Virginia Virtucon – Board of Elections Confirms Complaints Against Stewart Alleging Campaign Law Violations; VLG Treasurer Resigns

From Virginia Virtucon –

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Things just progressed to a whole new level here. The Virginia State Board of Elections has confirmed receipt of at least two complaints filed against the campaign of LG hopeful Corey Stewart alleging violations of state campaign finance laws. (Here’s a recap of what we know so far.) The allegations stem from connections between the Stewart campaign and a group calling itself Virginians for Limited Government.

Virtucon has received late word that VLG’s treasurer resigned effective May 14 upon completing the organization’s tax returns. From accounts we have gathered, he sought to resign upon seeing the mailings that the organization was sending out (as he apparently was not part of the decision-making process), but stayed to complete the tax filings.

With these filed complaints, a loss on Saturday at the RPV convention may not be the last we’ve heard of the Stewart for Lt. Governor campaign.

Virginia Virtucon – Martin Defends Himself, Blasts Corey Stewart’s Record on Taxes

From http://virginiavirtucon.wordpress.com/2013/05/08/sen-steve-martin-defends-himself-blasts-corey-stewarts-record-on-taxes/

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Prince William record shows tax increases, which he supported. His claim of net tax cuts is based on a decline in property values.

This gets to an important issue. Let’s say that your home value goes down from one year to the next and your county board changes the tax rate so you pay the same amount in taxes in both years. Percentage-wise, wouldn’t that mean your taxes went up? After all, you are paying the same amount in taxes on something that is not worth what it was before.

Think of it this way. You buy something for $10 and pay 5% sales tax on it, which comes to 50 cents. Now let’s say that same something is on sale for $5 and you buy another one and with 5% sales tax you pay 25 cents in taxes. If you were to pay 50 cents in taxes on both, the sales tax on the second item would jump from 5% to 10%. Then they say that because you paid $10.50 for the first item (5% sales tax) and $5.50 for the second item that was on sale (10% sales tax) that you got a tax cut when in fact your taxes went up and in reality you only paid less because the value of the item itself went down.