09-04-2017, 09:53 AM
Yes, the state excise tax taxes the tax.
Correct, because that 4% charged to the customer is income for the business, which must itself also be taxed. Not regressive at all.
0.5 percentage point surcharge that's already in place and only applies to Oahu
State keeps 10% of that surcharge as a "handling fee", which they're graciously offering to reduce to 1%, so as to "help pay for rail".
Pass-through rate on Oahu is 4.712%. Amazing what a little "tax on the tax" will do.
Correct, because that 4% charged to the customer is income for the business, which must itself also be taxed. Not regressive at all.
0.5 percentage point surcharge that's already in place and only applies to Oahu
State keeps 10% of that surcharge as a "handling fee", which they're graciously offering to reduce to 1%, so as to "help pay for rail".
Pass-through rate on Oahu is 4.712%. Amazing what a little "tax on the tax" will do.