It’s tough teaching at the University of North Carolina. The hours are killing. I mean, 75 whole hours a year! Can you imagine it?
The class time is 50 minutes per class. You do this three times a week for a crushing 30 weeks per academic year. And all they pay you is $205,000. That’s $2,700 an hour.
He is asked to grade papers outside of class time. Grade papers! Incredible. That cuts his salary to maybe $2,400 an hour. (It depends on how many students there are, how many exams he requires, and how fast he reads.)
The guy defends his salary as legitimate. He is a lawyer. Lawyers will argue for anything if you pay high enough fees. I guess $2,400 an hour is high enough.
The pay is sweatshop labor — for taxpayers.
I used to live in North Carolina. I made a run for it in the last week of 1979 to escape paying state income taxes. It was a legal tactic. I never regretted it.
There was a reason for this. The state limited charitable deductions against gross income to only 15%. You therefore had to pay income taxes on any money above that if you donated it.
There were exceptions. If you donated it to the state, you got to deduct all of it. If you gave it to a university in the state, you could deduct it. That included the University of North Carolina.
That annoyed me. So, I rolled over the money in advertising mailings in December (deductible for 1979), moved to Texas (no state income tax), and pulled back my money in Texas in January. I beat the system. It was a lot of money.
Those who stayed behind got to put up with the state’s income tax, which pays this professor’s salary.