Strategies for Helping Low-Income Taxpayers - Comparing a No-Tax Floor to a State EITC

March 14, 2007 8:35 PM |

NC Budget and Tax Center Report:
Strategies for Helping Low-Income Taxpayers - Comparing a No-Tax Floor to a State EITC

Governor Michael Easley’s recommended state budget set aside $63 million to reduce the income taxes paid by low-income taxpayers to be delivered through a “no-tax floor” plan. In fact, hundreds of thousands of the proposed 1.2 million taxpayers his plan claims to help already pay no income tax and would see no new benefit. In addition to not benefiting very low-income taxpayers, the governor’s “no-tax floor” also has numerous design flaws that make it inferior to a state EITC.

Categories:

Search

About this Entry

This page contains a single entry by published on March 14, 2007 8:35 PM.

Is a "No Income Tax Floor" the Best Approach to Tax Fairness? Lessons from North Carolina was the previous entry in this blog.

Senate Democrats' Budget Plan Would Block Tax Cuts if Not Paid For is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.