Delaware State Rep. John Kowalko introduced House Bills 181 & 182 which would raise the amount of personal income tax to be collected in Delaware based on a tier level. For many years, the top tier was set at $60,000 as an income level, but with this legislation, new levels would increase taxes after $125,000 and then $250,000. This legislation, in my opinion, is long overdue and I salute Kowalko for introducing this. I normally don’t get into this sort of stuff, but this would increase revenue for the state which could result in more money going to our schools.
Interestingly enough, Kowalko has introduced two bills to look at this issue with different numbers for each. Take a look at both of them:
4 thoughts on “Delaware State Rep. John Kowalko Bravely Introduces House Bills 181 & 182 To Raise Taxes For The Wealthy”
You actually think that the additional money would make it into classrooms? Really? Any extra money will be confiscated by DOE to support all those RTTT positions and initiatives.
Money for classrooms. Thanks for the afternoon laugh!
Both bills scheduled to be heard in the House Revenue and Finance Committee tomorrow. HB 181 and because of an error in the Title reference HB 182 was struck and replaced by HB 196
I was wondering why it said Title 14! Mystery solved!
Since married couples would be taxed separately, this would result in an unfair burden on a household where just one spouse earned $250K as opposed to a two-wage couple each earning $125K who would not pay at the higher rate even though they had the same household income. the former would pay the higher rate on half of their income.