If you count property taxes, real estate taxes, sales taxes, utility taxes, twice taxes dividends, sin taxes, luxury taxes, user fees, tolls It's way over 50 percent for many. That governments could be running deficits with these insane income streams really shows what a sloppy, slovenly and stinky operation it runs. |
| She should do a better job with cleaning up these intersections and partial lanes due to the snow. She needs to manage VDOT better. |
Are we? Because the PP said “wealthy”, not ultra rich. Either way, there is no evidence that this happens. https://www.forbes.com/sites/teresaghilarducci/2025/12/29/do-wealth-taxes-really-make-billionaires-leave/ “Decades of economic research show that billionaire “flight” is rare, exaggerated, and often confused with tax avoidance through accounting maneuvers rather than physical relocation. That distinction matters. Policymakers who mistake avoidance for exit risk misdesign taxes and leave substantial revenue on the table. The proposed one-time wealth tax in California is exceptionally well-designed.” |
So maybe the tax cuts for billionaires that drove up the deficit wasn’t a good idea? |
Trump has made the economy so good that nobody goes after millionaires anymore.. everybody is a millionaire and too many votes. Envy has moved to billionaires. Thanks Trump !!! |
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The current maximum state + local income tax rates in the DMV are as follows: Virginia: 5.75% Maryland (6.5%) + Bethesda (3.2%): 9.7% DC: 10.75% For persons with $1M of taxable income, they pay $57,500 if they live in Virginia, $97,000 in Maryland, or $107,500 in DC. We absolutely chose to live in Virginia over DC to save the $50k in taxes (as well as to have access to in-state tuition for our kids to VA universities). If Virginia raises taxes to over 10%, we'd just move to DC and be part of the gentrification of DC. |
Not a single citation in that statement to back up the claim. The article immediately switches topic to discuss the "one-time" wealth tax. If you believe this one-time nonsense, I have a bridge I want to sell you. |
How much do you make? How much of it is over $1m? We make ~$2.5M HHI. Using very simple math/accounting: 5.75% => $144k VA tax If the legislation passes (it's not even out of committee yet BTW): 5.75% + 10% for over $1M => $208k VA tax Are we going to move over $64k? No. That's less than 3% of our income and a fraction of what we'd pay for realtor fees to sell our house. In reality, it'd be less than that with various deductions. And if we were going to move, it'd probably be somewhere with even more taxes. Republican histrionics aren't based in reality. |
Is your mouse broken? Did you not look at the multiple citations, linked right from the article? https://www.journals.uchicago.edu/doi/10.17310/ntj.2011.2.02 https://www.aeaweb.org/articles?id=10.1257/aer.20150237 https://academic.oup.com/qje/article-abstract/129/1/333/1899540?redirectedFrom=fulltext |
You do you. I wasn't hypothesizing that someone would move out of Virginia to save taxes. I was hypothesizing that there are plenty of people that WORK in DC, but chose to live in VA for various reasons, one of which might have been lower taxes. I know I made this choice and the tax savings was material enough that I was willing to commute into DC. If VA eliminates the tax savings, those people may chose to move to DC to be closer to work. As someone else noted, commuting sucks. |
You can certainly decide what you want to do, but you're comparing a one-time cost (realtor fees) to an on-going (yearly tax) cost that is likely to continue to rise. |
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not only do dems want to make a ton more taxes, just random taxed bs they're *fighting* getting rid of the personal property car tax even though we have a surplus!
Why? |
Don't you have to add the annual taxes on personal property as well for VA? I don't know how much those are. Also, what's property tax in VA vs. DC or MD? |
I was responding to the person who wrote "If Virginia raises taxes to over 10%, we'd just move to DC and be part of the gentrification of DC." |