Virginia considers new 10% tax on millionaires to fund schools, child care, housing
HB 188, introduced by Virginia Beach Del. Kelly Convirs-Fowler, would add a 10% tax on income over $1M, directing new revenue to schools, child care and housing. VIRGINIA, USA — A proposal to create a new income tax bracket for Virginia’s highest earners is moving through the General Assembly, aiming to generate new revenue for …
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