Tax Revenue and Economic Performance Analysis

Hawaii exempts 16% of income through pension disbursements Composition of federal Individual Income in Hawaii Captital gains 3% Social security 4% Self-employment income. 6% Interest & dividends 2% Pensions & IRA distributions 12% Income Source Rate Wage & Salaries Pensions & IRA distributions Self-employment income Social security Variable (See tax bracket) 0% (Employer contributions exempt) Variable (see tax bracket) 0%, (exempt) Capital Gains 7.25% Wages & salaries 73% Interest & Dividends Variable (see tax bracket) 20

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