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President of the Tax Foundation of Hawaii On Jan. 12, Gov. David Ige’s chief of staff and former Director of Taxation Linda Chu Takayama told the House Finance Committee a little more about the revenue enhancement measures (tax hikes) that the administration is going to propose. Ms. Takayama mentioned “wealth tax.” But we aren’t sure what that means. In some states, “wealth tax” means a tax on net worth. If you add up the values of your house, car, stocks and bonds, artwork, and so forth and subtract your debts, that’s the amount you pay tax on. That type of wealth tax would be a nightmare to administer here. Our Department of Taxation used to have people who could value real property, and that is because it administered a state real property tax. But then we had a Constitutional Convention in 1978 followed by a general election which voted to transfer the power and authority to tax real property exclusively to the counties. And we never had a tax on personal proper

United statesDavid igeLinda chu takayamaTom yamachikaTax foundation of hawaiiHouse finance committeeConstitutional conventionOur department of taxationTaxation linda chu takayamaKahala avenueTax foundationஒன்றுபட்டது மாநிலங்களில்டேவிட் ஐஜ்லிண்டா சூ தக்காயமாவரி அடித்தளம் ஆஃப் ஹவாய்வீடு நிதி குழு