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You be
the judge
of Gov.
Warner’s
tax plan
By Bob Twtgg
and Nicholas M. Horrock
Rappahannock News Staff Writers
Gov. Mark Warner (D) is stepping up the pitch for his embattled tax overhaul by releasing a “how it affects you” analysis of his plan currently being put through the wringer in the Republican-dominated General Assembly.
Warner, a Democrat, proposes raising sales tax by a penny, reducing the tax on food by a penny-and-a-half, resuming the GOP-led repeal of the “car tax” and reforming the age deduction for seniors.
Here’s a glimpse at Warner’s plan for Rappahannock County residents based on 3,179 tax returns filed in 2001:
• Sales tax (non-food) to 5.5 percent means annually
Income of $40,000 equals $150 increase
Income of $60,000 equals $192 increase
Income of $80,000 equals $234 increase
• Sales tax (food) down to 3 percent means annually
Income of $40,000 equals $73 savings
Income of $60,000 equals $84
91.2%