Business

Hawaii Ranked in Top-Ten States with Lowest Tax-Burden

March 16, 2015, 2:59 PM HST
Listen to this Article
1 minute
Loading Audio...
A
A
A

According to the IRS, the average adult in the U.S. pays $4,922.39 in taxes every year.  But the amount varies widely from state to state.

Hawaii has a relatively low average when it comes to tax-burdens, according to a study by MoneyRates.com that assessed who pays the most in annual taxes across the nation.

The Islands ranked number five in a top-ten list of states with the ‘lowest-tax burden’, rated according to taxes per-capita and equally weighted tax rates.  The per-capita taxes for Hawaii are in the bottom 10, while equally weighted taxes are the fourth lowest in the nation, according to the study.

Nationally, Washington D.C. has the highest tax burden in both per capita taxes and equally weighted tax rates, measured at $8,820.13 and 12.32 percent, respectively.

Arkansas came out on top for the lowest tax burden nationwide, ranked as fourth-lowest in per capita taxes and fifth-lowest in equally weighted tax rate.  The combined numbers gave it the top standing, with residents paying an average of $3,100.71, at 10.81 percent, annually.

ARTICLE CONTINUES BELOW AD

See the full listing nationwide here.

ARTICLE CONTINUES BELOW AD

 

Comments

This comments section is a public community forum for the purpose of free expression. Although Big Island Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments

Newsletters

Get a quick summary of what’s happening on the Big Island with our daily & weekly email of news highlights.