Missouri State and Local Taxes and Revenues: A Fifty-State Comparison
for 2002
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Steven B. Winter, Seth A. Kessler, and Judith I. Stallmann
Division of Applied Social Sciences, College of Agriculture, Food and Natural
Resources and Truman School of Public Affairs
The major source of revenue for
the state of Missouri is the individual income tax. For local government
the major source of revenue is the property tax, but this varies by type of
local government.
The state and local tax system of Missouri is regressive. Lower income families
pay a higher percentage of their income in state and local taxes than do higher
income families.
Among the 50 states, Missouri ranks
- 42nd in state and local taxes
as a percentage of personal income. Missouri citizens pay on average 9.52
percent of their personal income. This is below the national median of 10.41
- 10.39 percent. In 1997 Missouri ranked 43rd at 9.6 percent of personal income
in state and local taxes. Of its neighbors, only Tennessee (49th) ranks lower
than Missouri in taxes as a percentage of personal income.
- 35th in state and local taxes per capita. The average
Missouri citizen paid $2,667 in all state and local taxes for fiscal year
2002, below the national median of $2,941 - $2,837. In 1997 Missouri ranked
36th in taxes per capita.
- 22nd in sales taxes (all general and selective
sales taxes) as a percentage of personal income, 3.80 percent, and 27th in
per capita sales taxes.
- 24th in individual income
tax as a percentage of personal income, 2.47 percent, and 21st per capita.
- 38th in corporate income plus franchise taxes
as a percentage of personal income, 0.20 percent, and 36th per capita.
- 39th in property taxes as a percentage of personal
income, 2.44 percent, and 37th in property taxes per capita.
About the authors
Steven Winter and Seth Kessler are graduate research assistants and master's
candidates, Truman School of Public Affairs.
Judith Stallmann is Professor in Agricultural Economics, Rural Sociology
and the Truman School of Public Affairs and a Community Development Extension
Specialist.
Keywords
- Individual income tax
- Sales and gross receipts taxes
- Corporate income tax
- Franchise tax
- Liquor tax
- Utility revenue
- Estate/inheritance tax
- Federal revenues
- Interest and investment income
- Licenses, fees, permits, fines and penalties
- Net lottery proceeds
- Bond sales
Pages
MP743, new August 2005
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