Shaping Policies. Creating Opportunities.

January 30, 2013

National Report: Poorest Missourians Pay Nearly Twice the Effective Tax Rate as the Wealthiest

According to a new report by the Institute on Taxation and Economic Policy, Missouri takes a much larger share of income from low- and middle-income families than it does from the wealthiest.  To see a summary of Missouri’s standing, click here.  For the full
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National Report: Poorest Missourians Pay Nearly Twice the Effective Tax Rate as the Wealthiest

According to a new report by the Institute on Taxation and Economic Policy, Missouri takes a much larger share of income from low- and middle-income families than it does from the wealthiest.  To see a summary of Missouri’s standing, click here.  For the full
Read More

Poorest Missourians Pay Nearly Twice the Effecive Tax Rate of Wealthiest

Considering all state and local income, property, sales, and excise taxes Missourians pay, the poorest Missourians pay substantially higher effective tax rates than the wealthiest.  "Proposed tax cuts being debated in the legislature would further the inequity of who
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