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North Carolina is a state in the Southern United States. One of the original states, it is home to the first English colony in the Americas. It was also the location of the first successful flight of the Wright brothers' airplane — one of the first heavier than air flying machines. Economy According to the Bureau of Economic Analysis, the state's 2004 total gross state product was $336 billion[4]. Its 2003 per capita personal income was $28,071, 38th in the nation. North Carolina's agricultural outputs include poultry and eggs, tobacco, hogs, milk, nursery stock, cattle, sweet potatoes, and soybeans. However, North Carolina is the state most affected by outsourcing; one in five North Carolina manufacturing jobs has been lost to overseas competition.[3] Over the past century, North Carolina has grown to become a national leader in agriculture, financial services, and industry. The state's industrial output—mainly textiles, chemicals, electrical equipment, paper and paper products—ranked eighth in the nation in the early 1990s. The textile industry, which was once a mainstay of the state's economy, has been steadily losing jobs to markets in Latin America and Asia for the past 25 years. Over the past few years another important Carolina industry, furniture production, has also been hard-hit by jobs moving to Asia (especially China). Tobacco, one of North Carolina's earliest sources of revenue, remains vital to the local economy, although concerns about whether the federal government will continue to support subsidies for tobacco farmers has led some growers to switch to other crops or leave farming altogether. Recently, technology, research, and banking have been on the rise, especially with the creation of the Research Triangle Park between Raleigh and Durham in the 1950's, along with Charlotte's newfound status as the second largest banking center in the United States (with New York City being the largest). The state is also a center of American motorsports, with many NASCAR racing teams and related industries located near Charlotte. NASCAR recently announced that the NASCAR Hall of Fame will be built in Charlotte. North Carolina is one of the largest film making states outside of California and New York. Movie studios are located in Shelby, Raleigh, Durham, Charlotte, Asheville, and Wilmington. Some of the films and television shows filmed in North Carolina include: Dawson's Creek, One Tree Hill, Cape Fear, Dirty Dancing, Firestarter, Being There, The Crow, Cabin Fever, Shallow Hal, and Talladega Nights: The Ballad of Ricky Bobby. The television show most associated with North Carolina is the Andy Griffith Show, which aired on CBS-TV from 1960 to 1968. The fictional small town of Mayberry, North Carolina was modeled after the real-life town of Mount Airy, North Carolina, which is the hometown of actor Andy Griffith. The show is still popular in reruns and is frequently shown in syndication around the nation. Ironically, however, the show was not filmed in North Carolina, but in California. North Carolina personal income tax is divided into 4 brackets, ranging from 6.0 percent to 8.25 percent. The state sales tax is 4.5 percent. Most taxable sales or purchases are subject to the state tax as well as the 2.5 percent local tax rate levied by all counties, for a combined 7 percent. Mecklenburg County has an additional 0.5 percent local tax for public transportation, bringing sales taxes there to a total 7.5 percent. Effective January 1, 2006, the total local rate of tax in Dare County increased to 3.5 percent, producing a combined state and local rate there of 8 percent. The property tax in North Carolina is a locally assessed tax, collected by the counties. The three main elements of the property tax system in North Carolina are real property, motor vehicles and personal property (inventories and household personal property are exempt). Source: Wikipedia.org - English