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Author Archives: Stephen D. Haner
Northam Regs Out of Step With Reality
Despite the stunning and rapid success of the vaccines in arresting the spread of COVID-19, if you enter a Virginia workplace you go back in time to the pre-vaccine era of doubt and fear. Virginia acted in haste in adopting … Continue reading
Posted in Regulation, State Government
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With Tax Revenue Exploding, Virginia Should Boost Standard Deduction, Index for Inflation
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 a 5 percent state income tax. With its low standard deduction and personal exemption amounts, … Continue reading
Posted in Economy, Government Reform, State Government, Taxes
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Northam Tax Harvest Expands Again
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 becomes necessary. Continue reading
Posted in State Government, Taxes
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Virginia Tax Structure Better for Mature Firms than for Start-ups
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 tax comparison released Wednesday (here) by the Tax Foundation and KPMG LLC. In neighboring North … Continue reading
Posted in Taxes
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Northam Tax Hikes Squeeze Virginia Businesses and Individuals
With Virginia’s fiscal year now three-quarters complete, and basically one year since the depths of the COVID-19 recession, state tax revenues are soaring. Despite reports that the boom results from the economic rebound, it remains clear that changes in tax … Continue reading