In reference to the May 29 letter “Real sales-tax relief” from Rep. Paul Stam: He showed figures dating back to 2011 on how much less is paid in sales taxes in North Carolina. These figures are meaningless unless they are shown in context with state income and expenses.
What I would like to see is the state’s balance sheet for the years 2010 thru 2015 as I am interested in how we made up for the $4.1 billion in sales tax reductions plus the $400 million surplus we have today. Or maybe we didn’t.
Instead, we slashed services such as Medicaid, reduced unemployment benefits, eliminated medical expenses on state tax returns – are all very regressive.
Compared with our Southeast neighbors of Georgia, South Carolina, Virginia and Tennessee, in 2014 North Carolina rates first in per capita state tax collections ($2,413) but second to last in per capita expenditures ($4,409).
Doesn’t sound like we’re operating very efficiently nor are we getting our money’s worth.