is that most of NC is taxed at a pretty good clip higher than VA.
Okay, let's talk "real money" then. For someone making $50,000 per year, the tax difference between NC and VA is (on average) $300, or about $25 per month. That is statistically insignificant by any reasonable measure.
Oh how I wish you worked for me. That way when I told you your annual salary increase was 2% instead of 2.5% so that someone else could have a 3% raise you'd be just fine with it...you know, because it's ONLY $25 per month.
Oh how I wish you worked for me. That way when I told you your annual salary increase was 2% instead of 2.5% so that someone else could have a 3% raise you'd be just fine with it...you know, because it's ONLY $25 per month.
Well, I look at it like this--I'm paying an extra .5% not to live in VA, and it's worth every penny!
I do like this state wild flower along the highway program not sure if that is part of highway tax or not but it probably saves the state money in labor for less miles to mow.
Nope, no tax money involved, funded by proceeds from the sale of personalized license plates.
McCrory will fight to stop these pointless rural roads to nowhere, which will free-up funds for the more populated/growing areas of this state (Triangle, Triad, Asheville, Wilmington, Fayetteville, Charlotte). Shady infrastructure politics is the #1 reason why McCrory decided to run for governor in the first place. I doubt that he will cut many existing taxes, but he will most likely redistribute tax revenue to the urbanized areas. Being that jobs and developments follow the roads and freeway exits, our cities should become better job magnets under McCrory. This should lead to lower unemployment in all of our high population centers. Only time will tell.
That sounds great, but there is some irony here. If not for rural NC, McCrory would have suffered the most embarrassing loss in history. I can't imagine he's going to rock the boat too much.
That sounds great, but there is some irony here. If not for rural NC, McCrory would have suffered the most embarrassing loss in history. I can't imagine he's going to rock the boat too much.
This. McCrory is neither an urban guy or a rural guy. He's a suburban politician. He has support locked up in the suburbs, but lost the cities entirely. The eastern rural areas held their nose and voted for him. He owes the rural eastern "good old boys" a lot of favors right about now.
This. McCrory is neither an urban guy or a rural guy. He's a suburban politician. He has support locked up in the suburbs, but lost the cities entirely. The eastern rural areas held their nose and voted for him. He owes the rural eastern "good old boys" a lot of favors right about now.
Perdue did the same thing and on top of it, drove our state into economic hell.
Thank god the people woke up and voted.
Perdue still has time to lower or eliminate the gas tax - back on topic.
I don't understand the beef with the gas tax. Who better to pay for roads than the people who use them? Which tax do you want to raise to offset it?
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