I think NC's infrastructure - at least until you get to the mountains - is better than Virginia's ... but it has more to do with terrain and less to do with funding. Virginia has about a billion waterways in populated areas that we have to build bridges over, but the coast of North Carolina is completely rural. And we have more interstate and highway going through Appalachia than they do - so that's a lot more mountain blasting in Virginia.awesome guy wrote:Have you ever been to NC?ElbertoHokie wrote: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.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.
So ... how high do taxes go?
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Re: So ... how high do taxes go?
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Re: So ... how high do taxes go?
not sure what you have seen of the infrastructure but it is a mess. Lots of bridges have major issues, only way to make a highway better is to make it a flex toll road and that is the only way any new highways or lanes are being built now. Yes it is a higher taxed state, income is max of 7.75% and some of the highest fuel taxes in the country. Taxes do not do anything to improve anything, that is obvious every day of our lives.ElbertoHokie wrote: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.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.
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Re: So ... how high do taxes go?
Virginia's infrastructure is in horrible shape. Every time I drive to my dad's in Myrtle Beach, I can't help but notice how much better the highways are in North Carolina. And NC is also making a LOT of headway in repairing and replacing aging bridges and overpasses. I'm not sure Virginia's done a goddamned thing on that front and it appears they aren't willing to start until we have a Minneapolis style collapse in Richmond. So we have to pay another 10¢ to 15¢ per gallon. If they phase it in right, we won't even notice it, but it has to be done.ElbertoHokie wrote: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.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.
As for the income tax, those brackets haven't changed as long as I can remember. When the top bracket was set at $17,000, that was a lot of money. Now you can make that flippin' burgers. The Federal brackets adjust for inflation every year. Virginia's hasn't changed it in something like 50 years. It's rigoddamdiculous and everybody knows it. The 5.75% top rate is pretty favorable, but not outrageously low. But it's applied across the board on too many Virginians. The brackets are currently:
$0 - $2,999............. 2%
$3,000 - $4,999....... 3%
$5,000 - $16,999..... 5%
$17,000 and over..... 5.75%
That's practically a flat tax rate. It SHOULD look more like:
$0 - $2,999............ 0%
$3,000 - $9,999...... 2%
$10,000 - $44,999... 3%
$45,000 - $99,999... 5%
$100,000 and over..... 7%
And those brackets should adjust for inflation every year, just as the federal tables do.
I don't care if you're a Democrat or a Republican... if you refuse to consider alternatives to the two parties, you support the Status Quo and you are a major part of the problem.
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Re: So ... how high do taxes go?
NC roads are in a constant state of disrepair and large sections closed for construction that never seems to end. I've been through 95 and 85 recently, they're both a disaster. 64 construction is going a lot better as it'll be completed sooner. I've never driven down 95 without there being some large section of jersey walls and a single lane with a phantom crew working. Even the major local bypasses are better in VA. City streets are typically better in NC, but that's the local government.BigDave wrote:I think NC's infrastructure - at least until you get to the mountains - is better than Virginia's ... but it has more to do with terrain and less to do with funding. Virginia has about a billion waterways in populated areas that we have to build bridges over, but the coast of North Carolina is completely rural. And we have more interstate and highway going through Appalachia than they do - so that's a lot more mountain blasting in Virginia.awesome guy wrote:Have you ever been to NC?ElbertoHokie wrote: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.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.
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Re: So ... how high do taxes go?
I agree.FireFuente wrote:A conservative Democrat is one that only votes with the party 95% of the time. Its a huge difference.ip_law-hokie wrote:You guys have a conservative Democrat as a governor. You will be fine.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.
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
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Re: So ... how high do taxes go?
NC roads are under construction because they're fixing stuff that Virginia is ignoring.awesome guy wrote:NC roads are in a constant state of disrepair and large sections closed for construction that never seems to end. I've been through 95 and 85 recently, they're both a disaster. 64 construction is going a lot better as it'll be completed sooner. I've never driven down 95 without there being some large section of jersey walls and a single lane with a phantom crew working. Even the major local bypasses are better in VA. City streets are typically better in NC, but that's the local government.BigDave wrote:I think NC's infrastructure - at least until you get to the mountains - is better than Virginia's ... but it has more to do with terrain and less to do with funding. Virginia has about a billion waterways in populated areas that we have to build bridges over, but the coast of North Carolina is completely rural. And we have more interstate and highway going through Appalachia than they do - so that's a lot more mountain blasting in Virginia.awesome guy wrote:Have you ever been to NC?ElbertoHokie wrote: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.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 don't care if you're a Democrat or a Republican... if you refuse to consider alternatives to the two parties, you support the Status Quo and you are a major part of the problem.
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Re: So ... how high do taxes go?
I find this to be curious. Like you, I support user taxes. It follows natural supply and demand dynamics, in which those who actually have a demand pay for the supply. But if we are embrace market-based taxes, why not fully embrace it? Its worth more to drive in the HOV lane at 5:30pm than it is at 5:30AM.ElbertoHokie wrote:I'm all for more of those but not ones that flex with demand like the beltway.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.
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
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Re: So ... how high do taxes go?
Why would VA fix NC problems?Hokie CPA wrote:NC roads are under construction because they're fixing stuff that Virginia is ignoring.awesome guy wrote:NC roads are in a constant state of disrepair and large sections closed for construction that never seems to end. I've been through 95 and 85 recently, they're both a disaster. 64 construction is going a lot better as it'll be completed sooner. I've never driven down 95 without there being some large section of jersey walls and a single lane with a phantom crew working. Even the major local bypasses are better in VA. City streets are typically better in NC, but that's the local government.BigDave wrote:I think NC's infrastructure - at least until you get to the mountains - is better than Virginia's ... but it has more to do with terrain and less to do with funding. Virginia has about a billion waterways in populated areas that we have to build bridges over, but the coast of North Carolina is completely rural. And we have more interstate and highway going through Appalachia than they do - so that's a lot more mountain blasting in Virginia.awesome guy wrote:Have you ever been to NC?ElbertoHokie wrote: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.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.
We do it better as our road crews work at night, minimizing impact. I see this more as a night owl/returning from fishing at 3am. Tons of VA construction that disappears at dawn. NC on the other hand puts large sections into a single lane, regardless if work is happening at the time or not. That's unacceptable in my opinion.
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Re: So ... how high do taxes go?
Lived there.awesome guy wrote:Have you ever been to NC?ElbertoHokie wrote: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.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.
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Re: So ... how high do taxes go?
Another 3 month stint before moving on or lived there for significant time?ElbertoHokie wrote:Lived there.awesome guy wrote:Have you ever been to NC?ElbertoHokie wrote: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.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.
Unvaccinated,. mask free, and still alive.
Re: So ... how high do taxes go?
Hokie CPA wrote:Virginia's infrastructure is in horrible shape. Every time I drive to my dad's in Myrtle Beach, I can't help but notice how much better the highways are in North Carolina. And NC is also making a LOT of headway in repairing and replacing aging bridges and overpasses. I'm not sure Virginia's done a goddamned thing on that front and it appears they aren't willing to start until we have a Minneapolis style collapse in Richmond. So we have to pay another 10¢ to 15¢ per gallon. If they phase it in right, we won't even notice it, but it has to be done.ElbertoHokie wrote: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.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.
As for the income tax, those brackets haven't changed as long as I can remember. When the top bracket was set at $17,000, that was a lot of money. Now you can make that flippin' burgers. The Federal brackets adjust for inflation every year. Virginia's hasn't changed it in something like 50 years. It's rigoddamdiculous and everybody knows it. The 5.75% top rate is pretty favorable, but not outrageously low. But it's applied across the board on too many Virginians. The brackets are currently:
$0 - $2,999............. 2%
$3,000 - $4,999....... 3%
$5,000 - $16,999..... 5%
$17,000 and over..... 5.75%
That's practically a flat tax rate. It SHOULD look more like:
$0 - $2,999............ 0%
$3,000 - $9,999...... 2%
$10,000 - $44,999... 3%
$45,000 - $99,999... 5%
$100,000 and over..... 7%
And those brackets should adjust for inflation every year, just as the federal tables do.
Nope. We need to soak high income earners in NOVA. Give them what voted for!
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Re: So ... how high do taxes go?
I'll ignore the snide comment. Lived in Charlotte for 2 years.awesome guy wrote:Another 3 month stint before moving on or lived there for significant time?ElbertoHokie wrote:Lived there.awesome guy wrote:Have you ever been to NC?ElbertoHokie wrote: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.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.
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Re: So ... how high do taxes go?
charlotte roads are a disaster, been here 27 years and it is a mess and will always be a disasterElbertoHokie wrote:I'll ignore the snide comment. Lived in Charlotte for 2 years.awesome guy wrote:Another 3 month stint before moving on or lived there for significant time?ElbertoHokie wrote:Lived there.awesome guy wrote:Have you ever been to NC?ElbertoHokie wrote: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.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.
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Re: So ... how high do taxes go?
Yep. People have to come in at 6 to avoid hour long commutes.cwtcr hokie wrote:charlotte roads are a disaster, been here 27 years and it is a mess and will always be a disasterElbertoHokie wrote:I'll ignore the snide comment. Lived in Charlotte for 2 years.awesome guy wrote:Another 3 month stint before moving on or lived there for significant time?ElbertoHokie wrote:Lived there.awesome guy wrote:Have you ever been to NC?ElbertoHokie wrote: 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?
Screw that...cut spending...Hokie CPA wrote:Virginia's infrastructure is in horrible shape. Every time I drive to my dad's in Myrtle Beach, I can't help but notice how much better the highways are in North Carolina. And NC is also making a LOT of headway in repairing and replacing aging bridges and overpasses. I'm not sure Virginia's done a goddamned thing on that front and it appears they aren't willing to start until we have a Minneapolis style collapse in Richmond. So we have to pay another 10¢ to 15¢ per gallon. If they phase it in right, we won't even notice it, but it has to be done.ElbertoHokie wrote: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.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.
As for the income tax, those brackets haven't changed as long as I can remember. When the top bracket was set at $17,000, that was a lot of money. Now you can make that flippin' burgers. The Federal brackets adjust for inflation every year. Virginia's hasn't changed it in something like 50 years. It's rigoddamdiculous and everybody knows it. The 5.75% top rate is pretty favorable, but not outrageously low. But it's applied across the board on too many Virginians. The brackets are currently:
$0 - $2,999............. 2%
$3,000 - $4,999....... 3%
$5,000 - $16,999..... 5%
$17,000 and over..... 5.75%
That's practically a flat tax rate. It SHOULD look more like:
$0 - $2,999............ 0%
$3,000 - $9,999...... 2%
$10,000 - $44,999... 3%
$45,000 - $99,999... 5%
$100,000 and over..... 7%
And those brackets should adjust for inflation every year, just as the federal tables do.
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Re: So ... how high do taxes go?
Using the brackets above, taxpayers with $45,000 of VATI pay $2,330 under the current system, but would pay only $1,190 under my proposal above. It's a tax cut for a lot of folks and soaks the NoVA folks (and anyone else with six figure income).WestEndHokie39 wrote:Screw that...cut spending...Hokie CPA wrote:Virginia's infrastructure is in horrible shape. Every time I drive to my dad's in Myrtle Beach, I can't help but notice how much better the highways are in North Carolina. And NC is also making a LOT of headway in repairing and replacing aging bridges and overpasses. I'm not sure Virginia's done a goddamned thing on that front and it appears they aren't willing to start until we have a Minneapolis style collapse in Richmond. So we have to pay another 10¢ to 15¢ per gallon. If they phase it in right, we won't even notice it, but it has to be done.ElbertoHokie wrote: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.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.
As for the income tax, those brackets haven't changed as long as I can remember. When the top bracket was set at $17,000, that was a lot of money. Now you can make that flippin' burgers. The Federal brackets adjust for inflation every year. Virginia's hasn't changed it in something like 50 years. It's rigoddamdiculous and everybody knows it. The 5.75% top rate is pretty favorable, but not outrageously low. But it's applied across the board on too many Virginians. The brackets are currently:
$0 - $2,999............. 2%
$3,000 - $4,999....... 3%
$5,000 - $16,999..... 5%
$17,000 and over..... 5.75%
That's practically a flat tax rate. It SHOULD look more like:
$0 - $2,999............ 0%
$3,000 - $9,999...... 2%
$10,000 - $44,999... 3%
$45,000 - $99,999... 5%
$100,000 and over..... 7%
And those brackets should adjust for inflation every year, just as the federal tables do.
Even for folks with $100,000 of VATI pay $5,490 under the current system and only $3,940 under my proposal. It's about putting a lower rate on a higher income base and slapping a higher rate on higher income.
In fact, it's a tax cut for everyone with VATI less than $224,200, if you set the two equations equal and solve for x.
I don't care if you're a Democrat or a Republican... if you refuse to consider alternatives to the two parties, you support the Status Quo and you are a major part of the problem.
Re: So ... how high do taxes go?
Because evil rich people just don't pay enough in taxes!Hokie CPA wrote:Even for folks with $100,000 of VATI pay $5,490 under the current system and only $3,940 under my proposal. It's about putting a lower rate on a higher income base and slapping a higher rate on higher income.
In fact, it's a tax cut for everyone with VATI less than $224,200, if you set the two equations equal and solve for x.
My wife and I are on track to pay 35% of our income in state and federal taxes this year. How much is enough to make you happy?
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Re: So ... how high do taxes go?
The HOV lanes from Aquia to Springfield in Virginia work exactly like that.. more expensive in peak times. Of course they are free with 3 people in the car.ip_law-hokie wrote:I find this to be curious. Like you, I support user taxes. It follows natural supply and demand dynamics, in which those who actually have a demand pay for the supply. But if we are embrace market-based taxes, why not fully embrace it? Its worth more to drive in the HOV lane at 5:30pm than it is at 5:30AM.ElbertoHokie wrote:I'm all for more of those but not ones that flex with demand like the beltway.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.
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Re: So ... how high do taxes go?
I know. That’s the way it should be.CFB Apologist wrote:The HOV lanes from Aquia to Springfield in Virginia work exactly like that.. more expensive in peak times. Of course they are free with 3 people in the car.ip_law-hokie wrote:I find this to be curious. Like you, I support user taxes. It follows natural supply and demand dynamics, in which those who actually have a demand pay for the supply. But if we are embrace market-based taxes, why not fully embrace it? Its worth more to drive in the HOV lane at 5:30pm than it is at 5:30AM.ElbertoHokie wrote:I'm all for more of those but not ones that flex with demand like the beltway.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.
How do they tell if there are more than three people in the car? Just curious.
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With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
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Re: So ... how high do taxes go?
I'd cut the shiRt out of the federal tax. I want government to be local, and at the state level, we've got serious infrastructure problems and we need to repair and upgrade a whole lot of roads in the Commonwealth. The gasoline tax needs to go up.BigDave wrote:Because evil rich people just don't pay enough in taxes!Hokie CPA wrote:Even for folks with $100,000 of VATI pay $5,490 under the current system and only $3,940 under my proposal. It's about putting a lower rate on a higher income base and slapping a higher rate on higher income.
In fact, it's a tax cut for everyone with VATI less than $224,200, if you set the two equations equal and solve for x.
My wife and I are on track to pay 35% of our income in state and federal taxes this year. How much is enough to make you happy?
As for the income tax, I don't have a problem with the top rate being 5.75%. I'm on your side on this one. I went to 7% to answer the question which was asked regarding what Democrat legislature would do. The problem is the lack of change to the brackets. Keep the top rate at 5.75% but widen the brackets.... it's a tax cut. Even if you create a 7% rate for top earners, it's still a tax cut for almost everyone. My point is that it's ridiculous that you get to the top rate at $17,000 of taxable income. That's what needs to change.
Last edited by Hokie CPA on Wed Nov 08, 2017 6:37 pm, edited 1 time in total.
I don't care if you're a Democrat or a Republican... if you refuse to consider alternatives to the two parties, you support the Status Quo and you are a major part of the problem.
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Re: So ... how high do taxes go?
You're for extortion via not improving regular flow, just making it a $10 commute so that the rich have 3 lanes to themselves? Typical liberal plan of exclusion and segregation.ip_law-hokie wrote:I know. That’s the way it should be.CFB Apologist wrote:The HOV lanes from Aquia to Springfield in Virginia work exactly like that.. more expensive in peak times. Of course they are free with 3 people in the car.ip_law-hokie wrote:I find this to be curious. Like you, I support user taxes. It follows natural supply and demand dynamics, in which those who actually have a demand pay for the supply. But if we are embrace market-based taxes, why not fully embrace it? Its worth more to drive in the HOV lane at 5:30pm than it is at 5:30AM.ElbertoHokie wrote:I'm all for more of those but not ones that flex with demand like the beltway.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.
How do they tell if there are more than three people in the car? Just curious.
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Re: So ... how high do taxes go?
you are way low Dave, add in all the taxes you pay and you like me are paying about 50% of our gross income to some form of taxes..... its effing nuts, but not enoughBigDave wrote:Because evil rich people just don't pay enough in taxes!Hokie CPA wrote:Even for folks with $100,000 of VATI pay $5,490 under the current system and only $3,940 under my proposal. It's about putting a lower rate on a higher income base and slapping a higher rate on higher income.
In fact, it's a tax cut for everyone with VATI less than $224,200, if you set the two equations equal and solve for x.
My wife and I are on track to pay 35% of our income in state and federal taxes this year. How much is enough to make you happy?
This ponzi scheme will explode one day, buy more bullets
- ip_law-hokie
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Re: So ... how high do taxes go?
Except if its Republicans increasing the debt.cwtcr hokie wrote:you are way low Dave, add in all the taxes you pay and you like me are paying about 50% of our gross income to some form of taxes..... its effing nuts, but not enoughBigDave wrote:Because evil rich people just don't pay enough in taxes!Hokie CPA wrote:Even for folks with $100,000 of VATI pay $5,490 under the current system and only $3,940 under my proposal. It's about putting a lower rate on a higher income base and slapping a higher rate on higher income.
In fact, it's a tax cut for everyone with VATI less than $224,200, if you set the two equations equal and solve for x.
My wife and I are on track to pay 35% of our income in state and federal taxes this year. How much is enough to make you happy?
This ponzi scheme will explode one day, buy more bullets
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
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Re: So ... how high do taxes go?
so the electrics and hybrids get to ride for free.....free is great!!!Hokie CPA wrote:I'd cut the shiRt out of the federal tax. I want government to be local, and at the state level, we've got serious infrastructure problems and we need to repair and upgrade a whole lot of roads in the Commonwealth. The gasoline tax needs to go up.BigDave wrote:Because evil rich people just don't pay enough in taxes!Hokie CPA wrote:Even for folks with $100,000 of VATI pay $5,490 under the current system and only $3,940 under my proposal. It's about putting a lower rate on a higher income base and slapping a higher rate on higher income.
In fact, it's a tax cut for everyone with VATI less than $224,200, if you set the two equations equal and solve for x.
My wife and I are on track to pay 35% of our income in state and federal taxes this year. How much is enough to make you happy?
As for the income tax, I don't have a problem with the top rate being 5.75%. I'm on your side on this one. I went to 7% to answer the question which was asked regarding what Democrat legislature would do. The problem is the lack of change to the brackets. Keep the top rate at 5.75% but widen the brackets.... it's a tax cut. Even if you create a 7% rate for top earners, it's still a tax cut for almost everyone. My point is that it's ridiculous that you get to the top rate at $17,000 of taxable income. That's what needs to change.
- Hokie CPA
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Re: So ... how high do taxes go?
Nah.... tack a road maintenance surcharge onto their property tax bill, applicable only to electric and hybrid vehicles. Of course, that doesn't help with out of state residents, but there's nothing to fix that short of putting tolls on every road in the Commonwealth. You're just going to have a much easier time fixing the gas tax shortfall than by applying tolls. The P-town citizenry is STILL bitching non-stop about the tunnel tolls.cwtcr hokie wrote:so the electrics and hybrids get to ride for free.....free is great!!!Hokie CPA wrote:I'd cut the shiRt out of the federal tax. I want government to be local, and at the state level, we've got serious infrastructure problems and we need to repair and upgrade a whole lot of roads in the Commonwealth. The gasoline tax needs to go up.BigDave wrote:Because evil rich people just don't pay enough in taxes!Hokie CPA wrote:Even for folks with $100,000 of VATI pay $5,490 under the current system and only $3,940 under my proposal. It's about putting a lower rate on a higher income base and slapping a higher rate on higher income.
In fact, it's a tax cut for everyone with VATI less than $224,200, if you set the two equations equal and solve for x.
My wife and I are on track to pay 35% of our income in state and federal taxes this year. How much is enough to make you happy?
As for the income tax, I don't have a problem with the top rate being 5.75%. I'm on your side on this one. I went to 7% to answer the question which was asked regarding what Democrat legislature would do. The problem is the lack of change to the brackets. Keep the top rate at 5.75% but widen the brackets.... it's a tax cut. Even if you create a 7% rate for top earners, it's still a tax cut for almost everyone. My point is that it's ridiculous that you get to the top rate at $17,000 of taxable income. That's what needs to change.
I don't care if you're a Democrat or a Republican... if you refuse to consider alternatives to the two parties, you support the Status Quo and you are a major part of the problem.