Missouri Revenue

Proponents of proposals to replace the state’s income tax with a greatly expanded sales tax assert that doing so will increase economic growth.  An analysis of the data shows that there is no relationship between state income tax and state economic growth.  To Read More

Advocates of the effort to eliminate Missouri’s income taxes and replace them with a greatly expanded sales tax often attempt to correlate the income tax with population growth. A review of population growth over times shows only a continuation of U.S. migration patterns, Read More

In the last year, Missourians spent approximately $2.8 billion on e-commerce.  However, the state’s sales tax hasn’t kept up with the changing economy. In 2012, Missouri is estimated to lose $210 million in state and local revenue. Missouri policymakers can Read More

There are currently nine initiative petitions and two legislative proposals to place a constitutional amendment before voters in November 2012 that would eliminate personal and corporate income taxes and replace them with a greatly expanded sales tax.  Learn about the mega Read More

Missouri General Revenue collections increased 15.9% in the month of January, and net GR collections are up 6.3% for FY 2011.  If revenue continues to show improvement, the current fiscal year should be safe from any additional budget reductions.  However, the budget Read More

The federal tax law signed in December allows businesses to utlize accelerated investment expensing.  As a result, Missouri will lose as much as $143 million in state corporate tax revenue from 2011-2012.  Missouri can prevent this loss by enacting a provision in its Read More

Missouri’s net General Revenue collections increased by 9.4 percent in December and are up 4.6 percent for all of FY 2011.  However, by any historical standard, the Missouri revenue situation remains in the doldrums.  To learn more, click here. Read More

Recent reports have highlighted both improvements in Missouri’s General Revenue for the current fiscal year and less dire forecasts for shortfalls in fiscal year 2012.  While improvements in the state’s fiscal condition are welcome, it is important to understand Read More

One of the goals of the Affordable Care Act passed last year is to strengthen protection for consumers and to assure a good value for their health dollar.  The U.S. Department of Health and Human Services issued regulations requiring insurers to spend a certain percentage of Read More

Missouri General Revenue collections (net of refunds) increased 9.4 percent in the month of December.  Should growth continue at this level, the state should be able to avoid additional budget cuts during FY 2011.  However, even with this growth, the state budget for FY Read More