| Economic Outlook Data |
|
Overall Outlook Rank
|
4th
|
4th
|
|
Top Marginal Personal Income Tax Rate
|
4.25%
|
4.25%
|
|
Top Marginal Corporate Income Tax Rate
|
2.25%
|
2.25%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$7.22
|
$7.22
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$20.68
|
$20.68
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$25.67
|
$25.67
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$15.56
|
$15.56
|
|
Estate / Inheritance Tax Levied?
|
No
|
No
|
|
Recently Legislated Tax Changes
|
-$0.59
|
-$0.59
|
|
Debt Service as a Share of Tax Revenue
|
3.70%
|
3.70%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
513.7
|
513.7
|
|
State Liability System Costs
(as a share of state GDP)
|
1.50%
|
1.50%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$7.25
|
$7.25
|
|
Average Workers’ Compensation Costs
(per $100 of payroll)
|
$1.16
|
$1.16
|
|
Right-to-Work State?
(option to join or support a union)
|
Yes
|
Yes
|
|
Tax Expenditure Limits
|
1
|
1
|
| Economic Performance Data |
| Overall Performance Rank |
11
|
11
|
| State Gross Domestic Product |
70.98%
|
70.98%
|
| Absolute Domestic Migration |
727,133
|
727,133
|
| Non-Farm Payroll Employment |
20.72%
|
20.72%
|
|
North Carolina Profile
|
North Carolina Profile
|
