Entries for 'Tax Foundation'

...Tax Treatment of Groceries, Candy, and Soda Can Get Tricky....

... how different states' tax codes compare with the 18th edition of our State Business Tax Climate Index ....

... Hawaii has a throwback rule ....

...Hawaii and Washington State have the highest estate tax top rates in the nation at 20 percent....

...Almost every state spends more on highways than they collect in dedicated revenue from federal, state, and local sources. The only exceptions are Hawaii, Idaho, and Tennessee....

...but the Big Island is much more affordable....

...What is the Real Value of $100 in Your State?....

... State and Local taxes add $0.4628 per gallon -- not counting GE Tax .... 

...Pass-through businesses, such as sole proprietorships, S corporations, and partnerships, make up a majority of businesses in the United States....

...Hawaii has the broadest sales tax in the United States, but it taxes many products multiple times and, by one estimate, ultimately taxes 105 percent of the state’s personal income.  This base is far wider than the national median, where the sales tax applies to 34.25 percent of personal income....

“...Taxes are the single most expensive ingredient in beer, costing more than the labor and raw materials combined....”

...One way policymakers can help expedite their state’s economic recovery is by protecting employers from facing higher UI tax rates at a time when they can least afford to pay them....

...Hawaii is 9th at 36.6%....

... 22.2% of Hawaii State tax receipts come from individual income taxes ....

...A Visual Guide to Unemployment Benefit Claims....

...another 4,267,395 people filed initial unemployment benefit claims during the week ending April 18, the second week of a decline in the rate of new claims, but still among the highest levels in U.S. history....

...Hawaii pension plan only 55% funded ranks 43rd among states....

...Hawaii Unemployment Comp funds will run out in 21 weeks....

...Hawaii has 4.8% of GDP in its 'Rainy Day Fund'  -- and now its raining....

...8.9% of Hawaii's workforce was receiving or filing for unemployment as of March 28, 2020....

...How Much Does Your State Collect in Sales Taxes per Capita?....

...How Much Does Your State Collect in Property Taxes per Capita?....

...Hawaii collects $103 per person....

...Hawaii Income Tax Take is 10th Highest in USA....

...Hawaii annual per capita tax collections are $6,640....

...Federal aid is allocated to states for a variety of purposes, primarily to supplement state funding for programs or projects deemed to be of national interest, such as Medicaid payments, education funding assistance, infrastructure assistance, and more....

...Hawaii individual income tax tops out at 11%....

...The sales tax in Hawaii has a broad base that include many business-to-business services....

...Hawaii taxes champagne at the rate of $2.12 per gallon--5th highest in USA....

...State tax hikes taking effect January 1, 2020....

...Well-designed UI tax systems emphasize greater stability and predictability....

...the property tax component of the 2020 State Business Tax Climate Index....

...How Does Your State Treat Groceries, Candy, and Soda?....

...Hawaii ranks 37th on business tax climate, down 11 places since it re-imposed 3 'temporary' income tax brackets—with a top rate of 11%—and rolled back estate tax reforms....

...Washington State’s 20 percent rate is the highest estate tax rate in the nation, although Hawaii is set to increase its top rate to 20 percent effective January 1, 2020....

...the amount of state and local road spending covered by gas taxes, tolls, user fees, and user taxes varies widely among states. It ranges from only 6.9 percent in Alaska to 71 percent in Hawaii....

...Throwback rules can yield exceedingly high and often uncompetitive levels of taxation for some businesses, to the point that the outmigration they generate can more than offset any revenue gains from taxing “nowhere income.”....

Metropolitan Area --Real Value of $100

• 4th Lowest in USA -- Urban Honolulu, HI -- $80.19
• Maui County $93.20
• Kauai and Hawaii Counties – $99.50

... $100 is effectively worth the least in Hawaii ($84.39) ....

...State Gasoline Tax Rates as of July 2019....

...How Well-Funded are Pension Plans in Your State?....

...Hawaii has the broadest sales tax in the United States, but it taxes many products multiple times....

... Hawaii taxes distilled spirits at $5.98 per gallon ....

...Hawaii taxes wine at $1.38/gallon, 14th highest in USA....

... Hawaii imposes $0.93 tax per gallon of beer ....

... Hawaii derives 22.9% of tax revenue from individual income taxes .... 

... the GE Tax accounts for 37.2% of State revenue, Hawaii ranks 9th most dependent....

... Hawaii: Combined State-Federal Corporate Income Tax Rate 26.1% ....

...Alabama and Hawaii raise the smallest portion of their state and local tax revenue through property taxes: 17.1 percent and 17.6 percent, respectively....

...This is harsh criticism, but it is well-founded....