Download all available information for this organization plus form 990 pdf files to your computer, laptop, and phone. 1  Assets: $5,000 2  +. Income: $50,000 3  +. Form 990 Revenue: $50,000 4  +. Organization Name & Address Covenant Theological Seminary. Po Box 1177.
The North Carolina state income tax is currently 5.75%. As of 2014, the state eliminated progressive income tax rates. All state taxpayers now face the 5.75% rate since 2015, which has remained constant in subsequent tax years. More on North Carolina taxes can be found in the tabbed pages below.
Of the 41 states, plus the District of Columbia, that have an income tax, eight have a flat tax, which imposes a single rate on all residents regardless of income. North Carolina is the newest convert to the flat tax, which kicks in this year; the state's flat income tax rate is 5.8% for 2014 and drops to 5.75% for 2015 and beyond. The other 33 states, plus the District, impose graduated tax rates, which tax households with higher incomes at a higher rate.