2013 was a year of unprecedented change and reform for North Carolina's outdated and uncompetitive tax code. The changes will no doubt make North Carolina far more competitive for jobs and economic growth. The 2013 changes, however, should not be the end of tax reform in North Carolina.
Full tax reform should include the complete elimination of the Personal and Corporate income taxes, and a transition to a consumption-based tax.
If this were to come to fruition, taxes in North Carolina would become fairer, flatter, and more evenly distributed among all citizens. Not only that, but as a state without the burden of an income tax, businesses would be drawn into our borders bringing jobs, wealth, and a higher quality of life.