Category Archives: Taxes

Will The “Taxpayer Relief Fund” Become a Sham?

Posted on April 3, 2019 by matt ohern

The Taxpayer Relief Fund to be created with the residual dollars from the 2019 state tax legislation on conformity has not seen the first dollar deposited and Governor Ralph Northam is already proposing to spend some of it, seeking to … Continue reading →

Posted in Taxes | Comments Off on Will The “Taxpayer Relief Fund” Become a Sham?

The State of Taxaginia: Taxes Times Four

Posted on March 21, 2019 by matt ohern

Wealth taxes are all the rage now in national discussions, with Democrats usually getting battered for proposing one. But as final versions of the income tax bill moved around the 2019 General Assembly, Democrats slipped in a provision to cap … Continue reading →

Posted in Taxes | Comments Off on The State of Taxaginia: Taxes Times Four

Carbon Tax on Track for Approval

Posted on February 20, 2019 by matt ohern

Once again, both parties at the Virginia General Assembly has pushed forward doomed legislation on a proposed carbon cap and tax regime the state will soon impose on Virginia’s fossil fuel electric power plants, with the stalemate leaving Governor Ralph … Continue reading →

Posted in Energy, Environment, Taxes | Comments Off on Carbon Tax on Track for Approval

TCJA Remains Big Revenue Gain for State

Posted on February 7, 2019 by matt ohern

The tax relief proposals advancing in both the Virginia House of Delegates and Virginia Senate return at most half of the estimated additional state revenue created by the federal Tax Cuts and Jobs Act (TCJA) over six years. As Virginia … Continue reading →

Posted in Taxes | Comments Off on TCJA Remains Big Revenue Gain for State

Love the Middle Class? Index Virginia’s Taxes!

Posted on January 23, 2019 by matt ohern

Virginia’s most effective tax collector is inflation. Virginia’s long refusal to adjust any element of its income tax for slow but constant inflation means that each year, a slightly higher percentage of your growing income is taxed, and the rising … Continue reading →

Posted in Taxes | Comments Off on Love the Middle Class? Index Virginia’s Taxes!