Hawaiʻi’s capital gains loophole floats the rich as working families struggle to stay above water
In the interest of tax fairness, the State of Hawaiʻi should tax capital gains—income from selling assets such as stocks, bonds, art and real estate—at the same rates as income made from wages, salaries and other compensation for work.
Leverage Hawaiʻi’s conveyance tax to equitably fund affordable housing, land conservation and infrastructure needs
The legislature has the opportunity this session to raise revenue to pay for much needed affordable housing—as well as land conservation and infrastructure—by increasing conveyance tax rates on investment properties.
Legislative agenda 2023: tax reforms to boost incomes and fund investments in our future
Top of the list of immediate challenges for Hawaiʻi is to find a way to prevent our people from being overwhelmed by the high and rising cost of living in the islands.