Missouri

Missouri Ballot Measure Could Eliminate State Income Tax

1mo ago · 0:45

Missouri voters are considering a constitutional amendment that could eventually phase out the state's individual income tax, potentially creating another point of comparison for residents in neighboring Illinois. The proposed ballot measure would shift Missouri's tax structure away from individual income taxes and toward sales taxes. Polling from YouGov and Saint Louis University in February found that 52% of Missouri voters surveyed preferred the state government rely on sales taxes rather than individual income taxes. If approved, the measure could have broader economic implications, including how Missouri competes with neighboring states such as Illinois for residents, workers, businesses, and investment. Residents in Illinois' Metro East region, just across the Mississippi River from St. Louis, could be particularly interested in how Missouri's tax burden changes. The debate ultimately comes down to a major taxpayer question: Should state government rely more heavily on income taxes or sales taxes to fund public services? #Missouri #MissouriTaxes #IncomeTax #TaxReform #Taxpayers #Illinois #IllinoisTaxes #StLouis #MetroEast #SalesTax #TaxPolicy #Economy #GovernmentSpending #BreakingNews #Politics