N.C. General Assembly Fiscal Research Division Tax Comparison: 2008 to 2017

Provided by the Fiscal Research Division

North Carolina General Assembly
300 N. Salisbury St, Ste. 619 Raleigh, NC 27603
(919) 733-4910

Barry Boardman, Ph.D., Chief Economist – Barry.Boardman@ncleg.net

A Married Couple With Two Children Filing Jointly Earning $50,000/year in North Carolina 

2008 Effective Tax Rate                              2017 Effective Tax Rate

$50,000/year                                                     $50,000/year

$6,000 Standard Deduction                       $17,500 Standard Deduction

$10,0000 Personal Exemption                 N/A

$200 Child Tax Credit                                    $200 Child Tax Credit

5.7% Tax Rate                                                    5.49% Tax Rate

Total Tax: $1,968                                              Total Tax: $1,587

Effective Tax Rate: 3.9%                               Effective Tax Rate: 3.2%

Total Tax Savings = $381 

Effective Tax Rate = The % of Earnings Paid in State Income Taxes