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When Governor McCharlotte and his buddies shift the progressive income tax burden to our groceries, south Charlotte and its NC burbs will suffer the most. How ironic it will be..... NC shoppers will just cross the state line into SC to avoid the taxes and the grocery stores and the strip center brethren that they anchor will lose business and profits in that razor-thin-margin industry
Pass the popcorn. This should be interesting to watch if it comes to pass.
Pope's Variety Wholesalers stores are located in low-income areas. If sales taxes go up his stores will lose a lot of money as those people buy less stuff. He's not an idiot.
Quote:
Originally Posted by rnc2mbfl
When Governor McCharlotte and his buddies shift the progressive income tax burden to our groceries, south Charlotte and its NC burbs will suffer the most. How ironic it will be..... NC shoppers will just cross the state line into SC to avoid the taxes and the grocery stores and the strip center brethren that they anchor will lose business and profits in that razor-thin-margin industry
Pass the popcorn. This should be interesting to watch if it comes to pass.
If it passes (and it likely won't) Dare County will have some of the highest sales taxes in the country, over 12% on prepared foods.
When Governor McCharlotte and his buddies shift the progressive income tax burden to our groceries, south Charlotte and its NC burbs will suffer the most. How ironic it will be..... NC shoppers will just cross the state line into SC to avoid the taxes and the grocery stores and the strip center brethren that they anchor will lose business and profits in that razor-thin-margin industry
Pass the popcorn. This should be interesting to watch if it comes to pass.
Um... Don't tell Pat or Anthony , but we started doing that years ago...
Um... Don't tell Pat or Anthony , but we started doing that years ago...
If it goes to 8% total, you won't be the only one.
Just out of curiosity, how are incomes taxed if the job is Charlotte/NC and one lives in SC? Does NC charge taxes on workers who cross the state line to live like is done in some other border cities in the US?
If it goes to 8% total, you won't be the only one.
Just out of curiosity, how are incomes taxed if the job is Charlotte/NC and one lives in SC? Does NC charge taxes on workers who cross the state line to live like is done in some other border cities in the US?
This topic has come up before. Here is a thread that might answer your question. Income tax for SC vs. NC
If it goes to 8% total, you won't be the only one.
Just out of curiosity, how are incomes taxed if the job is Charlotte/NC and one lives in SC? Does NC charge taxes on workers who cross the state line to live like is done in some other border cities in the US?
This is an interesting scenario as in the past I have lived in one state and worked in another - NY / NJ. My taxes worked out that I was given "credit" (ultimately a refund) to the state I worked in (NJ) from the state I lived in (NY) through a reciprocal agreement. That made sense as both states had income tax. Should this come to pass and NC not collect income tax anymore, I wonder if SC would expect payment for living there while working in NC?
This topic has come up before. Here is a thread that might answer your question. Income tax for SC vs. NC
Interesting....it would also be interesting to see how an income tax elimination would affect the housing market. Surely property taxes would have to increase in NC if it were to eliminate income tax. They might not tell you that now but most (if not all) states without an income tax have very high property tax rates. There's no free lunch.
Hard to tell as I suspect each state is different.
Years ago, I worked in Massachusetts. Colleagues who lived in NH, but worked in MA had to pay MA income tax. Since NH had other taxes to account for the lack of an income tax, those folks ended up getting taxed more than the rest of us.
If this passes, that may be just what happens here.
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, but we started doing that years ago...
