Month: March 2012

Defense cuts could hit Virginia, Maryland tax revenue hard, report shows

March 7th, 2012

Virginia has aerospace and defense companies to thank for $78.71 million in 2010 taxes paid on state income and total gross revenue, and $75.6 million in individual employee income taxes, according to a study commissioned by the Aerospace Industries Association. This, combined with other starting findings, leave some concerned about the impact of pending defense […]