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North Carolina

Triana

(22,666 posts) Thu Nov 21, 2013, 01:03 AM Nov 2013

Hey NC taxpayers. The NC Tealiban just screwed you all royally [View all]

Just got this from a CPA firm:

The North Carolina General Assembly recently enacted House Bill 998 which becomes effective for taxable years beginning on or after January 1, 2014. Under this new law, taxpayers may no longer claim a personal exemption for themselves, their spouse, children, or any other qualifying dependents. Additionally, many deductions and tax credits that impact North Carolina withholding tax are no longer available for tax years beginning on or after January 1.

Everyone has to fill out a new W-4 and for tax year 2014 the middle class's taxes are going UP.

Of course.

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15 replies

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Highlight:

Hey NC taxpayers. The NC Tealiban just screwed you all royally [View all] Triana Nov 2013 OP

But it goes up on the rich too, right? Tigress DEM Nov 2013 #1

do you think this will be covered in the news there? hollysmom Nov 2013 #2

They are that dumb! I have little faith in the masses. Heather MC Nov 2013 #3

good graph of the changes, I can't believe the got rid of medical deductions as well! hollysmom Nov 2013 #4

It crazy how little people care about how these things negatively effect them Heather MC Nov 2013 #5

This is becoming a shining example of what Republicanism is really about. Kablooie Nov 2013 #6

And these are the people the Democrats keep trying to make nice with, too. Disgusting. blkmusclmachine Nov 2013 #7

For all the world, I can NOT... ReRe Nov 2013 #8

NC State, as I understand it Triana Nov 2013 #9

. . . Triana Nov 2013 #10

well in April when people do their taxes, they will get a surprise, littlewolf Nov 2013 #11

I wonder if that'll knock any of them out of their Tea-induced stupor. Triana Nov 2013 #12

It might convince non teabaggers, however. Enthusiast Nov 2013 #13

I freaked out a little when I saw the elimination of personal and dependent exemptions... ccberg24 Nov 2013 #14

The problem is that we are going to see more money taken out of our paychecks immediately. alarimer Nov 2013 #15