WallHub: Hawai’i Taxes Some of the Worst

Personal finance social networking site WalletHub has released findings from its recent analysis on 2015’s Best States to be Rich or Poor from a Tax Perspective, and it doesn’t look good for Hawai’i.

WalletHub used calculated shares of income to determine a taxpayer’s contribution toward sales and excise tax, property taxes, and income taxes. Using the Institute of Taxation & Economic Policy’s 2015 report, WalletHub generated estimates of state-specific tax burden on residents within three income brackets: low, medium, and high.

With one being the best, 25 being the average, and 51 the worst rank, the State of Hawai’i ranked 50^th in both the “Highest Sales and Excise Tax Burden Between Rich and Poor” and “Worst States to Earn a Low Income” categories. The state also ranked 48^th when it came to middle class income earners and 31^st for high income earners.

Among the best states to earn a high income are Alaska, Wyoming, and Nevada. On the other hand, New York, Connecticut, and Maryland were among the worse states to earn a high income.

Alaska was also on the list of states who were the best to earn a low income, along with Delaware and Montana. In addition to Hawai’i, Washington and Illinois were among the worst states to earn a low income.

Best and Worst States for Low Income Earners:

Best and Worst States for High Income Earners: