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.
- 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