Friday, May 17, 2013

The Beatings Will Continue

As a part of its plan to shift the tax burden to the middle class and to do as much economic damage as possible while also crippling every progressive program in the state of North Carolina, the NC Senate Appropriations Committee is set to vote today on provisions that would do the following:

1. Completely eliminate tax deductions for charitable contributions by individuals filing NC taxes. Apparently, this proposal applies to all charitable donations -- to schools, churches, foundations and all 501 (c) 3 organizations

2. Increase the state sales tax paid on food from the current 2% to the 6.5%, which is the state's current rate of general sales tax. This tripling of the tax rate on food will adversely affect those who already have little money to spend on food.

3. Phase out of the reimbursement to non-profits on state sales taxes paid on purchases, to include taxes on a number of services heretofore not taxed at all.

What is this ... North Carolina as envisioned by Charles Dickens?

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