Yeah but I don’t think it kicks back to Richmond. The pension is partially paid by the employee. We kick in 5%.
I honestly cannot find anything that documents where PPT goes, how it is disbursed. My gripe with it is that I also had to pay PPT on top of sales tax. That seems criminal to me. The law also states that VA can tax your furniture annually, but I have yet to see that happen (yet).
With all of the taxes folks pay around here (property, personal property, sales, gas, assessment, access, etc.) I am amazed I have any left over to buy lunch.