The Missouri State Capitol. CREDIT: AP Missouri Republicans are pushing for a regressive income tax cut that could end up costing the state billions of dollars each year thanks to a loosely worded sentence in the legislation. The law would push the top marginal income tax rate down from 6 percent to 5.5 percent, among other provisions.

BING NEWS:
  • Missouri weighs tax break for KC nuclear weapons facility expansion amid protests
    Razer’s legislation was voted out of a Senate committee last month. But the tax break push also faces opposition from a few lawmakers from outside the Kansas City-area. Rep. Michael Burton ...
    04/14/2024 - 10:59 pm | View Link
  • Missouri Income Tax Calculator 2023-2024
    If you make $70,000 a year living in Missouri you will be taxed $10,498. Your average tax rate is 10.94% and your marginal tax rate is 22%. This marginal tax rate means that your immediate ...
    07/3/2022 - 6:55 am | View Link
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