North Carolina Increases Sales Tax
The North Carolina Department of Revenue has announced that as a result of the additional 1% state rate increase effective September 1, 2009, the combined state and county tax rate will increase to 8.25% in Mecklenburg County, 8% in Alexander, Catawba, Cumberland, Haywood, Martin, Pitt, Sampson, and Surry Counties, and 7.75% in the remaining 91 counties.
Prospective retirees who were giving North Carolina serious consideration will now have to reconsider North Carolina as an affordable retirement destination. Sales tax is a major expense factor for retirees and must be heavily weighted when considering a retirement destination. North Carolina may have just taken themselves off the Affordable Place To Retire list.
Prospective retirees who were giving North Carolina serious consideration will now have to reconsider North Carolina as an affordable retirement destination. Sales tax is a major expense factor for retirees and must be heavily weighted when considering a retirement destination. North Carolina may have just taken themselves off the Affordable Place To Retire list.


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