Delaware Income Tax Is A Joke
A flat tax above $60,000? Give me a break.
El Somnabulo got worked up about this, but every single Delawarean should be embarrassed, outraged and chagrined by our increasingly ridiculous income tax brackets.
Delaware’s flat-rate income tax structure made sense ten year ago, but with our increasing use of excise and consumption taxes our tax burden is becoming absurdly regressive.
I am glad you are seeing the possible long-term impact to the taxpayer, and our economy. Will you help champion the call to have our State shrink government?
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You dumb handjob. The complaint is that it’s not progressive enough. We should have added a higher bracket at $150,000 or so, and another at the $500,000 level.
Rich people aren’t getting any smarter. But they do keep getting richer, in a kind of disproportionate way. Therefore, the state must be doing something that is helping them get richer. That should be worth paying more money for.
Geezer wrote You dumb handjob.
Thanks for the laugh. I plan on using this often and loudly over the upcoming weeks.
Geezer! My hero!
I assume you missed a few math classes.
If you make more money such as $100,000 and pay 6.9% you pay $6,900.
If you make $50,00 you pay a rate of 6.9% then you pay $3, 450.
The difference is $3,450.
“Rich people aren’t getting any smarter. But they do keep getting richer, in a kind of disproportionate way. Therefore, the state must be doing something that is helping them get richer. ”
The state is doing something to help them get richer? Are you serious?
Take a look at income and it is directly tied to education and hours worked. It is also tied directly to a stable personal life.
There is no secret way the government is helping certain people get rich.
Mike Protack
I assume you missed a few public policy classes, Mike. The income up to $60,000 is taxed at a lower rate. Only the income over that is taxed at the higher rate.
— No tax on the first $2,000
— 2.2 percent on taxable income between $2,000 and $5,000
— 3.9 percent on taxable income between $5,001 and $10,000
— 4.8 percent on taxable income between $10,001 and $20,000
— 5.2 percent on taxable income between $20,001 and $25,000
— 5.55 percent on taxable income between $25,001 and $60,000
— 6.95 percent on taxable income over $60,000.
Geezer totally pwns Mike Protack, Leader of the Delaware Republican party, and proves beyond all doubt that Protack is utterly clueless about even the most basics of taxation policy.
Unbelievable.
Geezer, FTW!
“I assume you missed a few public policy classes, Mike”
Just a few? 🙂 Maybe it was the math
We assume Mike knows math, ’cause it might be important on keeping a plane in the air.
But he doesn’t know enough to keep policy or a government afloat, which is why this is just one more day I am just delighted that Mr. Shallow Bench is no where near a government.
Can you imagine having to explain how income tax works to a gubernatorial candidate?
I’m trying to wrap my mind around explaining how income taxes work to a grown man who has presumably been paying the damn things most of his grown up life….
I don’t know how to do this simply, but the tax brackets should be automatically adjusted for inflation–$60,000 today isn’t the same as $60,000 in ten years (nor is $150K or $500K), and I don’t want to have to have 26% of our state representatives blackmail us in ten years in order to have the $60,000 level moved up.
Lacking an automatic inflation index created the AMT fiasco that requires Congress every December to scramble to keep a large number of middle-income tax payers from paying a tax designed for something like 100 very high bracket taxpayers annually when the AMT was first created.
I didn’t miss any classes, you folks have no ability to understand logic but simply want to tax more and more.
Taxes punish work and in the end lose revenue.
Read and learn:
http://online.wsj.com/article/SB124329282377252471.html
The example I used had nothing to do with tax code it has to do with the simple fact if you make more money and pay the same tax rate you will pay more in taxes. Very simple, even for a liberal who always hate anyone else who succeeds.
As for Cassandra, she would have to study to be a moron. You can call me anything you want but you are as smart as a fence post.
The simple fact is liberals will never be happy unless tax rates go up and up and government spending goes up and up.
One simple but low tax rate with minimal deductions will increase revenue. However, liberals are to slow to understand the higher and more complicated taxes are the more the wealthy avoid them or produce less.
Mike Protack
Cassandra,
I think someone’s in love.
Be sure to Google “Leader of the Delaware Republican party”. Click on the top DL link to strengthen the Google ranking.
Hopefully soon, “Delaware Republican Party” will bring up all Mike Protack posts.
And keep referencing Mike Protack, Leader of the Delaware Republican party.
Well you always know when Mr. Shallow Bench has just gotten his ass chapped but good — he starts projecting and calling names.
No matter — Mr. Shallow Bench still keeps providing priceless material to help prove his fundamental stupidity and unfitness for duty in his next office run. And at least for Mr. Shallow Bench, the Internet truism really seems to be True:
On the Internet, everybody knows you’re a jerk.
Mike is right.
The failed philosophy of the Democratic Party to punish successful people because of jealously only leads to lower productivity.
Delaware does not have a revenue problem. Delaware has a huge spending problem.
For the last twelve years, inflation has been hovering around 2.3-2.4%. Since 1993, government spending in Delaware has increased 6.36% each year.
Bloated government, high tax burdens equal higher tax obligations which disincentivizes productivity and innovation. The latter means fewer jobs and eventually lower revenues.
Let’s stop this vicious cycle and do what Jack Markell said he was going to do – cut government spending. Now is the time to have every government agency submit to performance audits and then its time to cut the fat.
Stop penalizing the hardworking citizens of this state and country.
What Mike and Jason said.
For the last twelve years, inflation has been hovering around 2.3-2.4%. Since 1993, government spending in Delaware has increased 6.36% each year.
Assuming this is right — which is not a good idea with these guys unless they produce their backup for these numbers in detail — why would you presume that most DE taxpayers are thinking that they have too much government? Much of the political effort over the past few months was to preserve services — it isn’t as though there is a massive groundswell to reduce the size of the police force, or to actually make you cool your heels at the DMV for a couple of hours to get your registration….
But I repeat that I have no confidence in any of these numbers until O’Neill produces backup.
MP, I see you responded to the legitimate criticism of your math by changing the focus of your posts. No one is arguing that taxes punish, although they also fund many of our most basic services. No one wants to pay higher taxes, not even Democrats.
However, that is not what I wanted to address. This is: “Take a look at income and it is directly tied to education and hours worked. It is also tied directly to a stable personal life.”
I know a lot of educated people with very stable personal lives who are struggling, and some have lost jobs. I also know some who are, as someone here said earlier, smart as a “fence post” and are doing quite well. A stable family life might help since it generally helps one avoid alimony and child support, but there are plenty of examples to the contrary out there.
“The simple fact is liberals will never be happy unless tax rates go up and up and government spending goes up and up.”
Once again, you don’t get it. We don’t like taxes any more than you do. We’re just responsible about balancing what government does with what it costs to do it. And, unlike you, we recognize that private industry is just as likely to screw us, if not more so, as government is.
In short, we’re concerned with tax policy; you folks are obsessed with it.
I didn’t follow your link, Mike, because I’ve been disappointed before — I have no intention of watching you sit at the kitchen table again. But if you’re going to point us at the Laffer Curve, I would suggest you — unlike most Republicans — try to process the fact that it has a peak and TWO slopes descending from it. That is, if you cut taxes too much — as Bush did — you see declining government revenue, just as you see if you increase them too much.
I would suggest you — unlike most Republicans — try to process the fact…
Riiiiight…that’s the same guy who put up a post about holding every legislator who signed the budget accountable for destroying the government. Here’s a money-line from that post:
Geezer, basically, it’s not in the talking points, so it ain’t ever going to happen.
DE Republican: You wrote “Take a look at income and it is directly tied to education and hours worked. It is also tied directly to a stable personal life.”
If that’s true, why does the insurance commissioner get $105,350 a year when she never went to college and does little but go around to functions to shake hands and get her name and face out there for a possible run for higher office, while others do her work for her? I don’t know about her personal life and don’t care to. Is she the exception that proves the rule?
we should get some stimulus money to study the taxes…