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03-28-2025, 02:26 AM
(This post was last modified: 03-28-2025, 02:55 AM by Punatang.)
The administration has created this nifty new website with FAQs and a tax calculator to help Hawaii taxpayers. The website landing page says:
Big changes are here to help you keep more of your hard-earned money. Act 46 – the largest income tax reduction in Hawai‘i’s history – brings meaningful savings to all Hawai‘i residents.
Whether you’re raising a family, a kupuna on a limited income, or just getting started, these changes make a difference. For example, a family of four earning $88,000 will save about $20,000 in state taxes over the next five years – helping to make life in Hawai‘i more affordable.
https://www.taxcuthawaii.org/
Go Josh! 
I wish you all the best
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I would like to say that it is about time they stopped taking more in than they spent, but that wouldn't account for the massive pension deficit issue that the state has...
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"..But Green declared that “we won’t be cutting services,” in part because he predicts the tax cut will grow the state economy. A larger economy would translate into increases in other kinds of tax collections, such as the general excise tax.
“Individuals who are working paycheck to paycheck will spend every single dollar on local businesses, on their rent, on cars, on their health care needs. They will spend it here for their families, for school books for their children, they will all spend it right here at home,” he said.
Green also said he expects that reducing income taxes will mean residents will have more money and can rely less on Medicaid and other expensive social programs..."
https://www.civilbeat.org/2024/06/gov-jo...ffordable/
Wishful thinking, Josh. Relying less on Medicaid? Not likely, unless of course those services are simply no longer available. That'd do the trick!
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03-29-2025, 10:30 PM
(This post was last modified: 03-29-2025, 10:31 PM by Punatang.)
"Green campaigned on a plan to impose a new “green fee” on arriving tourists to help cope with climate change and the impacts from the millions of tourists who come here each year, but the idea has stalled at the Legislature in each of the last three sessions."
https://www.civilbeat.org/2024/06/gov-jo...ffordable/
Mahalo for posting that article Fiend. Could this be considered a tourist tariff? We had to pay $100 each to set foot in The Galapagos some years ago. We thought that was OK.
I wish you all the best
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"Green also said he expects that reducing income taxes will mean residents will have more money and can rely less on Medicaid and other expensive social programs...""
The tax reduction could increase some residents'income enough to make them ineligible for some forms of relief..
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(Yesterday, 01:37 AM)Obie Wrote: "Green also said he expects that reducing income taxes will mean residents will have more money and can rely less on Medicaid and other expensive social programs...""
The tax reduction could increase some residents'income enough to make them ineligible for some forms of relief..
Which ones? For example I believe Medicaid eligibility is based on gross income, not net.
