Friday, December 9, 2022
Hawai'i Free Press

Current Articles | Archives

Monday, June 13, 2022
Hawaii State Tax Burden: 14.1% of Income -- 3rd Highest in USA
By Selected News Articles @ 4:09 PM :: 1027 Views :: Hawaii Statistics, Taxes

States Where People Are Paying the Most Taxes

Wall Street 24/7

In a country as large as the United States, economic activity and tax collection vary considerably by state and region. A resource-rich state like Alaska depends heavily on taxes paid by global oil and gas companies based outside the state, while a major component of Florida’s tax revenue comes from tourism activity.

According to the Tax Foundation, the 84-year-old tax policy nonprofit, state and local taxes currently make up 11.2% of gross national product, the total value of goods produced by a country over the course of a year. This includes several public revenue sources like taxes on property, general sales, income and corporate income, licenses, and excise taxes on alcoholic beverages, tobacco, and other products. 

To determine the states where Americans are paying the most taxes, 24/7 Wall St. reviewed data from the report State and Local Tax Burdens, Calendar Year 2022 published by the Tax Foundation. States were ranked by their tax burden, from low to high. We also estimated income per capita by state from the tax burden share and tax amount paid.

The Tax Foundation defines tax burden as state and local taxes paid by a state’s residents divided by that state’s share of net national product. Unlike tax collections, which represent all taxes made to state and local governments, “tax burdens estimates allocate taxes to states that are economically affected by them” per the Tax Foundation. That is, the measure of tax burden attempts to measure the economic incidence, not the legal one.

State and local tax burdens have increased since 2020 to the highest level since 1978. According to the Tax Foundation, “pandemic-era economic changes caused taxable income, activities, and property values to rise faster than net national product.”

The 10 states with the highest state-local tax burdens in 2022 range from Maine and Delaware with a 12.4% tax burden to New York’s 15.9% tax burden. Residents of the largest U.S. state, California, bear the fifth largest state-local tax burden at 13.5%.

(This is how much tax people pay in an average lifetime in every state.)

Four states with populations of under 1 million are among the 10 states with the lowest combined state and local effective tax burdens. Those 10 states have tax burdens ranging from Alaska’s 4.6% to Oklahoma’s 9%. Texas, the country’s second-largest state by population, has the sixth-lowest state and local effective tax burden at 8.6%. Two other states with large populations, Michigan and Tennessee, are also low-burden states.

read … Full Report

3. Hawaii
> State-local tax burden: 14.1% of income
> State-local taxes paid: $8,410
> Est. income: $59,645 per capita

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT