Do followers lose items when replaced with companions

So here's what I know you can do (name followed by the quest you should start but not complete):

People

• Any normal follower (or, hey, Aranea Ienith can summon an atronach)
• Delphine + Esbern - Alduin's Wall (Esbern can summon an atronach)
• Brother Verulus - The Taste of Death
• Mercer Frey - Speaking with Silence
• Thonnir - Laid to Rest
• Avulstein Grey-Mane + Geirlund + Vidrald - Missing in Action (the latter two should join you and Avulstein at Northwatch Keep)

Animals

• Meeko (Meeko's Shack) or Stray Dog (random encounter)
• Barbas - A Daedra's Best Friend
• Horse (better yet, Shadowmere)

Summons

• Two summons (with 100 in Conjuration and the Twin Souls perk). Some dead thralls can summon atronaches, so that gives your summons one summon apiece.

which brings the total to you, nine people, two dogs, a horse, two dead thralls and four atronaches. That's 13 permanent and almost everywhere (excluding atronaches and the horse) and 18 potential. This seems pretty hypothetical and I haven't done it myself, so feel free to correct me.

Other

There's also supposedly a glitch (patch status unknown) where you can dismiss your follower, hire someone else, then immediately return to your follower and rehire him or her. I don't know if people use it with the Dark Brotherhood Initiate(s) for a reason or because it only works with them.

Also Odahviing.

You never respawn in Skyrim, the game reloads to the last save, so your bounty will naturally not decrease. You should eventually be tracked down by a bounty hunter and get the chance to repay your bounty + 20% for his troubles. It should, but is not guaranteed, to fix the problem. The death of the jarl could be problematic in the long run, however, if he is indeed dead.