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Hawaii doesnât have a sales tax, but it does impose the general excise tax (GET) âat every level of transaction on goods and servicesâ¦ .â The GET is 4% throughout most of Hawaii, and 4.5% on Oahu,but the state allows a business to charge their customers a maximum of 4.712% to help recoup some of their total GET.
Hawaii received other notable mentions. The state is ranked 48th with a marginal personal income tax rate of 11 percent. Just two other states have higher income taxes. New York, at 12.7 percent, is 49th, and California, 5oth, comes in at 13.3 percent. For combined federal corporate tax and state corporate tax rates, Hawaii is listed at 39.2 percent or 2.4 percent below the worst stateâIowa at 41.6 percent. In overall economic outlook, Hawaii was 40th. Senate Minority Leader Sam Slom, a Republican, said he has serious concerns about Hawaiiâs economic outlook.