Tag Archive | "tax foundation"

TaxFoundationBug

Hawaii: Second lowest state-local sales tax

MEDIA RELEASE Consumers in Tennessee, Arkansas, Louisiana, Washington, and Oklahoma are shouldering heavier combined state and average local sales tax rates than consumers in other states, according to a new study by the nonpartisan Tax Foundation. Additionally, the report indicates that Alaska, Hawaii, Maine, Wisconsin, and Wyoming have the lowest combined rates, and details the […]

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TaxFoundationBug

Hawaii ranks 14th for state, local tax burden

By: Richard Morrison | Tax Foundation New Yorkers faced the highest state and local tax burden in the country in fiscal year 2010, while residents of Alaska can celebrate the lowest, according to a new study by the Tax Foundation. Between those two extremes – both consistent over several years – a number of states […]

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Hawaii property taxes well below New York, New Jersey

Hawaii property taxes well below New York, New Jersey

MEDIA RELEASE For some time now, The Tax Foundation has published median property tax statistics for U.S. counties. Previously, data limitations meant that only mid- to high-population counties could be included. Now, for the first time, data includes nearly all U.S. counties, ranked three different ways: by median property taxes paid on homes, by median […]

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Rising gasoline prices benefit a few states

Rising gasoline prices benefit a few states

By Alex Wood-Doughty, Sarah Hyon and Kail Padgitt | Tax Foundation Every day, news headlines highlight the rising price of crude oil. An article on the determinants of oil prices, ominously titled “The Price of Fear,” was the top story in a recent edition of The Economist. Federal Reserve Chairman Ben Bernanke testified before both […]

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State-local tax burdens fell in 2009

State-local tax burdens fell in 2009

Special to Hawaii 24/7 by Mark Robyn and Gerald Prante | The Tax Foundation Combined state and local tax burdens fell slightly in fiscal year 2009, as taxes shrank faster than income due largely to a slower economy. The nation as a whole paid 9.8 percent of its income in state and local taxes, down […]

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Tax Foundation shows property tax data by county

Tax Foundation shows property tax data by county

MEDIA RELEASE The Tax Foundation has expanded its portfolio of online tools to include a calculator to demonstrate the spending limits that would be imposed by a Taxpayers Bill of Rights and a database of property tax information for every county in the nation. These and other tools are available as a public service on […]

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Tax Foundation experts comment on Obama Tax Package

Tax Foundation experts comment on Obama Tax Package

MEDIA RELEASE Earlier this month, U.S. Senate and House lawmakers approved a tax package, which was signed by President Barack Obama. The following are statements by Tax Foundation economists and analysts in response to the passage of these provisions. The Impact of Passage on the Future of Tax Policy Scott A. Hodge — President, Tax […]

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New Census data on homeowner property taxes

New Census data on homeowner property taxes

MEDIA RELEASE The Census Bureau has released new housing numbers courtesy of the 2009 American Community Survey (ACS), which includes real estate taxes paid on owner-occupied housing units. Data is included for many geographical units, including states and high-population counties. (See Note #1, #2 below) The Tax Foundation has long published historical data on property […]

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Reports rank combined sales tax rates

Reports rank combined sales tax rates

MEDIA RELEASE Tennessee has the highest combined state and average local sales tax rate of 9.44%, and the Alabama cities of Birmingham and Montgomery are tied for the highest combined state, county and city sales tax rates among major metropolitan areas at 10%, according to two new Tax Foundation reports on state and local sales […]

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Record number of tax filers paid no federal income taxes in 2008

Record number of tax filers paid no federal income taxes in 2008

MEDIA RELEASE A record number of the 142 million tax returns filed in 2008 resulted in no tax payment, according to a Tax Foundation analysis of IRS data. That means the tax filers got back every dollar that had been withheld from their paychecks, and often more. Roughly 51.6 million tax returns, or 36.3 percent, […]

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