Wednesday, August 13, 2008
Report Details Virginia's High Taxes
The Tax Foundation recently released a report on the tax burdens of citizens in each state. Apparently, Virginia residents pay the 18th largest tax burden in the country. In terms of taxes collected from just the state of Virginia we rank in the top ten. Virginians give up nearly 10% of their income in state and local taxes alone. The study just emphasizes what Republicans already know: taxes are too high in Virginia. It's unfair to expect the taxpayers of Virginia to shell out even more money to pay for the Democrats' transportation plan. We have to be looking for solutions more creative than just raising taxes, especially in this economy.
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4 comments:
Perhaps you should suggest to Republican members of the GA who raised our taxes in 2004 - to roll back that tax increase.
And not introduce new ones like HB 3202 had.
To offer a drop of solace, the Tax Foundation report says that while Virginia has the 18th highest individual tax burden, it has the 12th highest per capita income. So we're paying almost as much more in taxes as money we make, but still coming out ahead. That's a plus, right?
Mike K, you can't be serious?
No, I'm serious... statistically speaking, if Virginia also had the 12th highest individual tax burden this would point to a more serious flaw.
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