A new report out by Pew Research shows that 94 of 100 North Carolina counties saw their per capita incomes grow between 2016 and 2018 (adjusted for inflation).
Allegheny, Tyrrell, Jones, Onslow, Pender and Sampson counties experienced modest declines.
Among the counties with the highest per capita income growth during that time are: Mecklenburg (5.7%), Montgomery (6.0%) and Yancey (6.3%). Wake County’s per capita income grew by 3.3%
The latest report is more indication of North Carolina’s continued strong economic growth over the past five years – coinciding with conservative tax reforms.
More can, and should, be done to continue to improve the state’s economic performance. Most notably, eliminating the job- and income- killing corporate income tax while also eliminating the unfair practice of doling out taxpayer handouts and privileges to politically-connected corporations.
To learn more about the benefits to workers of killing the corporate tax, check out this study.