Tax Cuts in New State Budget Will Save NC Taxpayers in Coming Years

Tax cuts embedded in the new state budget will save North Carolina taxpayers more than $13 billion over the next five years. North Carolina has a 5.25 percent state income tax rate at the moment.  That changes next year, dropping to 4.99 percent, then dropping a little more each year until it hits 3.99 percent in 2027.

Author: Mike Jackson