The biggest issue is finding the man power pool in an economy that is also coming back. That is probably the biggest challenge. During the decade of the 80s this country built three SSNs (attack submarines) and one SSBN (ballistic missile submarine) every year for about a decade.
Standard deduction amounts. The amount of your standard deduction depends on the filing status you qualify for. In 2014 for example, single taxpayers and married taxpayers who file separate returns can claim a $6,200 standard deduction.
With this adjustment, two-income couples who file a joint return owe no more tax than the combined tax that would be due if separate returns were filed. Joint taxable income must be over $3,000 to benefit from this adjustment. Virginia's income tax is imposed at graduated rates, starting at 2% and capping at 5.75%. The highest rate applies to income over $17,000. When a married couple chooses to file a joint return (Filing Status 2), they report their income together in the same column on the return. The first $17,000 of their total taxable income is then taxed at the lower rates, with the remainder being subject to tax at the rate of 5.75%.