Virginia could be the highest taxed state in the country

Virginia Set to Become Highest-Taxed State

What a distinction

Something big is happening in blue state Virginia. And fast. Well, they voted in a Democrat governor for one thing.

Democrats just took control. Lawmakers are already pushing several bills that would raise taxes, in ways that would hit high earners—and could ripple wider.

One headline put it bluntly: “Virginia State Tax Rate Could Rise From 5.75% to 13.8%, Highest In The Nation”. That’s the math folks are talking about if two key proposals both pass.

Here’s what’s on the table. HB 979 would change the income tax brackets. It would add new top rates for the wealthy. The bill text says exactly: “establishes two new tax brackets beginning on and after January 1, 2027, that tax income in excess of $600,000 but not in excess of $1,000,000 at a rate of eight percent and income in excess of $1,000,000 at a rate of 10 percent.”

There’s also HB 378. It would impose a 3.8% net investment income tax on individuals, trusts and estates beginning in 2027. If that and HB 979 both happen, critics say the combined top tax bite could reach roughly 13.8%—outranking California’s current top rate.

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