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.
Virginia law also provides for a number of deductions in computing Virginia taxable income. Be sure to review those provisions before completing your income tax return. Age Deduction for Taxpayers Age 65 and Over. If you or your spouse were born on or before Jan. 1, 1953, you may qualify to claim an age deduction of up to $12,000 each.