Entries for 'Tax Foundation'

...in FY 2015, the corporate income tax only comprised 5.3 percent of state tax collections....

...how much U.S. taxpayers deduct in home mortgage interest by county....

... Honolulu is the most expensive city in the USA, but in rural Hawaii $100 is worth $99.90 ....

... Hawaii ranks 4th with an average deduction of $2629 ....

...the same amount of cash can buy you more in a low-price state than in a high-price state....

... Before the latest increase, Hawaii ranked 11th ....

...State inheritance and estate taxes, together with the federal estate tax, reduce investment, discourage business expansion, and can sometimes drive wealthy taxpayers out of state....

...the share of state and local road spending that is covered by tolls, user fees, and taxes varies drastically. It ranges from only 12 percent in Alaska to 76.3 percent in Hawaii....

...Hawaii taxes the spirit at $5.98 per gallon....

...Check out today’s map below to see where your state lies on the wine tax spectrum....

All fifty states and the District of Columbia impose some tax on beer above and beyond the general sales tax....

Property taxes are assessed as a percentage of home values, so it follows that higher property taxes are paid where housing prices are higher than average....

For this week’s map, we look at state cigarette tax rates across the country....

... Hawaii ranks 31st at 21.5% of collections ....

There are two factors contributing to this regional variation. The first is that higher-income taxpayers tend to take larger deductions....The second factor for county-by-county variation is that state and local tax regimes differ substantially....

On average, 23.3% of state and local tax revenues came from sales taxes in fiscal year 2014.  For Hawaii 37.6%....

Corporate income taxes are one of the smallest sources of state and local tax revenue....

Hawaii has the broadest sales tax in the United States, but it taxes many products multiple times and, by one estimate, ultimately taxes 99.21 percent of the state’s personal income....

In 49 out of 50 states, pass-through businesses employ over 50 percent of the private workforce. The one exception is Hawaii....

Today, there is a growing stereotype of Native Hawaiians as a monolithic group that opposes all that is American and asserts exclusive rights against the majority of others who have made Hawaii their home. This stereotype is clearly not the true picture....

...states that rely heavily on federal assistance tend to have modest tax collections and a relatively large low-income population....

Excessive taxes and fees, especially regressive per-line taxes, impose a disproportionate burden on low-income consumers....

But in rural Hawaii $100 is worth $101.70....

...two studies that serve as guides for legislators, the media, and the public as to the state of marijuana taxation today and the implications of taxing marijuana in the future....

...Americans will collectively spend more on taxes in 2016 than they will on food, clothing, and housing combined....