State Income Tax Phaseout Headed to Missouri Ballot
www.nationalreview.com
Missouri State Capitol in Jefferson City, Mo.(fotoguy22/Getty Images)
Missourians will soon have the opportunity to vote on a ballot measure that would phase out state income taxes and cut property taxes if sales tax goals are met.
The Show Me State currently has a graduated income tax rate of about 2-5 percent, according to Ballotpedia. If voters approve of Amendment 5 in early August, Missouri will join nine other states that have no personal income tax.
“The average Missourian stands to benefit $2704 to $2872. And that’s after accounting for all adjustments,” said Bishop Davidson, a member of the Missouri House of Representatives.
Davidson emphasized that the writers of the constitutional ...
Continue reading this article with an NRPLUS subscription.
America 250 Special Offer: 6 Months of NRPLUS for $17.76.
‘The line most shared from the piece was the claim that the Times ‘could not corroborate’ my story despite talking to two of my friends,’ Fifield said.
