Monday numbers

Monday numbers

900 million—amount in dollars of the cost of the tax cuts passed this year when they are fully in place (“Costly Tax Cuts in New State Budget Continue Precarious Road Ahead for North Carolina, N.C. Budget & Tax Center, August 2017)

3.5 billion—amount in dollars less revenue that the state will have thanks to the tax changes made since 2013

22,000—amount in dollars of the permanent annual tax cut for the top one percent of income earners in North Carolina from the tax changes made since 2013

1 million—amount in dollars of the average income of the top one percent of income earners

226—amount in dollars of the tax cut for middle-income taxpayers from the tax changes made since 2013

16—amount in dollars of the tax cut for the lowest-income taxpayers from the tax changes made since

66—percentage of all North Carolina taxpayers who are white

81—percentage of tax cuts since 2013 that went to taxpayers who are white

22—percentage of all North Carolina taxpayers who are African-American

10—percentage of tax cuts since 2013 that went to taxpayers who are African-American

7— percentage of all North Carolina taxpayers who are Latino

3— percentage of tax cuts since 2013 that went to taxpayers who are Latino

1.2 billion—amount in dollars of the state budget shortfall projected for 2019-2020 by the nonpartisan legislative staff (“NC projections show future state revenue shortfall,” News & Observer, July 10. 2017)

1.4 billion— amount in dollars of the state budget shortfall projected for 2021-2022 by the nonpartisan legislative staff (Ibid)