Virginia has the Fifth Lowest Tax Burden in the Nation for 2011

Oct 28, 2013


In Fiscal Year (FY) 2011, Virginia collected $32.2 billion in state and local taxes. While this is an impressive sum of money, it tells us little about whether or not the average Oklahoma taxpayer can afford this level of taxation.


As shown in the charts below, Virginia’s state and local tax burden (tax collections divided by personal income) was the 5th lowest in the nation for FY 2011 at 8.7 percent—or 17.1 percent below the national average of 10.5 percent. Not surprisingly, the tax burden has grown modestly over time by 34.1 percent to 8.7 percent in FY 2011 from 6.5 percent in FY 1950.


Virginia’s low tax burden is not driven by any particular element in their tax code. While Virginia’s individual income tax burden in high relative to the national average (2.6 percent, 16th highest in the country), it is more than offset by a low sales tax burden (1.2 percent, 45th highest in the country). The remaining taxes (property, corporate income, and all other) are all below average.


Click here to view tax burden data.


Virginia_Tax_Burden_1950_to_2011.jpg


Virginia_Tax_Burden_2011.jpg



Category: Tax Burdens

J. Scott Moody

J. Scott Moody has over 18 years as a public policy economist with a specialty in tax policy and has over 180 publications. He has worked for numerous national and state-based think tanks such as Federalism In Action, Tax Foundation, Heritage Foundation, and The Maine Heritage Policy Center.


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