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Virginia Sales Taxes Article
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Are State Sales Taxes Fair?
from:In many places, state sales taxes are in force, but the question we have to ask is if they are fair to the majority of the residents of those states. For example, state sales taxes in New York State are only four per cent, but if you go to New York City, you will pay 8.375 per cent. The inequity of these amounts seems to create a rather substantial burden on those on a fixed income or who have little money to spend on anything beyond basic needs. Certainly those people can shop or move out of the city and pay less state sales taxes, but what about those who are unable to do either of those things? There is need for a more even structure such as exists in New Jersey where the 7 per cent sales tax is divided evenly with the municipality, resulting in an effective 3.5 per cent sales tax for the state of New Jersey.
On the other hand, if the state sales taxes were to be regulated in such a way as to allow the same equality and exemptions in each of the 44 states that makes use of this financial tool, it may perhaps solve some of the inequities that exist within the areas of state sales taxes. The programs are not structured evenly among the states regarding the items that are exempt, which makes it difficult for those on a fixed income who live in a state where everything including food is taxed when in the very next state both food and clothing are exempt from state sales taxes. Looking at the percentages some of the states charge, it is little wonder why people in certain states are struggling more than others. When you add the cost of sales tax on already high food and clothing costs and combine that with housing and fuel costs, the struggles are enormous for those on low income or fixed income.
If you take the time to look at the charts of state sales taxes, you will find rates that range from four per cent up to over nine per cent. The question that we must ask ourselves as consumers and taxpaying citizens is why six states can make their budget needs without a sales tax while others feel the need to have both. This is evidenced by the fact that forty-four states have a sales tax and forty-one have a state tax. Even if you eliminate the six states that do not have a sales tax that still leaves thirty-eight states that are charging both a state sales tax and a state income tax. It's time for the people in those states to ask why there is a need for both.
Virginia Sales Taxes News
Virginia grants sales-tax holiday for hurricane prep
When life hands you hurricanes, cut taxes. That’s the thinking in Virginia, where the approach of hurricane season means a sales-tax holiday. Between May 25 and 31, shoppers can stock up on storm supplies without having to pay the 5 percent state and local sales tax. Read full article >>
Read more...Study recommends cutting Virginia taxes
RICHMOND The rich may be rich and the poor may be poor, but a nonpartisan think tank says there’s a way to eliminate state income taxes on the poorest Virginians while providing as much as a 10 percent tax cut to everyone else.
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Although headquartered in State, Amazon already collects sales tax in Kansas, Kentucky, , North Dakota and . What's more, here's a coming his list where and when you'll be taxed on Amazon purchases: Texas, July 2012 California, September 2012 Virginia, September 2013 Indiana, January 2014 Nevada, January 2014 Tennessee, January 2014 South Carolina, January 2016 ...
Read more...Fitch Rates Virginia Beach Development Authority, VA's $49.8MM Revs 'AA'; Outlook Stable
Fitch Ratings assigns an 'AA' rating to the following Virginia Beach Development Authority, Virginia revenue bonds:
Read more...Thomas Jefferson Institute touts plan for revamping Va. taxes
Think college tuition is high now? How would you like to pay sales tax on that? A group looking for a way to revamp Virginia taxes has proposed extending the state sales tax to college tuition. By applying the tax to more items and services, Virginia could cut or eliminate business and personal income taxes without losing revenue, a conservative public policy foundation announced Friday. Read ...
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