Progressive politicians’ Sisyphean struggle to increase Delaware’s tax rate on high earners has resumed. Spotlight Delaware runs down the proposal in Sean Lynn’s bill:
Income above $250,000 would be taxed at 6.95%.
Income between $125,000 and $250,000 would be taxed at 6.75%.
Income between $60,000 and $125,000 would remain taxed at 6.6%.
Income between $20,000 and $60,000 would be taxed at 5.5% (meaning individuals earning between $20,000 and $25,000 would see a 0.3% tax increase).
Income between $5,000 and $20,000 would be taxed at 4%.
Lower incomes between $2,000 and $5,000 would be taxed at 2%, down from 2.2%.
Roughly 11% of Delaware households make more than $200,000 annually, according to the 2023 U.S. Census’ five-year American Community Survey.
That’s a smaller increase at the top than the last three failed attempts, but it doesn’t bode well that nobody, including Lynn, would comment for the story.
The Wilmington & Western Railroad, which runs tourist trains from Prices Corner to Hockessin, has suspended service indefinitely, apparently for repairs, though nobody was available to talk to the News-Journal about it.
Those who elected Republicans because eggs cost too much are in for another disappointment. Just weeks after predicted a 20% price increase for the rest of the year, the USDA yesterday doubled that estimate. If you want to make an omelette, you have to break the bank.
The floor’s yours.