April 10, 2019 In In The News
Democratic lawmakers push bill to create 2 new top income tax brackets
From Delaware State News
DOVER — A House panel released to the full chamber Wednesday legislation that would create two new top tax brackets.
Currently, all income above $60,000 is taxed at 6.6 percent. House Bill 15 would tax personal income of between $125,000 and $250,001 at 7.1 percent and above $250,000 at 7.85 percent.
As of 2018, 16 states had a top tax bracket that exceeded $60,000, according to the Tax Foundation.
The bill is the latest effort by Rep. John Kowalko, D-Newark, and other Democrats to force higher earners to pay more to state government.