Honolulu Civil Beat: Is This Really Fair Taxation?
media mentionThe bill’s preamble language, which is supposed to give the reader some idea of what is motivating the law change proposal, states:
According to the study “Who Pays: A Distribution Analysis of Tax Systems in All 50 States, Fifth Edition” (Institute of Taxation & Economic Policy, January 2015), Hawaii households with income in the lowest twenty per cent spend 13.4 per cent of their income on taxes, while Hawaii households with income in the top one per cent pay only seven per cent of their income on taxes, after factoring in major state and local taxes, including personal and corporate income taxes, property taxes, and sales and excise taxes.