Virginia Gov. Mark Warner has a tax reform package designed to close a $1.2 billion two-year budget shortfall. Warner said that under this plan, 65 percent of Virginia households will pay less, with the heavy lifting provided by "closing corporate loopholes" increasing the cigarette tax, and adding one cent to the sales tax.
To illustrate the effects of the tax measures on individual families, the Virginia Department of Taxation developed an online tax calculator. The taxpayer answers a series of questions and receives an estimate of tax increase or decrease. "This on-line calculator allows individuals and families to see for themselves," said Warner.
