Entries for 'Tax Foundation'

...​How High Are State and Local Tax Collections in Your State?....

...Hawaii’s sales tax base is broader than economists recommend, applying not just to final consumer products and services, but also to many business-to-business transactions. This results in multiple layers of taxation on the same product or service....

...Hawaii ranks 41st collecting $76 per capita....

...State should proceed only after making legislative changes....

...In 4th place Honolulu $100 is worth only $80.40, in Maui County, $93.90, but in the rest of Hawaii—Big Island + Kauai--$100 is worth $98.33....

...Hawaii has the highest cost of living of any state....

... Hawaii gas taxes average $0.4788 per gallon ....

...Hawaii 44th at 0.8%....

... Hawaii Ranks 27th --Income taxes account for 22.8% of spending ....

...36.9% of State and Local Revenues come from the GE Tax....

...17.6% of State and Local government revenue comes from property taxes in Hawaii....

...The Impact of the Tax Cuts and Jobs Act by Congressional District....

...The State of Hawaii is the senior partner in the sin business....

...Hawaii income taxes 10th-highest in USA....

...$0.93 per gallon....

... the Hawaii ERS is only 51% funded -- 5th worst in USA ....

...Average Per Capita Property Taxes: How Does Your State Compare?....

...the sales tax bases in Hawaii, New Mexico, and South Dakota are incredibly broad, so it’s not surprising that they would tax these types of transactions....

...last year Hawaii Tax Freedom Day was April 19....

...Recently, states have moved away from these taxes or raised the exemption levels....

... Hawaii has reinstated its formerly temporary individual income tax brackets, ranging from 8.25 to 11 percent .... 

...and, by one estimate, ultimately taxes 105.08 percent of the state’s personal income....

...Forty-four states levy a corporate income tax. Rates range from 3 percent in North Carolina to 12 percent in Iowa....

...these three health-related taxes would have taken $31.25 billion over the ten-year period from 2018 to 2027....

...Connecticut and New York share the highest tax rate with $4.35 per pack, trailed by Rhode Island ($4.25), Massachusetts ($3.51), and Hawaii ($3.20)....

...Hawaii Federal Aid equals 22.8 percent of State revenues....

...To help provide a sense of how the Tax Cuts and Jobs Act would impact real taxpayers, we’ve run the taxes of eight example households....

...The increase in family incomes is the result of both the income tax cuts and the broader rise in productivity and wages due to economic growth....

...Hawaii dropped from 11th for 2017 to 14th for 2018....

...Hawaii has the 8th highest amount of taxation per capita in the USA....

...Excise taxes are particular taxes levied on specific goods or activities....

...Hawaii counties collect an average of $980 in property tax per capita....

...Hawaii and North Dakota collect the most in statewide sales tax per capita at $2,090 and $1,835 respectively....

...in FY 2015, the corporate income tax only comprised 5.3 percent of state tax collections....

...how much U.S. taxpayers deduct in home mortgage interest by county....

... Honolulu is the most expensive city in the USA, but in rural Hawaii $100 is worth $99.90 ....

... Hawaii ranks 4th with an average deduction of $2629 ....

...the same amount of cash can buy you more in a low-price state than in a high-price state....

... Before the latest increase, Hawaii ranked 11th ....

...State inheritance and estate taxes, together with the federal estate tax, reduce investment, discourage business expansion, and can sometimes drive wealthy taxpayers out of state....

...the share of state and local road spending that is covered by tolls, user fees, and taxes varies drastically. It ranges from only 12 percent in Alaska to 76.3 percent in Hawaii....

...Hawaii taxes the spirit at $5.98 per gallon....

...Check out today’s map below to see where your state lies on the wine tax spectrum....

All fifty states and the District of Columbia impose some tax on beer above and beyond the general sales tax....

Property taxes are assessed as a percentage of home values, so it follows that higher property taxes are paid where housing prices are higher than average....

For this week’s map, we look at state cigarette tax rates across the country....

... Hawaii ranks 31st at 21.5% of collections ....

There are two factors contributing to this regional variation. The first is that higher-income taxpayers tend to take larger deductions....The second factor for county-by-county variation is that state and local tax regimes differ substantially....

On average, 23.3% of state and local tax revenues came from sales taxes in fiscal year 2014.  For Hawaii 37.6%....