NC Democrats pitch 7% tax on $1M+ incomes to fund public schools

NC Democrats pitch 7% tax on $1M+ incomes to fund public schools

NC House Democrats have filed HB 1073, the Fair Share for Public Schools Act, which would impose a new 7% income tax bracket on individual earnings above $1 million and direct an estimated $1 billion a year in proceeds to the State Public School Fund. The post NC Democrats pitch 7% tax on $1M+ incomes to fund public schools appeared first on Carolina Journal.

Original Source

Read the full article at Carolinajournal →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.