![]() ![]() One of the tipping points for doctors here on Hawaii is having grown up here and the want to “come back home.” As for me, we’ve set down roots here and it would be near impossible for us to move now. For the vast majority of doctors, it is simply not worth it. You give up a lot of things to live on an island in the Pacific. I’ve talked about before but Living in Hawaii and Being a Doctor in Hawaii is not easy. It’s not because of how significant the tax hike would be in terms of money, but more of “the straw that broke the camel’s back”. That said, after the news of a proposed tax hike broke - I briefly considered it. would simply be too costly to make any kind of move worthwhile. ![]() Then to uproot the kids from school, have to sell the house, move, buy a new house, etc. It would simply be too difficult for my wife to find a new job that she likes as much as her current one. My family and I like living in Hawaii and even a tax hike as significant as this won’t change that. If this tax increase goes through as it is, pretty much all doctors will see a 16% tax on every dollar they make over $200,000. Of course, high cost of living and housing prices being sky high don’t help either, but let’s just concentrate on the tax aspect. This doesn’t seem too bad, except you need to account that Hawaii residents all have to pay a general excise tax (GET) on basically everything purchased. For that reason, the current highest marginal tax bracket for a doctor will be 11%. The majority of doctors make more than $200,000. ![]()
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