The long struggle over taxing the rich
States’ taxes lean most heavily on poorer residents. These states are trying to change that.
Will the states finally tax the rich?
Lawmakers in seven states last month introduced legislation that aims, in some innovative ways, to raise taxes on their most fiscally favored.
Want to give our kids a future? Change the way we tax wealth
Enhanced revenue should come from those who can afford to pay more including large corporations and out-of-state investors.
Hawaiʻi bill looks to increase capital gains taxes
A new bill in the state legislature is looking to tax these investments like regular working income.
A national wealth tax has gone nowhere. Now some states want to tax the ultra-rich
Each state has its own approach for taxing the rich, but typically the strategies include taxing assets as well as lowering the threshold for estate taxes.
Tax the rich? Liberals renew push for state wealth taxes
Supporters of taxes on the very rich contend that people are emerging from the COVID-19 pandemic with a bigger appetite for what they’re calling “tax justice.”
Hawaiʻi Tax Fairness Coalition protest at state capitol in favor of new tax on ultra-wealthy
The coalition is proposing new taxes on the ultra wealthy, and more tax relief to the low and middle income residents.
State progressives launch coordinated push to raise taxes on the rich
A coalition of left-leaning state legislators announced a new effort Thursday to tax the richest Americans, simultaneously introducing bills across eight states.
Tax-the-rich blue states want to leave wealthy ‘nowhere to hide’
Progressive lawmakers in a handful of blue states joined forces Thursday in a campaign to fire up energy for tax-the-rich policies in state capitols.
Billionaires in blue states face coordinated wealth-tax bills
Some measures are based on Sen. Elizabeth Warren’s proposals to make the super-rich pay more
House approves minimum wage, Mauna Kea bills after emotional floor debate
As the Legislature nears the halfway mark for this year’s session, measures to provide $600 million for Native Hawaiian housing and increase the capital gains tax also advance.
Capital gains tax increase and a new carbon tax may not make the cut
With all 76 members of the legislature up for reelection, lawmakers are expected to shy away from those potentially controversial tax measures this year.
Hawaiʻi senate committee mulls inheritance and conveyance tax increases
Even after a $1.6 billion federal bailout, a key lawmaker says the state might need more money.
Tax form change would clarify amount of REIT deductions
As Hawaiʻi faces major budget shortfalls this year and several years to come, it is imperative that all corporations provide accurate reporting of its assets and revenues generated.
To invest in its future, Hawaiʻi needs to raise taxes now
Kicking the can down the road further burdens the taxpayers of tomorrow.
Require REITs to disclose assets and revenues
So long as these trusts aren’t paying corporate income taxes, they aren’t paying their fair share of taxes.
Make sure Hawaiʻi’s tax policy is equitable
Tax policy must ensure that the burden of funding our society—of bringing in the revenues we need to give Hawaiʻi’s residents the best and brightest future possible—is spread fairly.
REITs should contribute more
REITs own property in the islands with a collective estimated total value of $17 billion but, unlike other businesses, the trusts in Hawaiʻi are effectively exempt from state income tax.
Hawaiʻi lawmakers again considering taxing income on REITs
Similar legislation was vetoed by Gov. David Ige in 2019, who warned that it would hurt investment in the islands.
It’s absurd that REIT income is not taxed in Hawaiʻi
Hawaiʻi lawmakers should do the right thing and pass Senate Bill 301.