WalletHub Study: Hawaii Is the 2nd Worst State to Be Poor from a Tax Perspective

From WalletHub, March 23, 2015

With the tax deadline for most Americans fast approaching and low- and middle-income families expected to pay higher effective tax rates than the rich, the leading personal finance social network WalletHub conducted an in-depth analysis of 2015’s Best States to Be Rich or Poor from a Tax Perspective.

In order to identify the best states where people in different income brackets spend the most and least on taxes, WalletHub calculated the share of one’s income that he or she contributes toward sales and excise taxes, property taxes and income taxes.

Tax Burden in Hawaii (1=Best, 25 =Avg.):

• 50^th – Low Income Earners (12.30% of Income)
• 48^th – Middle Income Earners (10.86% of Income)
• 31^st – High Income Earners (8.72% of Income)