Taxes

Also in the H&R Block report is the news that the individual mandate penalty is averaging $172. This is likely to rise in future years....

Under SB358, gas will be taxed more heavily than oil....

...we are exporting around 15%-20% of our general excise tax....

... According to ITEP, payment of sales and excise taxes takes up an average of 11% of family income for the poorest 20% of earners ....

The fasted growing type of pass-through business is the S corporation....

We have good news to share about our fights against unfair taxes and regulation....

...the effect of this bill is to burden the compliant small businesses and owner/operator establishments by creating a system that favors larger rental companies and hotels....

1,515 bills were introduced in the House of Representatives and 1,379 bills were introduced in the Senate – over 400 more bills than were introduced in 2014....

Liabilities everywhere: The rail project, the failing state hospital system, overdue maintenance on state buildings and campuses, underfunded public worker pensions and health insurance, and so much more....

Sales taxes in most states leave rent alone, but our General Excise Tax (GET) taxes it....

Hawaii is one of the worst states in the country when it comes to the citizen tax burden....

Currently, seven states—Hawaii, New Mexico, North Dakota, Ohio, South Dakota, Texas, and Wisconsin—are permitted to tax Internet access....

...Small Business Caucus of the Hawaii State Legislature today announced its priority list of bills....

UPDATE: HB1253 has been deferred. SB727 passed with amendments....

House Bill 1240 will bypass the House Committee on Education and is referred solely to the House Committee on Finance....

...HB1307, introduced by Rep Kaniela Ing, raises income taxes on middle class families by 12%....

The President’s budget has a proposed increase in the federal capital gains tax rate....

Here are five Obama tax proposals that make no sense....

...In coming weeks, Hawaii’s Supreme Court is expected to hand down a decision....

...A single filer earning Hawaii's median income of $61,408 can expect to pay $4,043.88 in state income taxes, the highest dollar amount of any state, or 6.59% of his income....

Sole proprietorships, S corporations, limited liability companies (LLCs)....

...the state is frequently singled out as having one of the most burdensome tax systems in the nation....

...it is necessary to take bold action and embrace policies that improve the state’s business climate....

Wednesday, February 4, 2015 at 2:45pm at the Capitol Building, Room 016....

All state income tax systems in the United States, including ours, have a set of rules that are used to figure out which state has the primary right to tax income....

...Correcting this problem and allowing businesses to deduct the full cost in the first year is known as “full expensing”....

...the Institute on Taxation and Economic Policy (ITEP) has released a report. ranking the states in terms of how progressive their tax systems are....

Monday, Jan 26, 2015, hearing starts at 2:30pm, State Capitol Auditorium

The state has been draining money out of the rail surcharge. Lots of money....

...keeping the Oahu half-percent rail surcharge in place will only encourage lawmakers to increase the surcharge whenever there is a rail transit shortfall....

Hawaii's Effective 13.4% rate of taxation on the poorest 20% is second only to Washington State....

Top concerns include the state economy, education, the Hawaii Health Connector, oversight of the Public Utilities Commission in light of the Hawaiian Electric Industries/NextEra merger, and positively affecting the cost of living for Hawaii residents....

Smokers earning less than $30,000 annually spent 14.2 percent of their income on cigarettes....

Host Keli'i Akina speaks with Kalbert Young (outgoing Director of Finance, State of Hawaii) about the current financial conditions of the state of Hawaii....

...In 2005, a survey asked a sample of 1,000 adult Americans what would be the most practical way for them to accumulate several hundred thousand dollars....

...the interaction between the advance disposal fee (ADF) and the deposit beverage container (DBC) programs creates inefficiencies in the recycling or down-cycling of glass....

Where the 'Recycled' Glass Goes? -- Busted: Hee Family Tied to Massive Waste Dumping Scheme....

...“policy measures and costs impacting small business and entrepreneurship.”....

Then-Senator David Ige was a key supporter of the universal coverage plan in 2009, but whether he’ll pick up the cause as Governor is unclear....

"We will spend public funds wisely to avoid raising taxes."

Recently he made news by publicly saying he absolutely won’t pay his U.S. taxes....

The Honolulu Authority for Rapid Transportation (HART) announced several steps to explore new revenue sources in an effort to worsen your financial challenges....

...Grassroot Institute of Hawaii discusses the proposed 11-point action plan of the new governor of Hawaii, David Ige....

The city has prepared the real property assessment notices for 2015, and the total assessed valuation of all taxable real property on Oahu has increased from $200.74 billion to $214.90 billion....

...resulting in employers paying $50 million less in taxes, or $100 less per employee on average for 2015....

...when a Hawaii taxpayer reaches $200,000 in federal adjusted gross income, a number of bad things happen that, in total, can result in a marginal tax rate of 367,100% on that last dollar....

We continue our series of pending U.S. Supreme Court cases....

"We will spend public funds thoughtfully and without waste to avoid raising taxes...."