If you make $77,994 a year living in Virginia you will be taxed $13,133. Your average tax rate is 12.08% and your marginal tax rate is 22%. This marginal tax rate means that your immediate ...

Explore Virginia's 2025 state tax rates for income, sales, property, retirement, and more. Learn how Virginia compares nationwide.

Virginia gets a little more than $31 billion a year in income tax revenue. Last month, Mr. Youngkin announced a plan to cut the income tax by 12 percent , for about $2 billion in the second year.

One option in the report suggests adding a new income tax bracket for the top one percent of earners, defined as making $600,000 or more, with a tax rate of 7%, up from the current rate of 5.75%.

RICHMOND — Virginia Gov. Glenn Youngkin (R) proposed a state budget Wednesday that would cut income taxes but increase the sales tax, an approach his administration said would make state ...