So ... how high do taxes go?

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BigDave
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So ... how high do taxes go?

Post by BigDave »

Now that democrats have a lock on both houses, how high do they raise Virginia's taxes? 5.75% is currently the top rate. I'm thinking it goes up to at least 10.
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Re: So ... how high do taxes go?

Post by ip_law-hokie »

BigDave wrote:Now that democrats have a lock on both houses, how high do they raise Virginia's taxes? 5.75% is currently the top rate. I'm thinking it goes up to at least 10.
You guys have a conservative Democrat as a governor. You will be fine.


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Re: So ... how high do taxes go?

Post by awesome guy »

ip_law-hokie wrote:
BigDave wrote:Now that democrats have a lock on both houses, how high do they raise Virginia's taxes? 5.75% is currently the top rate. I'm thinking it goes up to at least 10.
You guys have a conservative Democrat as a governor. You will be fine.


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Re: So ... how high do taxes go?

Post by BG Hokie »

BigDave wrote:Now that democrats have a lock on both houses, how high do they raise Virginia's taxes? 5.75% is currently the top rate. I'm thinking it goes up to at least 10.
10% in the near term? In this political cycle? I'd say that's pretty unlikely. They will certainly look to raise revenue through taxes because God knows they won't cut the budget. But 10% would shock me and that would likely be enough to make their majority short lived (hopefully).
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Re: So ... how high do taxes go?

Post by HokieHam »

ip_law-hokie wrote:
BigDave wrote:Now that democrats have a lock on both houses, how high do they raise Virginia's taxes? 5.75% is currently the top rate. I'm thinking it goes up to at least 10.
You guys have a conservative Democrat as a governor. You will be fine.


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LOL.....all the Democrats want is a march to Socialism by incrementalism. I can’t wait to see what happens to VA now that they have complete control. Dems march in lock step, so it shouldn’t take long to find out. It’s gonna be the free shiRt army coming to the rescue.
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Re: So ... how high do taxes go?

Post by HokieJoe »

Lol, I hope they do raise it to 10%. Give VA voters exactly what they voted for. Dipshiites.
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Re: So ... how high do taxes go?

Post by BigDave »

BG Hokie wrote:
BigDave wrote:Now that democrats have a lock on both houses, how high do they raise Virginia's taxes? 5.75% is currently the top rate. I'm thinking it goes up to at least 10.
10% in the near term? In this political cycle? I'd say that's pretty unlikely. They will certainly look to raise revenue through taxes because God knows they won't cut the budget. But 10% would shock me and that would likely be enough to make their majority short lived (hopefully).
They're not going to go up to 10% for everyone - they're going to go up to 10% for the "rich" (and by rich, we mean "upper middle class"). And once that happens, it's the same game as with federal taxes. You can raise taxes on the supposed "rich" all day long, but you can never cut them because that's demagogued as "tax cuts for the rich".

Virginia has what is almost a flat tax - it's graduated, but you hit the 5.75% tax rate at $17K of income. So it's almost flat.

I predict that what they do first is they phase out the lower brackets - so if you make over, say, $80K, then you do pay a flat 5.75% tax. That's "fair", right? Then they will add 6% at $100K and 7% at $200K, because the rich ought to pay their fair share.

And it's completely impossible to ever cut taxes because only the rich would benefit from the tax cut.
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Re: So ... how high do taxes go?

Post by CFB Apologist »

BigDave wrote:Now that democrats have a lock on both houses, how high do they raise Virginia's taxes? 5.75% is currently the top rate. I'm thinking it goes up to at least 10.
The disgusting, racist ad aside..how did that happen? Didn't the repubs need to lose 17 seats? Thats absurd??
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Re: So ... how high do taxes go?

Post by CFB Apologist »

BigDave wrote:
BG Hokie wrote:
BigDave wrote:Now that democrats have a lock on both houses, how high do they raise Virginia's taxes? 5.75% is currently the top rate. I'm thinking it goes up to at least 10.
10% in the near term? In this political cycle? I'd say that's pretty unlikely. They will certainly look to raise revenue through taxes because God knows they won't cut the budget. But 10% would shock me and that would likely be enough to make their majority short lived (hopefully).
They're not going to go up to 10% for everyone - they're going to go up to 10% for the "rich" (and by rich, we mean "upper middle class"). And once that happens, it's the same game as with federal taxes. You can raise taxes on the supposed "rich" all day long, but you can never cut them because that's demagogued as "tax cuts for the rich".

Virginia has what is almost a flat tax - it's graduated, but you hit the 5.75% tax rate at $17K of income. So it's almost flat.

I predict that what they do first is they phase out the lower brackets - so if you make over, say, $80K, then you do pay a flat 5.75% tax. That's "fair", right? Then they will add 6% at $100K and 7% at $200K, because the rich ought to pay their fair share.

And it's completely impossible to ever cut taxes because only the rich would benefit from the tax cut.
Get used to it, so long as "nova" is nova and dudes like CPRV hokie vote in tidewater.....you would think two of the 3 richest counties in the United States would be conservative/republican- you know, the evil rich people warren and bernie hate..but "these" rich people work for the government- that changes the game. Virginia will be blue the next 60 years.
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Re: So ... how high do taxes go?

Post by UpstateSCHokie »

CFB Apologist wrote:
Get used to it, so long as "nova" is nova and dudes like CPRV hokie vote in tidewater.....you would think two of the 3 richest counties in the United States would be conservative/republican- you know, the evil rich people warren and bernie hate..but "these" rich people work for the government- that changes the game. Virginia will be blue the next 60 years.
CPRV hokie - god that guy is such an annoying arrogant/ignorant turd. So glad he doesn't post over here.
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Re: So ... how high do taxes go?

Post by CFB Apologist »

UpstateSCHokie wrote:
CFB Apologist wrote:
Get used to it, so long as "nova" is nova and dudes like CPRV hokie vote in tidewater.....you would think two of the 3 richest counties in the United States would be conservative/republican- you know, the evil rich people warren and bernie hate..but "these" rich people work for the government- that changes the game. Virginia will be blue the next 60 years.
CPRV hokie - god that guy is such an annoying arrogant/ignorant turd. So glad he doesn't post over here.
Typical liberal white dude that lived/lives in the ghetto- which is fine- but EVERYTHING to him is racist, every white dude has an agenda against minorities, every post is hidden racism, UWS etc. He blasted daisyWV the other day with "what do you mean the Miami players look like thugs"..- he knew exactly what she meant and he got pissed/offended because she is correct.
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Re: So ... how high do taxes go?

Post by ip_law-hokie »

CFB Apologist wrote:
UpstateSCHokie wrote:
CFB Apologist wrote:
Get used to it, so long as "nova" is nova and dudes like CPRV hokie vote in tidewater.....you would think two of the 3 richest counties in the United States would be conservative/republican- you know, the evil rich people warren and bernie hate..but "these" rich people work for the government- that changes the game. Virginia will be blue the next 60 years.
CPRV hokie - god that guy is such an annoying arrogant/ignorant turd. So glad he doesn't post over here.
Typical liberal white dude that lived/lives in the ghetto- which is fine- but EVERYTHING to him is racist, every white dude has an agenda against minorities, every post is hidden racism, UWS etc. He blasted daisyWV the other day with "what do you mean the Miami players look like thugs"..- he knew exactly what she meant and he got pissed/offended because she is correct.
You guys shouldn’t be so fragile. Man up.


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Re: So ... how high do taxes go?

Post by HokieJoe »

UpstateSCHokie wrote:
CFB Apologist wrote:
Get used to it, so long as "nova" is nova and dudes like CPRV hokie vote in tidewater.....you would think two of the 3 richest counties in the United States would be conservative/republican- you know, the evil rich people warren and bernie hate..but "these" rich people work for the government- that changes the game. Virginia will be blue the next 60 years.
CPRV hokie - god that guy is such an annoying arrogant/ignorant turd. So glad he doesn't post over here.

Nah, he should come over. See how he does outside his little safe space.
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Re: So ... how high do taxes go?

Post by HokieJoe »

ip_law-hokie wrote:
CFB Apologist wrote:
UpstateSCHokie wrote:
CFB Apologist wrote:
Get used to it, so long as "nova" is nova and dudes like CPRV hokie vote in tidewater.....you would think two of the 3 richest counties in the United States would be conservative/republican- you know, the evil rich people warren and bernie hate..but "these" rich people work for the government- that changes the game. Virginia will be blue the next 60 years.
CPRV hokie - god that guy is such an annoying arrogant/ignorant turd. So glad he doesn't post over here.
Typical liberal white dude that lived/lives in the ghetto- which is fine- but EVERYTHING to him is racist, every white dude has an agenda against minorities, every post is hidden racism, UWS etc. He blasted daisyWV the other day with "what do you mean the Miami players look like thugs"..- he knew exactly what she meant and he got pissed/offended because she is correct.
You guys shouldn’t be so fragile. Man up.


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Re: So ... how high do taxes go?

Post by ip_law-hokie »

HokieJoe wrote:
UpstateSCHokie wrote:
CFB Apologist wrote:
Get used to it, so long as "nova" is nova and dudes like CPRV hokie vote in tidewater.....you would think two of the 3 richest counties in the United States would be conservative/republican- you know, the evil rich people warren and bernie hate..but "these" rich people work for the government- that changes the game. Virginia will be blue the next 60 years.
CPRV hokie - god that guy is such an annoying arrogant/ignorant turd. So glad he doesn't post over here.

Nah, he should come over. See how he does outside his little safe space.
Seems to me that Uppity and CFB need their safe space. Not CPRV.


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Re: So ... how high do taxes go?

Post by USN_Hokie »

HokieJoe wrote:
UpstateSCHokie wrote:
CFB Apologist wrote:
Get used to it, so long as "nova" is nova and dudes like CPRV hokie vote in tidewater.....you would think two of the 3 richest counties in the United States would be conservative/republican- you know, the evil rich people warren and bernie hate..but "these" rich people work for the government- that changes the game. Virginia will be blue the next 60 years.
CPRV hokie - god that guy is such an annoying arrogant/ignorant turd. So glad he doesn't post over here.

Nah, he should come over. See how he does outside his little safe space.
The Lounge isn't even safe enough for him. He had to give himself a 2 week timeout in full FloHo fashion because I was factsplaining to him.
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Re: So ... how high do taxes go?

Post by awesome guy »

USN_Hokie wrote:
HokieJoe wrote:
UpstateSCHokie wrote:
CFB Apologist wrote:
Get used to it, so long as "nova" is nova and dudes like CPRV hokie vote in tidewater.....you would think two of the 3 richest counties in the United States would be conservative/republican- you know, the evil rich people warren and bernie hate..but "these" rich people work for the government- that changes the game. Virginia will be blue the next 60 years.
CPRV hokie - god that guy is such an annoying arrogant/ignorant turd. So glad he doesn't post over here.

Nah, he should come over. See how he does outside his little safe space.
The Lounge isn't even safe enough for him. He had to give himself a 2 week timeout in full FloHo fashion because I was factsplaining to him.
Has FloHo come out of the closet yet?
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Re: So ... how high do taxes go?

Post by HokieHam »

Moved to another thread.
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Re: So ... how high do taxes go?

Post by Major Kong »

What happens with a 50/50 split in the House of Delegates :?:

Doesn't the GOP still hold a 21/19 advantage in the Senate :?:
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Re: So ... how high do taxes go?

Post by FireFuente »

ip_law-hokie wrote:
BigDave wrote:Now that democrats have a lock on both houses, how high do they raise Virginia's taxes? 5.75% is currently the top rate. I'm thinking it goes up to at least 10.
You guys have a conservative Democrat as a governor. You will be fine.
A conservative Democrat is one that only votes with the party 95% of the time. Its a huge difference.
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Re: So ... how high do taxes go?

Post by Hokie CPA »

If they're smart they'll fix the gasoline tax problem first. It needs to be doubled and indexed for inflation (gas tax should be about 10% of the average price per gallon of gasoline rather than the flat 13¢ per gallon, or whatever it is, the Commonwealth currently collects).

If they want to raise the income tax, the creation of new brackets makes the most sense. Maybe create a 0% bracket at the bottom and create a 7% bracket for VATI greater than $50,000.
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Re: So ... how high do taxes go?

Post by BigDave »

I had forgotten that the Senate was now 21-19 ... it was 20-20, but one Democrat resigned/retired and a Republican was elected to replace him. That makes me a little more hopeful about things.

As for how the House will work? That depends. When it was 50/50 before, there was a power struggle and Democrats used parliamentary rules to hold onto the committee chairmenships until Virgil Goode (then a conservative democrat) said no, this is not right, there should be power sharing since it's a 50/50 split. He threatened to vote with the GOP on speakerships, etc, unless the democrats agreed to share power and so they struck a deal. (Ultimately, I think Gilmore was governor and he picked off some democrats into state jobs to give the GOP a one-seat majority. And of course Goode became an independent, then a Republican, then a Constitution Party person.)

Also worth noting is that when it was a 50/50 split before, there were plenty of moderates on both sides. But now the moderates are completely gone from the democrat party and mostly gone from the Republican party. So there isn't likely to be a lot of compromise.
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Re: So ... how high do taxes go?

Post by ElbertoHokie »

Hokie CPA wrote:If they're smart they'll fix the gasoline tax problem first. It needs to be doubled and indexed for inflation (gas tax should be about 10% of the average price per gallon of gasoline rather than the flat 13¢ per gallon, or whatever it is, the Commonwealth currently collects).

If they want to raise the income tax, the creation of new brackets makes the most sense. Maybe create a 0% bracket at the bottom and create a 7% bracket for VATI greater than $50,000.
I think NC is taxed pretty highly, but their infrastructure is in far better shape than Virginia's. After living in Florida, I also like the "use tax" tolls that they put on many of their state roads. It works and the toll roads are well maintained. I'm all for more of those but not ones that flex with demand like the beltway.
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Re: So ... how high do taxes go?

Post by BigDave »

Hokie CPA wrote:If they're smart they'll fix the gasoline tax problem first. It needs to be doubled and indexed for inflation (gas tax should be about 10% of the average price per gallon of gasoline rather than the flat 13¢ per gallon, or whatever it is, the Commonwealth currently collects).

If they want to raise the income tax, the creation of new brackets makes the most sense. Maybe create a 0% bracket at the bottom and create a 7% bracket for VATI greater than $50,000.
I thought the gas tax was already converted to a percentage-based tax when McDonnell was governor?

And adding more brackets only makes sense if your goal is to ensure that taxes can never be lowered.
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Re: So ... how high do taxes go?

Post by awesome guy »

ElbertoHokie wrote:
Hokie CPA wrote:If they're smart they'll fix the gasoline tax problem first. It needs to be doubled and indexed for inflation (gas tax should be about 10% of the average price per gallon of gasoline rather than the flat 13¢ per gallon, or whatever it is, the Commonwealth currently collects).

If they want to raise the income tax, the creation of new brackets makes the most sense. Maybe create a 0% bracket at the bottom and create a 7% bracket for VATI greater than $50,000.
I think NC is taxed pretty highly, but their infrastructure is in far better shape than Virginia's. After living in Florida, I also like the "use tax" tolls that they put on many of their state roads. It works and the toll roads are well maintained. I'm all for more of those but not ones that flex with demand like the beltway.
Have you ever been to NC?
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