North Carolina Republicans Will Aim To Ax Income TaxSubmitted by emalvini on Wed, 09/04/2013 - 13:09
North Carolina Republicans Will Aim To Ax Income Tax
By Reid Wilson, Published: September 4 at 11:48
RALEIGH, N.C. — At the moment, seven states across the country don’t levy a tax on income, and North Carolina Republicans want to make it eight, according to a powerful member of the state legislature.
State Sen. Bob Rucho, a Mecklenburg County Republican and chairman of the Senate Finance Committee, said Wednesday that he hoped to use the 2015 legislative session to eliminate the state income tax, replacing it with a consumption-based sales tax to make up for the lost revenue.