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Delaware’s Corporate Cash Cow | Dover News
Description
Delaware’s corporate franchise tax system is quietly powering the state’s economy, generating billions annually and funding everything from schools to roads—without a general sales tax. While other states eye its crown, Delawareans are waking up to the true value of this legacy revenue stream, which makes up 25-30% of the state’s General Fund and keeps essential services running strong. But with competition rising and the state’s legal reputation on the line, protecting its Court of Chancery and adapting to modern business needs is critical to preserving this vital financial lifeline for all residents.
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