Wednesday, March 27, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, October 23, 2019
State Business Tax Climate Index--Hawaii Drops from 26th to 37th
By Tax Foundation @ 6:02 PM :: 3956 Views :: Hawaii Statistics, Taxes

From The Tax Foundation, October 23, 2019

Today, we are excited to release the 17th edition of our annual guide, the State Business Tax Climate Index.

While there are many ways to measure how much each state collects in taxes, the Index is designed to measure how well states structure their tax systems.

To do that, the Index analyzes more than 120 variables in the five major areas of taxation—corporate taxes, individual income taxes, sales taxes, property taxes, and unemployment insurance taxes.

The result is a powerful tool for understanding how Hawaii's tax code compares and the steps it can take to cultivate a more competitive tax climate.

This year, the top- and bottom-ranked states are as follows:

Top 10 States

Bottom 10 States

It is important to remember that even in our global economy, states’ stiffest competition often comes from other states. 

The modern market is characterized by mobile capital and labor, with all types of businesses, small and large, tending to locate where they have the greatest competitive advantage.

The evidence shows that states with the best tax systems will be the most competitive at attracting new businesses and most effective at generating economic and employment growth.

LINK: #37 HAWAII

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.

2020 State Business Tax Climate Index Ranks and Component Tax Ranks

State Overall Rank Corporate Tax Rank Individual Income Tax Rank Sales Tax Rank Property Tax Rank Unemployment Insurance Tax Rank
Hawaii 37 16 47 30 11 28

 

State Business Tax Climate Index (2014–2020)
  2020 2019 2019-2020 Change Prior Year Ranks
State Rank Score Rank Score Rank Score 2018 2017 2016 2015 2014
Hawaii 37 4.68 37 4.71 0 0.04 26 26 32 31 29

 

To learn more, you can download the full study here, including a detailed methodology, or you can explore the data by launching our interactive web tool at the link below.

Explore Our Interactive Tool

Support our work in Hawaii

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT