Potential Income Tax Hikes in Delaware Concern Some - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Potential Income Tax Hikes in Delaware Concern Some

Posted: Updated:

DOVER, Del. -- When lawmakers in Delaware's General Assembly return to session in a couple weeks they'll look at proposals to increase personal income tax rates in an effort to help balance a projected $386 million budget shortfall.

Gov. Carney has proposed rate increases in each tax bracket, with the highest earners paying 6.8 percent. Additionally, the plan calls upping Delaware's standard deduction but eliminating itemized deductions and the age threshold for personal credits and retirement income tax breaks would rise over time from 60 to 65.

The highest personal income tax bracket in Delaware includes anyone making more than $60,000.

Sonia Puri of Kent County said she was concerned about the idea of raising taxes because she felt her family already pays a lot of money in combined taxes to the federal and state governments.

"Even with the state taxes it's not a high percentage but it hurts. As it is, you pay a lot of tax," she said.

Tammy Ordway with Faw Casson, an accounting firm in Dover, said many people use the itemized deductions for the returns each year. She said the company is already advising some clients about potential tax changes in Delaware but noted many compromises between lawmakers occur on initial proposals and the final result may not be as steep.

"One concern in Delaware is we're at a 6.6 percent and nationally we're at a rate of 6 percent so we want to stay competitive economically," she said.

A separate proposal from Rep. John Kowalko (D-Newark South) has been introduced in the legislature that would create additional tax brackets for people who make $150,000 and $250,000. Both Carney's plan and Kowalko's proposal have already been met with opposition from some Republican lawmakers.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Woman Calls for Change after Suspected Rabies Encounter

    Woman Calls for Change after Suspected Rabies Encounter

    Dec 18, 2017 4:58 PM2017-12-18 21:58:00 GMT
    Monday, December 18 2017 4:58 PM EST2017-12-18 21:58:57 GMT
    SUSSEX COUNTY, Del.- A Georgetown woman says more must be done to handle rabies cases after she says she encountered a rabid fox in her Georgetown yard the same day a Rehoboth man was bitten by a rabid raccoon. "Obviously it's an issue," Dana Hastings sayMore
    SUSSEX COUNTY, Del.- A Georgetown woman says more must be done to handle rabies cases after she says she encountered a rabid fox in her Georgetown yard the same day a Rehoboth man was bitten by a rabid raccoon. "Obviously it's an issue," Dana Hastings sayMore
  • Deal Island Docks Remain Busy Amid Mild Temperatures

    Deal Island Docks Remain Busy Amid Mild Temperatures

    Dec 18, 2017 4:54 PM2017-12-18 21:54:00 GMT
    Monday, December 18 2017 4:54 PM EST2017-12-18 21:54:36 GMT
    Deal Island, Md.- Over the glistening waters, boats line the docks on the tiny yet mighty Deal Island. Right now, water men are in the heart of the oyster season. Skip jacks and other boats are out working in full force, as well as duck hunters. Water menMore
    Deal Island, Md.- Over the glistening waters, boats line the docks on the tiny yet mighty Deal Island. Right now, water men are in the heart of the oyster season. Skip jacks and other boats are out working in full force, as well as duck hunters. Water menMore
  • Members of Five Points Working Group to Meet Monday Night

    Members of Five Points Working Group to meet Monday Night

    Dec 18, 2017 4:22 PM2017-12-18 21:22:00 GMT
    Monday, December 18 2017 4:42 PM EST2017-12-18 21:42:49 GMT
    LEWES, Del.- Ahead of Monday night's inaugural meeting, members of DelDOT's Five Points Working Group are expressing their their optimism and ideas for long term change. "I think the idea of the Five Points intersection may be slightly outdated," says locMore
    LEWES, Del.- Ahead of Monday night's inaugural meeting, members of DelDOT's Five Points Working Group are expressing their their optimism and ideas for long term change. "I think the idea of the Five Points intersection may be slightly outdated," says locMore
  • Most Popular VideosMost Popular VideosMore>>

  • Salisbury Drug Bust Halts Multi-State Operation

    Salisbury Drug Bust Halts Multi-State Operation

    Maryland State Police arrested one man linked to a multi-state fentanyl operation. Narada Michael Walls, 37, was charged with several counts including manufacturing and distributing dangerous substances. Police units have been investigating Walls operations in several counties, including Baltimore City, and even other states, since earlier this fall.

    More

    Maryland State Police arrested one man linked to a multi-state fentanyl operation. Narada Michael Walls, 37, was charged with several counts including manufacturing and distributing dangerous substances. Police units have been investigating Walls operations in several counties, including Baltimore City, and even other states, since earlier this fall.

    More
  • Last Dinner at The Old West Steakhouse

    Last Dinner at The Old West Steakhouse

    The Old West Steakhouse in Salisbury closes its doors today after 19 years of service. The steakhouse was a packed house all day, with people sharing laughter with their loved ones and friends, indulging in their favorite meals, and watching football. WBOC's Caroline Coles reports that, to some, the Old West was more than just a place to eat.

    More

    The Old West Steakhouse in Salisbury closes its doors today after 19 years of service. The steakhouse was a packed house all day, with people sharing laughter with their loved ones and friends, indulging in their favorite meals, and watching football. WBOC's Caroline Coles reports that, to some, the Old West was more than just a place to eat.

    More
  • Meteorologist Brian Keane Bids Farewell to WBOC and Delmarva

    Meteorologist Brian Keane Bids Farewell to WBOC and Delmarva

    Meteorologist Brian Keane says farewell to WBOC and Delmarva, and shares how he plans to spend the next chapter of his life.

    More

    Meteorologist Brian Keane says farewell to WBOC and Delmarva, and shares how he plans to spend the next chapter of his life.

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices