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Message: From GoLocalWorcester by Dan Forbes, GoLocalWorcester MINDSETTER™: Another state flirting with the elimination of income tax: In an effort to spur economic growth and smooth out yearly revenues, the legislature in North Carolina is considering getting rid of the state income tax. There are currently seven states that have no income tax, and North Carolina would focus on a consumption tax to fill the considerable hole left in the budget. The state is also drastically reducing its corporate tax rate from 6.7 percent to 3 percent over the next few years. In relationship to unemployment, North Carolina is tied with Rhode Island for 48th in the nation with a rate of 8.9 percent. http://www.golocalworcester.com/business/friday-financial-fiveseptember-6th-2013
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