Hawaii has a very high corporate tax rate, which is why the state has a lot of issues when it comes to raising revenue.
But, with a high corporate income tax rate and high state and local tax rates, Hawaii has the lowest rate of any state in the country.
When you factor in Hawaii’s relatively low property tax, that means Hawaii residents pay about 1.5 percent of their gross income in property taxes.
Hawaii’s tax rate has been steadily rising since 2009, when it was around 2 percent.
But with the economy struggling, the state’s tax revenue has been flat for years, and now that it’s on pace to hit 1.6 percent, that could be a real problem for lawmakers.
Here are some of the reasons why: 1.
Hawaii is a “tax haven” state