Virginia’s September tax collections finished up 2.6 percent over the same month last year, ending the state’s first fiscal quarter comfortably ahead of its budgeted growth forecast.
Looking to reverse a slide in new polls, Republican Ken Cuccinelli claimed Wednesday his Democratic foe in Virginia’s governor’s race, Terry McAuliffe, would run up at least $12 billion in new state spending in four years.
Virginia’s general tax collections dipped slightly in August thanks to a routine drop in collections of individual income taxes withheld from salaries and paychecks and a decline in sales tax receipts.
The pay gap between the richest 1 percent and the rest of America widened to a record last year.
Married same-sex couples will be treated the same as opposite -sex couples for tax purposes, the Obama administration announced Thursday — whether they come out ahead or not.
Virginia taxpayers owe $53,530 in lawyers’ bills to a private law firm that took over an investigation of Gov. Bob McDonnell’s gifts from a political donor and businessman.
Even the wealthiest Americans are not prepared for their future.
Dozens of tea party groups and other conservative organizations of the kind subjected to improper scrutiny by the Internal Revenue Service operated with small budgets and rarely displayed overt partisan activities, according to an Associated Press review of public tax filings by 93 such activist groups. A few groups built million-dollar operations and political ties that could have been legitimate grounds for IRS investigation, tax law experts said.
Republican Ken Cuccinelli on Tuesday proposed slashing Virginia income taxes, including a one-third reduction in corporate tax rates, to cultivate business expansion and job growth.
The study from the prominent conservative think tank said immigrants granted new legal status under the bill would eat up more than $9 trillion in health, education, retirement and other benefits over their lifetime, while contributing only around $3 trillion in taxes.