Mark Kurt, an assistant professor of economics, spoke with the (Greensboro, N.C.) News & Record for a Sept. 1 story on the sales and excise tax increases taking effect in North Carolina.
From the story by staff writer Mark Binker:
“You’ll see people making changes due to this tax, even though it’s small,” said Mark Kurt, an assistant professor of economics at Elon University. Extra pennies on a $20 purchase or $3 extra on a $300 sale may not seem a lot, he said. But every consumer has a different tipping point that changes what and how they’ll buy.
To read the full article, click on the link to the right of this page under E-Cast.