Black Velvet Bruce Li takes aim at the Business Professional and Occupational License (BPOL) tax. For those who do not pay that tax directly and wonder why it still rings a distant bell: the last General Assembly election the Democrats ever won (1995) was due in part to their shameless demagoguery on then-Governor George Allen’s effort to get rid of it.
As BVBL notes, the tax was supposed to be “temporary”; localities were allowed to impose on it businesses “in order to offset public expenditures by these localities incurred during the War of 1812.”
Yes, you read that right: The War of 1812!
Sad, just sad.
July 2, 2008 at 11:16 am |
[...] it is, and there is hardly a tax more damaging than BPOL, which is a tax on revenue, not profit. Moreover, this business crippling tax was first [...]
July 6, 2008 at 5:23 pm |
[...] say about it at The right-wing liberal: Indeed it is, and there is hardly a tax more damaging than BPOL, which is a tax on revenue, not profit. Moreover, this business crippling tax was first implemented [...]