In 1972, a Virginia taxpayer needed a taxable income of $12,000 before the state’s maximum income tax rate kicked in. Adjusted for inflation, that threshold
Tax Reform
If Virginia ended the fiscal year June 30 with a general fund cash surplus of $2 billion, almost 10 percent of its annual budget, that
Why do Virginia’s leaders run away from the Transportation and Climate Initiative? Could it be because the first state legislature to consider it, in reliably
One of the big financial winners with the May 1 Virginia minimum wage increase is the state itself, because the entire raise is subject to
With the release yesterday of the April 2021 Virginia state revenue report, covering ten months of the fiscal year, a correction in an earlier report
Virginia is far more tax friendly to established businesses than it is to new ones. That is one major conclusion of a major state-by-state business