Entries for 'Tax Foundation'

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....