News

.. [|Southern Spaces] **Here is a sample:**

**..seventy five percent of the tax cut[s] going to the top five percent of taxpayers.**


 * The legislature eliminated "the state's inheritance tax (which already exempted all estates under $5.1 million) and reducing the state income tax rate paid by anyone making more than $250,000 to the same level as those making $25,000 a year. Under the new tax code, a family of four earning one quarter million dollars will receive a $2,434 tax cut while a working family of four earning $20,000 a year will see a reduction of three dollars  in their income tax bill. Legislative leaders originally hoped to abolish corporate taxes in North Carolina, but had to be satisfied with a twenty eight percent reduction and a timetable for full elimination. **


 * North Carolina ranks forty-sixth in the nation in teacher pay! **

@http://southernspaces.org/2013/north-carolina-state-shock?utm_content=buffer9c9fa&utm_source=buffer&utm_medium=twitter&utm_campaign=Buffer