State Income Taxes Big Numbers, Too
Like many of our fellow Americans, a substantial number of West Virginians wait until the last minute to file their income tax returns. If you got yours in by the deadline, midnight Monday, congratulations. If not, we hope you requested an extension of time to file.
But in preparing our returns, the much larger numbers on what we send to the Internal Revenue Service tend to attract our attention. Our state returns, not so much.
They should, because they, too, are big numbers.
Personal income taxes are, by far, the primary source of money for the state’s general revenue budget. That line item is set at a bit more than $2 billion this year.
That works out to about $1,100 for every man, woman and child in our state.
Are we getting our money’s worth? You be the judge of that.