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Tuesday, April 18, 2017
Rich States-Poor States: Hawaii Ranks 43rd
By News Release @ 10:13 PM :: 7295 Views :: Economy, Hawaii Statistics, Taxes

Rich States, Poor States, 10th Edition

by Dr. Arthur B. Laffer, Stephen Moore & Jonathan Williams, ALEC, April 18, 2017

Introduction: The 10th Edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index reveals a pro-growth trend across the nation for 2017.

Rich States, Poor States examines the latest movements in state economic growth. The data ranks the 2017 economic outlook of states using fifteen equally weighted policy variables, including various tax rates, regulatory burdens and labor policies. The ninth edition examines trends over the last few decades that have helped or hurt states’ economies.

Used by state lawmakers across America since 2008, Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index, is authored by economist Dr. Arthur B. Laffer; Stephen Moore, distinguished visiting fellow at the Heritage Foundation; and Jonathan Williams, vice president of the ALEC Center for State Fiscal Reform.

PDF: Rich States, Poor States

Economic Outlook: Hawaii Ranks 43rd

Hawaii is currently ranked 43rd in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.

Hawaii Current Economic Outlook –43rd

From the 2017 edition of Rich States, Poor States. These values are the most recent available at the time of publication.

POLICY   VALUE   RANK

Top Marginal Personal Income Tax Rate: 8.25%  42nd

Top Marginal Corporate Income Tax Rate: 6.40%  21st

Personal Income Tax Progressivity (change in tax liability per $1,000 of income) $13.54  36th

Property Tax Burden (per $1,000 of personal income) $21.69  10th

Sales Tax Burden (per $1,000 of personal income) $47.43 50th

Remaining Tax Burden (per $1,000 of personal income) $27.99 46th

Estate / Inheritance Tax Levied?   Yes  50th

Recently Legislated Tax Changes  -$1.00826  7th

Debt Service as a Share of Tax Revenue 7.41%  26th

Public Employees Per 10,000 of Population (full-time equivalent) 524.48 24th

State Liability System Survey (tort litigation treatment, judicial impartiality, etc.) 62.8   30th

State Minimum Wage (federal floor is $7.25) $9.25  38th

Average Workers’ Compensation Costs (per $100 of payroll)  $1.96 34th

Right-to-Work State?  (option to join or support a union) No  50th

Tax Expenditure Limits 1  15th

Hawaii Economic Performance Rank -- 26th

Hawaii is currently ranked 43rd in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.

METRIC   VALUE   RANK

Cumulative GDP Growth, 2005 – 2015   37.2%   24st

Cumulative Domestic Migration, 2006 – 2015   -43,856   33rd

Non-Farm Employment Growth, 2005 – 2015   5.54%   23st

read … Hawaii Report

PBN: Hawaii near the bottom in terms of economic outlook

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