Tuesday, November 5, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, April 15, 2014
Kiplinger: Hawaii 5th-Least Tax-Friendly State
By Selected News Articles @ 6:16 PM :: 3897 Views :: Taxes

Kiplinger: 10 Least Tax-Friendly States in US

From Kiplinger Report, April 15, 2014 (excerpt)

Here is our list of the ten least tax-friendly states. All levy above-average property taxes. Income taxes are high in these states, too. And depending on where you live, you could pay up to 10% in combined state and local sales taxes. Making matters worse, some of these states also have the highest gas prices in the U.S., in part because they charge above-average fuel taxes and fees....

5. Hawaii

  • State income tax: 1.4%-11%
  • State sales tax: 4%
  • Gas taxes and fees: $0.50 per gallon (varies by county)

The Aloha State is known for its high cost of living. High income tax rates are part of the reason. The top rate of 11% applies to taxable income of $300,000 for individual filers and $400,000 for married couples.

Prescription drugs are exempt from the state’s 4% sales tax, but just about everything else is taxed, including services. Vehicles are subject to the state sales tax, even if they’re purchased on the mainland. Residents also pay annual taxes on their vehicle’s weight to both state and county.

There is one ray of sunshine: While property values are high, property taxes as a percentage of home value are low. The median property tax on the state's median home value of $517,600 is $1,324, according to the Tax Foundation.

Read ... 10 Least Tax Friendly States

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

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 Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii