Thursday, April 14, 2016

When They Say "We've Lowered Taxes," This Is What They're Hiding

  • New tax hikes passed by the Republican General Assembly and approved by Gov. McCrory:
    • Doubling the electricity tax
    • Eliminating the Earned Income Tax Credit
    • Eliminating the medical expenses deduction
    • Sales tax hike on mobile homes
    • Sales tax hike on entertainment
    • Sales tax hike on auto repair contracts
    • Eliminating the small business deduction
    • Eliminating the back-to-school sales tax holiday
    • Increasing the gas tax by $1.2 Billion
    • Eliminating the student tuition deduction
    • Eliminating the mortgage forgiveness deduction
    • New tax on college meal plans
    • Eliminating child care tax credits
    • Eliminating the deduction for college savings plans
    • Reducing tax credits for farm machinery

Other sales tax hikes passed by the Republican General Assembly and approved by Gov. McCrory:
  • Household appliances
  • Doors, windows, cabinets, flooring, roofing, fences, etc.
  • Cars, motorcycles, bicycles, modular homes
  • Office Equipment
  • Clothing and shoe repair
  • Watch and jewelry repair
  • Electronics
  • Furniture
  • Video programming
  • Tire repairs and oil changes
  • Reloading bullets and shells
New or increased “fees” passed by the Republican General Assembly and approved by Gov. McCrory:
  • Doubled annual inspection fee for ice cream shop owners
  • Increasing the fee for the newborn screening program
  • Increased criminal court costs
  • Allowed for more toll road projects
  • Increased drivers license restoration fee
  • Raised learner’s permit fee
  • Raised fee for obtaining a duplicate license
  • Increased fee for driver improvement clinics
  • Increased fees for obtaining copies of license records.
  • Increased fee for initial driver’s license application
  • Raised taxes on car and truck rentals
  • Raised fees for private passenger vehicles
  • Increased fee on private passenger motorcycles
  • Increased fee on house trailers
  • Increased fee for plug-in electric vehicles
  • New fees for late vehicle registration
  • Raised fees on “wreckers”
  • Raised fees for semitrailers and trailers
  • Increased fees on motor carriers

1 comment:

Anonymous said...

You forgot to mention the standard deduction has been more than doubled. This benefits the vast majority of taxpayers, particularly those with low or moderate taxable incomes. So instead of benefitting just those who had tax preferenced expenditures for items like student tuition, college savings, child care, farm machinery, etc,, all taxpayers benefit. And BTW, the last session of the General Assembly reinstated the medical expense deduction.