North Carolina is a state located in the southeastern United States. It was one of the original 13 colonies and was admitted to the Union as the 12th state on November 21, 1789.

History: The area that is now North Carolina has a rich history, with Native American tribes such as the Cherokee and Tuscarora inhabiting the region for thousands of years. European exploration and colonization began in the 16th century, and North Carolina played a significant role in the American Revolutionary War. It later became a state and played a pivotal role in the Civil War.

Geography: North Carolina has a diverse geography, with the Appalachian Mountains in the western part of the state and the Atlantic coastline in the east. It is known for its scenic beauty, including the Great Smoky Mountains, Blue Ridge Mountains, and Outer Banks. The state has a mild climate overall, with hot summers and mild winters.

Economy: North Carolina has a diverse economy, with major industries including agriculture, manufacturing, finance, technology, and tourism. The state is a leading producer of tobacco, textiles, and furniture, and is also home to many research and technology companies.

Property: The median home value in North Carolina is around $250,000, which is slightly lower than the national average. Housing costs in the state vary depending on location, with higher costs in urban areas such as Raleigh, Charlotte, and Asheville.

Taxes: North Carolina has a progressive income tax system, with rates ranging from 5.25% to 7.5%. The state sales tax rate is 4.75%, with additional local sales taxes in some areas. Property taxes in North Carolina are relatively moderate compared to some other states, with an average effective property tax rate of around 0.85%.

Wealth Equality: North Carolina has a moderate level of wealth inequality, with a Gini coefficient of 0.475. The top 1% of earners in the state make an average of around $1.3 million per year, while the bottom 99% make an average of around $46,000 per year. However, it’s important to note that wealth inequality can vary depending on various factors such as geography, demographics, and economic conditions within the state.