Hundreds Haven't Paid State Income Tax

11:26 PM, Feb 18, 2013   |    comments
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Courtesy: Getty Images

Raleigh, NC -- According to the NC Department of Revenue, an integral part of NC State University's basketball lore has been charged with failing to pay his state income tax.

Sidney Lowe was the point guard for NC State's 1983 national championship team. He spent 23 years playing and coaching professional basketball before becoming NC State's 18th head coach.

He coached at State for five years before resigning in 2011. That period of time is when he got in trouble.

Police arrested Lowe Monday afternoon and charged him with failing to pay his state income taxes. The Department of Revenue says he didn't file his tax returns in 2009, 2010 or 2011.

Lowe is just one of hundreds of people who refuse to pay taxes.

On Monday, WFMY News 2 found hundreds of people owe more than $12.6 million dollars, but history says the grand total is way more.

The State Department of Revenue keeps a running list of the worst offenders who owe the most money. As of last month, there were nearly 450 people and businesses delinquent on their taxes.

Seventy-three of them have addresses listed out-of-state. Fifty-seven of them are right here in the Triad.

The total delinquent bill statewide adds up to roughly $12,660,193.

The Department of Revenue said they've tried to collect all that money without success. The debtors didn't settle their debt when given the opportunity, so all of them have tax liens against them and the department made their names public.

Two years ago, the unpaid balance was about a $1 billion, so we know that $12.6 million is probably just the tip of the iceberg. There are others out there who owe state income taxes and haven't made the list yet. Lowe isn't on it.

But here's why it matters to the rest of us. A local economist told WFMY News 2 the state has a target for its revenue -- money they have to collect to balance the budget. And if people or corporations don't pay what they owe, the rest of us have to cover the costs.

What's more, the Department of Revenue said the costs associated with collecting past due accounts are passed on to those who pay their taxes on time.

You can find the list of the worst tax debtors in North Carolina here.

 

WFMY News 2

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