Great day if you’re a bureaucrat, from the RTD [1]:
Virginia’s revenue collections rose 9.7 percent in September over the same month a year ago, outpacing state forecasts by 2.5 percent over the first three months of the fiscal year.
Estimated payments of non-withholding income taxes — reflecting gains on stock sales and collections from professionals who don’t withhold taxes from their paychecks — rose 23.8 percent over the same month a year ago.
Payroll withholding taxes increased 11.9 percent and collections of recordation taxes — levied on wills, deeds, lawsuits and contracts — rose by 11.7 percent in September.
Non withholding income taxes are up a staggering 23.8%?
How many of you guys got a 10% pay increase last year? What… you neither?
But alas, in the eyes of the Democrats, when government is doing better we are all doing better… as for the 0.0% GDP bit [2] and the Virginia economy flatlining under McAuliffe? Could potentially have something to do with the mixed messages the Governor’s Office sends the business community [3] — particularly as it pertains to the Mountain Valley Pipeline (among other projects).
Meanwhile, so long as Virginia’s excise men are doing their job, who cares about a stagnant economy? Richmond is doing just fine… oh, and did we mention McAuliffe is contemplating a series of stiff tax increases rather than reform as his parting gift in the Governor’s Budget next year?
Work harder, tax serfs. Thousands upon thousands of government bureaucrats are depending on you.