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.
Previously, North Carolina had a progressive income tax, with rates ranging from 6% to 7.75%. The new law introduce a single flat rate of 5.75% and more than doubled the standard deduction for North Carolina taxpayers. The effect was a significant overall reduction in taxes, for taxpayers of all income levels.