North Carolina's highest wage earners would pay a 3 percent surcharge on their income tax under the latest version of a tax package being discussed Thursday.
Under the plan, a 3 percent surcharge would apply to the income tax liability of those who make more than $250,000-a-year, based on married couples filing jointly, Mark Johnson reports. Those earning between $100,000 and $250,000-a-year would add a 2 percent surcharge, according to House and Senate leaders.
The plan hit a snag, though, because the 2 percent surcharge would hit single taxpayers who make $60,000-a-year or more. Gov. Beverly Perdue doesn't want the surcharge to reach that low of an income level, and it was her opposition last week to a 2 percent surcharge on all taxpayers that derailed a similar tax plan.
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Re: Income tax charge 3 percent for some
Of course not. Paying early is lending money to the government at zero interest.
What I am wondering is if by paying throughout the year, as most people do with withholdings, rather than at the end, people would be able to escape the surcharge. I read some reports a couple weeks ago that suggested that the surcharge would be applied only to any tax amount still due at filing time. I can't imagine that the politicians would set it up in such a strange way, so the reports (not in the N&O) may just be unclear reporting. There is a lot of unclear reporting these days.