10 States With the Lowest to Highest Capital Gains Tax Rate

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8. Hawaii:

Capital Gains Tax as of 2023: 7.25%

Hawaii’s capital gains tax rate currently stands at 7.25%, which is below the state’s income tax rate of 11%. Recently, the state’s legislature has proposed a new bill that suggests that its capital gains should be taxed at the same rate as ordinary income. Through this change, the state would be able to generate nearly $132 million in revenues in the next fiscal year, the figure that would rise to approximately $187 million within six years.

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