Revenue Options to Fund Our Future
Total Potential Revenue
$1.1 billion+
Stop Tax Cuts for the Wealthy
Up to $588.3M Revenue (HB 2306)
The State passed huge tax breaks with Act 46 in 2024, and the top 1% of taxpayers will benefit the most. These tax cuts for taxpayers at the top should be frozen.
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Tax Wealth Like Work
Options
$84M Revenue
Income from investments should not be taxed at lower rates than income from regular work. This proposal would tax capital gains fairly, at the same rate as ordinary income from a job.
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Tweak the Conveyance Tax
$270.8M - $302.6M Revenue (HD3 SD1 Draft)
Luxury homes and second homes should be taxed at higher rates when they're sold. This proposal would make the conveyance tax lower for middle-class Hawaii residents, while making it higher for the ultra-wealthy.
Closing the Real Estate Investment Trust Loophole (No Longer Alive)
$36M - $60M Revenue
REITs make millions of dollars off real estate but pay no corporate income tax to our state.
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Millionaire's Income Tax (No Longer Alive)
Bill Options
$71M Revenue
Tax on income over $1 million. The State's top 1 percent can afford to pay more to help secure our state's future.
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Other Priorities
Wealth Proceeds Tax
$53.9M Revenue
Investors should be fairly taxed on all of their income from investments, including passive income.
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