Who Pays and How Much?

Before You File Your Taxes Take a Look at the Facts.

Nearly HALF (about 47%) of U.S. households escape FEDERAL income tax.

• That’s because either their incomes are too low or they qualify for enough credits, deductions and exemptions to eliminate their federal tax liability.

Less than 1% of FEDERAL tax returns (the wealthiest) account for about 35% of the income tax revenue

• Top 10% of STATE taxpayers pay more than 50% of state income taxes.
• About 14% of STATE tax returns show adjusted gross income over $100,000, and they account for about 60% of Virginia STATE income tax revenue.

Virginia's STATE income tax filing threshold is gradually increasing, and will be about $12,000 in 2012 (about $24,000 for married filing jointly).

• Increasing thresholds mean many more Virginians on the low-income end pay NO Virginia income tax.

By many measures, Virginia is a relatively low tax, business friendly state, which helps to translate into more jobs and larger tax bases.

Virginia also is one of the best managed states, which is a decent indicator that public services are provided efficiently at relatively high levels. A recent ranking by the Council on State Taxation on the degree to which states provide a fair, efficient and customer-focused administration of taxes, ranks Virginia tied for second place with four other states

Thank Taxes? No Thank You!

While Delegate David Englin’s wife is trashing the internet with her middle school level “Thank Taxes” campaign, the majority of Americans are currently filing taxes and hating them.

April is usually not a month to be grateful for taxes, it is a month to realize that your hard earned income is being sliced and diced. Luckily for Virginians, the Republican led House of Delegates were able to craft a budget without creating any new taxes. Although taxes are the lifeline of government, we should not resort to thanking them. Thanking taxes will not stimulate the economy or create jobs.

With our current economic situation thanking taxes is simply not an option. With a massive budget shortfall the House of Delegates had to implement innovative solutions to ensure that the tax payers’ wallets were not emptied. It is a bit odd that Delegate Englin’s wife is a tad too chipper about tax increases and disregards the struggling tax payer completely.

Another note, Tax Freedom Day will arrive on April 9 this year. According to taxfoundation.org “Americans will work well over three months of the year—from January 1 to April 9—before they have earned enough money to pay this year's tax obligations at the federal, state and local levels.”

So thank you taxes.

Also Not Larry Sabato picked up on this story as well.

Adam Ebbin on the Bob Marshall Team!

Lowell Feld at Blue Virginia posted the following from the Arlington County Democratic Committee approving a resolution attacking Attorney General Ken Cuccinelli for opposing ObamaCare. http://www.bluevirginia.us/diary/246/arlington-democrats-reslution-on-cuccinellis-attack-on-health-care-reform

Unfortunately, Lowell and the blue (depressed???) Democrats forgot that a majority of the House Democrats (led by Democratic so-called Leader Ward Armstrong and Jennifer McClellan) voted for Delegate Bob Marshall's HB10 which asserts Virginia's rights. The final vote was 80-17 (http://leg1.state.va.us/cgi-bin/legp504.exe?101+vot+HV1520+HB0010 )

In fact, there were even some Dem votes from Fairfax and even one from Arlington.....

......we always new that Delegate Bob Marshall and Delegate Adam Ebbin had a lot in common!

21 DEM YEAS (of 39 House Dems) for Delegate Bob Marshall's HB10-- Armstrong, BaCote, Barlow, Dance, Ebbin, Howell, A.T., James, Joannou, Johnson, Keam, Lewis, McClellan, McQuinn, Miller, P.J., Morrissey, Phillips, Pollard, Tyler, Ward, Ware, O., Watts,

Pledge of Allegiance

41 Years ago Red Skelton performed " Pledge of Allegiance" , which he interpreted every word of the pledge. Please take a moment to watch this clip.