Does Virginia have progressive taxes?
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Does Virginia have progressive taxes?
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When doing your state taxes, it’s easy to just click through the boxes and not think much about what they mean. So on this episode, we are doing a deep dive into Virginia state taxes. What are the types of taxes we pay, where does the money go and how did we wind up with the system we have? Resources: https://sfac.virginia.gov/pdf/Tax%20Policy/2024/08142024_No3_JLARC%20tax%20progressivity.pdf https://virginiamercury.com/2022/11/04/virginias-highest-tax-bracket-starts-at-17k-some-say-its-time-for-an-update/ https://www.tax.virginia.gov/sites/default/files/inline-files/2024-legislative-summary.pdf https://www.tax.virginia.gov/retail-sales-and-use-tax https://virginiamercury.com/2023/02/24/virginia-explained-why-can-just-nine-localities-impose-a-sales-tax-for-school-capital-projects/ https://vadogwood.com/2024/01/19/virginia-senate-votes-to-make-sales-tax-holiday-permanent/ https://www.tax.virginia.gov/sites/default/files/inline-files/2022-local-tax-rates.pdf https://virginiamercury.com/2025/02/02/democrats-ditch-youngkins-tax-plan-propose-1-billion-rebate-instead/https://budget.lis.virginia.gov/sessionreport/2024/2/2434