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The Delaware State Chamber of Commerce will offer a webinar at 9 a.m., Wednesday, Feb. 16, on What the Healthy Delaware Families Act Means for Your Business. The legislation proposes to require all Delaware employers with 10 or more employees to.
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A bill sponsored by a handful of Delaware Democrats would raise income tax rates for people who earn more than $125,000.
But the effort has stalled in committee, even though the party controls both chambers of the General Assembly, and now the House sponsor is considering a compromise measure.
State Rep. John Kowalko (D-25), the chief House sponsor, said he wants a more progressive rate for a system that currently taxes people who make $1 million a year at the same rate as someone whose income is $60,001.
The state’s top tax rate, for all people earning more than $60,000 annually, is 6.6 %. Rates are progressive with, for example, people paying 4.8% for income between $10,000 and $20,000. The tax rate increases from there, topping out at the $60,000 mark.