Taxes

Wednesday, February 4, 2015 at 2:45pm at the Capitol Building, Room 016....

All state income tax systems in the United States, including ours, have a set of rules that are used to figure out which state has the primary right to tax income....

...Correcting this problem and allowing businesses to deduct the full cost in the first year is known as “full expensing”....

...the Institute on Taxation and Economic Policy (ITEP) has released a report. ranking the states in terms of how progressive their tax systems are....

Monday, Jan 26, 2015, hearing starts at 2:30pm, State Capitol Auditorium

The state has been draining money out of the rail surcharge. Lots of money....

...keeping the Oahu half-percent rail surcharge in place will only encourage lawmakers to increase the surcharge whenever there is a rail transit shortfall....

Hawaii's Effective 13.4% rate of taxation on the poorest 20% is second only to Washington State....

Top concerns include the state economy, education, the Hawaii Health Connector, oversight of the Public Utilities Commission in light of the Hawaiian Electric Industries/NextEra merger, and positively affecting the cost of living for Hawaii residents....

Smokers earning less than $30,000 annually spent 14.2 percent of their income on cigarettes....

Host Keli'i Akina speaks with Kalbert Young (outgoing Director of Finance, State of Hawaii) about the current financial conditions of the state of Hawaii....

...In 2005, a survey asked a sample of 1,000 adult Americans what would be the most practical way for them to accumulate several hundred thousand dollars....

...the interaction between the advance disposal fee (ADF) and the deposit beverage container (DBC) programs creates inefficiencies in the recycling or down-cycling of glass....

Where the 'Recycled' Glass Goes? -- Busted: Hee Family Tied to Massive Waste Dumping Scheme....

...“policy measures and costs impacting small business and entrepreneurship.”....

Then-Senator David Ige was a key supporter of the universal coverage plan in 2009, but whether he’ll pick up the cause as Governor is unclear....

"We will spend public funds wisely to avoid raising taxes."

Recently he made news by publicly saying he absolutely won’t pay his U.S. taxes....

The Honolulu Authority for Rapid Transportation (HART) announced several steps to explore new revenue sources in an effort to worsen your financial challenges....

...Grassroot Institute of Hawaii discusses the proposed 11-point action plan of the new governor of Hawaii, David Ige....

The city has prepared the real property assessment notices for 2015, and the total assessed valuation of all taxable real property on Oahu has increased from $200.74 billion to $214.90 billion....

...resulting in employers paying $50 million less in taxes, or $100 less per employee on average for 2015....

...when a Hawaii taxpayer reaches $200,000 in federal adjusted gross income, a number of bad things happen that, in total, can result in a marginal tax rate of 367,100% on that last dollar....

We continue our series of pending U.S. Supreme Court cases....

"We will spend public funds thoughtfully and without waste to avoid raising taxes...."

...Hawaii income taxes cost a single parent of two children $272 at poverty level....

Under the TBOR, tax increases and significant government borrowing had to be presented to the voters before they could take effect....

...Hawaii taxpayers can now breathe easier because he was defeated in the Democratic primary....

The Tax Foundation just released its 2015 State Business Tax Climate Index....

Hawaii has one of the most onerous business tax situations. Another drawback: the highest cost of living....

When businesses suffer losses in a calendar year, well-structured corporate tax codes allow them to deduct those losses against previous or future tax returns....

Other states don’t have anything like these exceptions....

Ige comes under increasing scrutiny for supporting tax hikes while misleading attacks on Duke Aiona fall apart....

Why did David Ige sign Grover Norquist's pledge not to raise taxes only to break it later? He's not the only one....

David Ige Once Promised Hawaii Taxpayers He Wouldn't Raise Their Taxes, Then Promptly Broke It....

Takai actually ran a TV commercial claiming he opposed the pension tax “every time.”  This is false and Takai knows it....

...a tax that has been described as the largest tax increase in U.S. history....

...yes I did look at the pension tax as an option. I did look at raising the GET tax....

Takai voted to raid the state retirement fund and to institute a pension tax....

...the State Business Tax Climate Index, released this morning by the nonpartisan Tax Foundation....

...The tax shall be levied and assessed against the gross income of each graduate for the first ten years of employment....

Senator Ige Leaves Door Open For More Excise Taxes, Jokes About Hot School Crisis....

...Hawaii fell eight rungs from last year, tying the great state of New Jersey for the honor of being the least improved state....

10% shortfall--just happens to equal the State's override for collecting the tax....

Mark Takai has spent over a decade trying to raise taxes on just about everything....

GovTrack predicts S.567 and H.R.3118 has a 0% chance of passing out of committee and a 0% probability of being enacted....

Hawaii ranks worst in three major categories in the seventh annual “Rich States, Poor States” report....

...earlier this year, when Senator Ige had a bipartisan measure to provide tax relief on groceries (SB2206, 1/16/14) before his committee, he ignored it....