What Is the Real Value of $100 in Metropolitan Areas?
The differences in purchasing power can be large and they have significant implications for the relative impact of economic and tax policies across the United States.
3 min readHow does Hawaii’s tax code compare? Hawaii has a graduated state individual income tax, with rates ranging from 1.40 percent to 11.00 percent. Hawaii has a graduated corporate income tax, with rates ranging from 4.4 percent to 6.4 percent. Hawaii also has a 4.00 percent state sales tax rate and an average combined state and local sales tax rate of 4.50 percent. Hawaii has a 0.26 percent effective property tax rate on owner-occupied housing value.
Hawaii has an estate tax. Hawaii has an 18.5 cents per gallon gas tax rate and a $3.20 cigarette excise tax rate. The State of Hawaii collects $7,778 in state and local tax collections per capita. Hawaii has $13,654 in state and local debt per capita and has a 65 percent funded ratio of public pension plans. Overall, Hawaii’s tax system ranks 42nd on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Hawaii is no exception. The first step towards understanding Hawaii’s tax code is knowing the basics. How does Hawaii collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
The differences in purchasing power can be large and they have significant implications for the relative impact of economic and tax policies across the United States.
3 min readThe state EV taxation landscape reflects the evolving transportation sector and the pressing need to address both fiscal gaps in road funding and environmental concerns.
4 min readAny move to repeal the cap or enhance the deduction would disproportionately benefit higher earners, making the tax code more regressive.
5 min readProperty taxes are the primary tool for financing local governments and generate a significant share of state and local revenues.
6 min readIf the policy goal of taxing cigarettes is to encourage cessation, vapor taxation must be considered a part of that policy design.
3 min readAs more and more states move away from throwback or throwout rules, those states that still impose these rules are becoming less attractive for businesses, which are incentivized to relocate their sales activities to non-throwback states.
6 min readCalifornia pumps out the highest state gas tax rate of 77.9 cents per gallon (cpg), followed by Illinois (66.5 cpg) and Pennsylvania (62.2 cpg).
2 min readHowever well-intended they may be, sales tax holidays remain the same as they always have been—ineffective and inefficient.
4 min readCompare the latest 2023 sales tax rates as of July 1st. Sales tax rate differentials can induce consumers to shop across borders or buy products online.
8 min readTaxes are the single most expensive ingredient in beer, costing more than the labor and raw materials combined.
3 min read