Why does Hawaiʻi have a GET?
The General Excise Tax. We all know it, we all complain about it, especially the way it stacks up in transaction after transaction, raising prices. But there was a time when it didn't exist at all. Here's a look at who created it, when, and, most importantly, why.
How federal tax cuts will impact Hawaiʻi residents
While everyone will see some reduction in taxes, for lower- and middle-class households, that will likely be outweighed by rising costs.
OHA seeks housing strategy consultant to advance Mana i Mauli Ola goals
These efforts come at a time when small policy wins at the state level are offering renewed hope but require coordinated implementation to benefit Native Hawaiian communities equitably.
Economic prosperity rises from the bottom up
The Hawaiʻi Appleseed Center for Law & Economic Justice looks at the recent legislative session's hits and misses in this Community Voice column for Aloha State Daily.
Honolulu can fine Airbnb, Vrbo for illegal vacation rentals. It never has
Like other tourist destinations, Honolulu passed a law to hold booking platforms accountable for illegal listings. But the city hasn’t cited any company, even as illegal rentals flourish.
Hawaiʻi could raise its capital gains tax to 9%
Lawmakers are considering increasing the capital gains tax from about 7–9 percent.
Raise sales tax on costly homes, build more rentals
When hard-working locals—from teachers and nurses to waitresses—are struggling to stay housed, it means we have a serious problem.
New policy brief proposes targeted tax relief for struggling Hawaiʻi families
As local families continue to leave Hawaiʻi due to the high cost of living, Hawaiʻi Appleseed stresses the urgency for additional legislative action to help those at risk of homelessness.
No income tax for working class? Unions float radical proposal
A better approach would be to expand an existing state tax credit that was created to offset some of the impact of the excise tax on food, or to create a new child tax credit to support working families.
Current state of wealth taxes in America
This article explores the various kinds of wealth taxes, the history of wealth taxes in the United States, the most notable positions in the current wealth tax debate, recent proposals for wealth taxes at the federal level and the prospects of those proposals being implemented, and a state-by-state breakdown of current and proposed state wealth tax measures.
How Hawaiʻi could prepare for financial impacts of second Trump term
Working families in Hawaiʻi could end up paying more in taxes if President-elect Donald Trump implements some of his proposed policies, but analysts say there’s a way the state can help.
UHERO offers ‘uncertainties’ over Council’s proposed empty-homes tax
The University of Hawaiʻi Economic Research Organization offered more insights over the potential ramifications of an implemented empty homes tax on Oʻahu.
Honolulu City Council bill aimed at taxing empty homes advances
The Honolulu City Council Budget committee narrowly advanced a measure that would tax properties left vacant by up to 3 percent.
Honolulu City Council’s empty-homes tax measure advances
The Honolulu City Council’s Budget Committee voted 3–2 to advance Bill 46, which could tax a vacant real property by as much as 3 percent.
The empty homes tax: A promising step on affordable housing—if we get it right
The Honolulu City Council is considering legislation with the potential to bring much-needed assistance to a market out of reach for many.
Honolulu empty homes tax proposal advances
At 3 percent, annual revenue could be about $180 million, according to a recent estimate from Hawaiʻi Appleseed.
Report backs empty-homes tax to address housing crisis on Oʻahu
To address investment-driven purchases and support affordable housing for working families, Appleseed recommended a 3–5 percent tax, which could generate annual revenue ranging from $183 million to $305 million.
Governor Green enacts historic tax relief for working class
Taxpayers could see higher paychecks starting next year. However, the tax cuts raise concerns about how the state will manage to balance the budget in the years ahead.
The gap between median home prices and household income in Hawaiʻi? It’s ‘scary’
Based on Honolulu’s median home price of $1,085,800 and median family income of $120,100, the index said a mortgage requires 73 percent of the median paycheck.
Concerns rise for low-income families over legislature's recent tax cut measure
The cost of the tax cuts concerns some advocates. An analysis by the Institute on Taxation and Economic Policy estimated an initial annual revenue loss of $656 million, that balloons to close to $1.5 billion by 2030. That's about 10 percent of the state's total budget.