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Taxation in Missouri primarily takes the form of income taxes, sales taxes, and property taxes. The Missouri Department of Revenue administers and collects the income and sales taxes, including local sales taxes, whereas property taxes are entirely administered by local jurisdictions. In addition to the aforementioned taxes, excise taxes are ...
Missouri has passed two large permanent tax cuts, with income tax rate cuts enacted in a special session in 2022, and a bill exempting Social Security benefits from state income tax in 2023.
From 1972 to 2018, the top income tax rate in Missouri was 6% of taxable income above $9,000. ... The corporate income tax rate was also increased in 1993 and was set at 6.25%.
Missouri (all other cities are prohibited from imposing local income tax): ... Previously, during a special session in August, 2022, the top personal income tax rate ...
Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico. The figure includes all Individual federal taxes and Corporate Federal Taxes, income taxes, payroll taxes, estate taxes, gift taxes, and excise taxes. This table does not include federal tax revenue ...
During that session, the General Assembly passed a bill that lowered the top state income tax rate from 5.3% to 4.95% in 2023. The top state income tax rate applies to Missourians who make roughly ...