Hawaii HB928 proposes to increase income tax rates for high-income earners to address income inequality.

Hawaii HB928 aims to tackle income inequality by increasing income tax rates for high-income earners. The bill establishes new tax brackets with higher rates for incomes above certain thresholds, effective for taxable years beginning after December 31, 2029. This measure is intended to ensure that the highest earners contribute a fairer share of their income in taxes, helping to fund public investments and services that benefit all residents.

Hawaii HB928 proposes to increase income tax rates for high-income earners to address income inequality.

Hawaii HB928 aims to tackle income inequality by increasing income tax rates for high-income earners. The bill establishes new tax brackets with higher rates for incomes above certain thresholds, effective for taxable years beginning after December 31, 2029. This measure is intended to ensure that the highest earners contribute a fairer share of their income in taxes, helping to fund public investments and services that benefit all residents.