Virginia
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blog
May 17, 2017Investors and Corporations Would Profit from a Federal Private School Voucher Tax Credit
A new report by the Institute on Taxation and Economic Policy (ITEP) and AASA, the School Superintendents Association, details how tax subsidies that funnel money toward private schools are being…
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report
May 17, 2017Public Loss Private Gain: How School Voucher Tax Shelters Undermine Public Education
One of the most important functions of government is to maintain a high-quality public education system. In many states, however, this objective is being undermined by tax policies that redirect…
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ITEP Work in Action
April 24, 2017The Commonwealth Institute: Working, Paying Taxes, Hitting Barriers
Unauthorized immigrants in Virginia contribute more than $250 million each year in state and local taxes. That’s a lot of money. But they could contribute even more – nearly $100…
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ITEP Work in Action
March 17, 2017The Half Sheet: You Can’t Cut Your Way to Prosperity
Virginia’s tax system is upside down. Regular Virginians pay a higher share of their income in state and local taxes than the wealthy and powerful. An array of recently proposed… -
ITEP Work in Action
January 22, 2016The Commonwealth Institute: Room for Improvement
“Virginia households with an average annual income of $59,000 would save an average of just $6.45 per year – less than the price of a movie ticket. And households making… -
ITEP Work in Action
April 21, 2015The Commonwealth Institute: Math that Works for All of Us
All told, undocumented Virginians currently pay $240.4 million a year in taxes to Virginia and its localities. That’s a 6.5 percent effective tax rate for the typical undocumented immigrant household.…
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ITEP Work in Action
January 21, 2015The Commonwealth Institute: Low-Income Taxpayers in Virginia Pay Higher Rate Than the Rich
The lowest income Virginians pay 74 percent more in taxes as a percent of their income compared to the state’s wealthiest residents, according to a new study released today by… -
ITEP Work in Action
September 23, 2013Center for American Progess: The Real Cost of Cuccinelli
Besides working on these major research projects, I developed CTJ/ITEP’s strong online media presence. One of the most important roles I play is as the primary web manager for both… -
ITEP Work in Action
July 10, 2013The Commonwealth Institute: Immigration Reform Generates Revenue
State and local tax contributions of undocumented immigrants in Virginia would increase 42 percent to $259.6 million from $183 million under immigration reform, according to a new report released today…
Related Resources
ITEP Publications about Virginia
Reports about Virginia using ITEP data
All items referencing Virginia
By the Numbers
| Personal Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | 2.0% - 5.75% |
| Standard Deduction |
|
| Personal Exemption | $930 |
| Dependent Exemption | $930 |
| Earned Income Tax Credit (EITC) | 20% Nonrefundable |
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| Corporate Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | N/A |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 6.00% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | No |
| Apportionment Factor (Sales) | 25% |
| Sales Tax Features (2015) | |
|---|---|
| State Sales Tax Rate | 4.30% |
| Average Local Sales Tax Rate | 0.30% |
| Average Combined State & Local Sales Tax Rate | 5.60% |
| State Sales Tax Treatment of Groceries | 1.5% |
| Local Sales Tax Treatment of Groceries | Taxed at 1.0% statewide local rate |
| Number of Services Taxed | 18 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | No |
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| Property Tax Features (2015) | |
|---|---|
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| Other Tax & Revenue Features (2015) | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.224 |
| Diesel Tax Rate (per gallon) | $0.261 |
| Cigarette Tax Rate (per pack) | $0.30 |
| Estate or Inheritance Tax | No |
| Net Lottery Sales Per Capita | $169 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes, but excludes at least one major tax |
| Tax Incidence Analysis Capability | Personal income tax only |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- Virginia Department of Taxation
- Center for Economic and Policy Studies (University of Virginia)
- Virginia General Assembly - Legislative Information System - State Budget
Tax Expenditure Reports
- Virginia Retail Sales and Use Tax Expenditure Study
- A Drop in the Bucket? (Unofficial report from the Commonwealth Institute)