According to the North Carolina Court of Appeals, the North Carolina Legislature CAN pass laws that are applied retroactively. Their logic? Who knows?!?

At issue is a tax increase that the legislature passed in 2001 that raised the income tax rate, but the law was applied to a time period BEFORE the law was passed (for example, the law was passed in March, but the increase was applied to January and February).

As a side note, this higher income tax rate (8.25%, highest in the southeast) was supposed to be temporary for 2001 and 2002 during the "recession." It's been passed again and again since these Democrats are absolutely addicted to spending money, so that the most recent "extension" of the "temporary" income tax now extends to 2007.

The Appeals Court ruled that this was fine. The decision will be heard before the North Carolina Supreme Court. If the decision is left this way, the state has found an incredible new sources of utterly unlimited funds.

The legislature could simply raise everyone's income tax rate by 0.1% -- but apply it retroactively back to 1980. Suddenly everyone would owe and absolute TON of taxes with no way to pay it. But hey, the state will have all the money they need, so it's just fine, isn't it? I'm sure it's for the children.

This is what you get when you elect Democrats to run the state. Don't like it? Get the Democrats out of office at the state level.

Posted by: Ogre at 04:03 AM | No Comments | Add Comment
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