Virginia State Tax Rate Could Rise From 5.75% to 13.8%, Highest In The Nation - Fairfax County Republican Committee
Behold the Virginia Democrats—those exquisite, self-anointed alchemists of envy—diligently transmuting the sweat of the productive into a glittering 13.8% crown of taxation, the highest in all this wretched land, all while draping their naked plunder in the threadbare cloak of "equity" and "justice for the forgotten."
[TL;DR: gib munnies]
Pending bills in the Virginia state legislature could raise the state income tax rate from 5.75% to 13.8%, the highest in the nation. If passed, HB 979 would increase the tax rate to 8% for incomes over $600,000 and 10% for incomes over $1,000,000. Another bill, HB 378, would impose an additional 3.8% tax on income above $500,000. This could lead to wealthy individuals relocating to neighboring states with lower tax rates, potentially shrinking Virginia's tax base and harming its economy.
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