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Tax is collected by the Delaware Division of Revenue. [175] Delaware has six different income tax brackets, ranging from 2.2% to 5.95%. The state does not assess sales tax on consumers. The state does, however, impose a tax on the gross receipts of most businesses.
Delaware Division of Revenue; F. Florida Department of Revenue; G. ... New Mexico Taxation and Revenue Department; New York State Department of Taxation and Finance;
Delaware charges a franchise tax on the corporations incorporated in it. Franchise taxes in Delaware are higher than in most other states which typically get revenue from corporate income taxes on the portion of the corporation's business done in that state. Delaware's franchise taxes supply about one-fifth of its state revenue. [17]
In 2022, the federal government spent $6.27 trillion1. Most of the government's revenue comes from taxes collected from individuals and businesses across the U.S. Though taxes are mostly collected ...
Delaware's economy shifted to a manufacturing base in the late 19th century, led by the transformation of the DuPont Company. [1] Modern growth in the financial workforce has overtaken the manufacturing sector in the state's economy. The Delaware General Corporation Law provides a flexible and stable framework for national incorporation. [2]
Franchise taxes on Delaware corporations supply about one-fifth of its state revenue. [23] Although "USA (Delaware)" ranked as the world's most opaque jurisdiction on the Tax Justice Network's 2009 Financial Secrecy Index, [24] the same group's 2011 Index ranks the USA fifth and does not specify Delaware. [25]
The Delaware Constitution establishes a number of courts: The Delaware Supreme Court is the state's highest court. The Delaware Superior Court is the state's trial court of general jurisdiction. The Delaware Court of Chancery deals primarily in corporate disputes. The Family Court handles domestic and custody matters.
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