Tax Foundation
Recent News About Tax Foundation
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Top marginal tax rate in North Carolina could reach 54.59% under Biden plan
Under Democrat Joe Biden’s federal tax plan, the top marginal tax rate in North Carolina could hit 54.59 percent, according to a new analysis by the Tax Foundation.
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North Carolina depends on property taxes for 24.9% of its state, local funds
North Carolina relies on property taxes for 24.9 percent of its total state and local revenues, according to a Tax Foundation ranking of the 50 states.
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North Carolina places tax of 62 cents per gallon on beer
State taxation on beer in North Carolina amounts to 62 cents per gallon, according to an analysis from the Tax Foundation based on January 2019 data.
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North Carolina collects $1 per gallon in wine taxes
The wine excise tax in North Carolina amounts to $1 per gallon, according to a Tax Foundation study based on January 2019 data.
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State income taxes play to mixed reviews
The collection of income tax varies from state to state and some states do not even mandate an income tax.