Previously on Death &Taxes, we learned that LOSTs and North Carolina’s local governments have a complicated relationship and that LOSTs favor some counties more than others.
There are many important characters in the story of LOSTs and North Carolina. There are the earmarks, the revenue that goes to the municipalities, the revenue that is distributed on a per capita basis, and the tax on food. I will let you decide which is Jack, Kate, Sawyer, and Locke. However, I am going to just come out and say, the black smoke monster is the issue of equity across the counties. Continue reading