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USA: Hawaii Ranks Near Bottom on Economic Outlook Report

?The American Legislative Exchange Council released its annual report “Rich States, Poor States” this week that showed Hawaii with the 46th best – or 4th worst – overall economic outlook ranking.
Some of the details about the factors impacting Hawaii’s economy include:
1. Top Marginal Personal Income Tax Rate: 11.00% Rank: 49

2. Top Marginal Corporate Income Tax Rate: 6.40% Rank: 18

3. Personal Income Tax Progressivity (change in tax liability per $1,000 of income) $13.22 Rank: 36

4. Property Tax Burden (per $1,000 of personal income) $23.89 Rank: 10

5. Sales Tax Burden (per $1,000 of personal income) $44.68 Rank: 49

6. Remaining Tax Burden (per $1,000 of personal income) $21.68 Rank: 39
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