“Lawmakers have reduced the state’s individual income tax rate from about 7% a decade ago to the 4.75% rate that took effect in 2023. Further reductions approved by the General Assembly in 2021 will cut the rate to 4.6% in 2024, 4.5% in 2025, 4.25% in 2026, and 3.99% in 2027, according to the North Carolina Department of Revenue.” – The Center Square, February 3, 2023