Finance Q&A

did North Carolina income tax go up this year?

Q. did North Carolina income tax go up this year? I'll have to check, but I thought last year NC income tax was around 7% or so. According to http://www.taxadmin.org/fta/rate/ind_inc.html , NC's income tax goes up to 12% this year, making us #1 in taxes. What gives?

A. -The highest Individual Income Tax bracket for NC is 7.75% during the 1999 Tax Year. Where do you get 12% from? -Also, the link Maas refers to is for the year 2000, not the 1999 tax year. -Where do you see that? I checked that page, and i

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