HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.
![handle is hein.taxfoundation/srbchxz0001 and id is 1 raw text is: March 2004
No. 127
C h r
ro i a i vili
)vernor Mark W-,
K increase was ii
Ign promise not
referendum in N
ly defeated, and mar
if voters in Virginia
e reeon would not
issue was decl(
,wever, by la
iced his cam
ig Virginia's
20(
[gn
sup.
r qu
ar
cm was out
/1rgii
ise taN
-rn Vir
endurE
dits cc
,t liber
rn a nationwr
overnor Warn,
details of his
indistinguist
20 years. It i
)mparis(
mprovements coul
Scode, but when I
so-called reform, il
tble from dozensc
nacted by various
products. Smaller, targete
cluded in the mix. Amon
meritorious changes that
collection and would qua
they are trivial compared
of the plan. In fact, as flav
code is, the Virginia legisl
be better off keeping the
is diS5
ad that he n(
Dmvetitiven(
Smuchis
bconomists re
tax burden and tax
In Virginia, the
burden has been m
ards,ranj
f income
ie nation
ercent to
Measu
ngthen Virgi
t1ons
?le earn? and
ected efficienw
-stem does no-
mnomic decisi,
)mbr
by nation:
70ing from 8.9 p(
during the last
al average has r,,
10.2 percent.
red by its tax n
Meanw]
from 9.6
citizens' economic
tdiced by the tax c
.the tax system sih
o1 comply with, be
dweight loss to th
eforms kee the o
ire mc
ie Tax
I1 tax r
iize gr
(4 bi
with
rm is
always possible
omic growth
tax base broad
isosare not
True tax refo
er, both to enff
.se tax compliai
-onomy. Finally
Jl tax burden if
iat reg1onalcompetition is
business will expand wht
tion
irgi
onom b
rent incorm
rates up to
ent incom(
rate incom,
ign,
luded that
dgh-incom
rnour
be r
- income taxes,
ixes on specific
cuts are in-
details are a fev
d simplify tax
i reforms, but
rner or](ViewImageLocal?handle=hein.taxfoundation/srbchxz0001&div=1&collection=&method=preview&ext=.png&size=3)