The news site Kiplinger has released its list of top 10 least tax friendly places in the United States.
Hawaii came in at number 5, just behind California, Connecticut, New Jersey and New York.
Hawaii was ranked poorly, according to the report, because the state income tax is among the highest in the nation at 11 percent for the state’s highest earners. The 11 percent tax rate is on individuals who make at least $300,000 a year and married couples who make $400,000 a year.
Hawaii’s General Excise Tax is 4 percent, but that is charged at every level of transaction, making it equivalent, according to the Tax Foundation of Hawaii, to about a 12 percent sales tax.
Motor vehicles are subject to the tax even if they are purchased on the mainland.
Hawaii also received poor marks for the vehicle weight tax charged by both the state and county.
Hawaii has the highest gas prices in the nation in part because the state charges above-average fuel taxes and fees.
Depending on the county, gas taxes and fees are about 50 cents per gallon.
That is one of the reasons I moved back to the mainland
What most people don't know and what this study fails to mention is that Hawaii is actually a lower middle state when it comes to all taxes both state and county taxes. State taxes are higher in Hawaii because we have a state wide BOE which removes the tax burden from the district level to the state.
If all taxes and fees are added up, Hawaii doesn't even come close to being a top 10 most taxed state.
You forget there's more, to add that will come close to being a top 10 most taxed state.
Bill 1, relating to parking, proposed the pilot project to grant operating permits to mobile food units, or food trucks, within the Hawaii Capital Special District. The permit would cost about $400.
Read more: https://www.kitv.com/news/food-truck-vendors-to-sp…
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