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Wednesday, April 5, 2017
Hawaii 2nd-Highest Tax Burden in USA
By Selected News Articles @ 8:54 PM :: 5519 Views :: Hawaii Statistics, Taxes
2017 Tax Burden by State

From Wallet Hub, Apr 5, 2017

On April 18, Uncle Sam will once again take his cut from everyone’s earnings this past year. And many taxpayers are already wondering what that haircut on their finances will look like. However, with such a complex tax code further convoluted by the way taxes are imposed on Americans based on their individual household characteristics, it’s hard to tell unless you wrote the tax policies yourself.

One simple ratio known as the “tax burden” helps cut through the confusion. Not to be confused with tax rates, which vary widely based on an individual’s particular circumstances, tax burden measures the exact proportion of total personal income that residents pay toward state and local taxes. And it isn’t uniform across the U.S., either.

To determine which states’ residents bear the biggest tax burdens, WalletHub’s analysts compared the 50 states across the three tax types that make up state tax burden — property taxes, individual income taxes, and sales and excise taxes — as a percentage of total personal income in the state. Read on for their findings, and commentary from a panel of tax experts….

read … Full Report

Hawaii

  • Rank: 2nd Highest
  • Total Tax Burden: 11.27%
  • Property Tax Burden: 2.11%
  • Individual Income Tax Burden: 2.64%
  • Total Sales and Excise Tax Burden: 6.52% – #1 in USA 

PBN: Taxing situation: Here's where Hawaii ranks among the states

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