If you make $104,485 a year living in Missouri you will be taxed $19,913. Your average tax rate is 14.59% and your marginal tax rate is 22%.

The Institute on Taxation and Economic Policy estimates that Missouri taxpayers would see their federal tax bills drop by $9.1 billion, with more than one-fifth of that total going to the 1% of ...

The Missouri Senate approved a proposed tax cut Monday despite questions about whether official estimates truly reflect how much it would reduce state revenue. By a 27-6 vote, with the 10 ...

Members of the Missouri House debate legislation to exempt capital gains from the state income tax on May 7, 2025, at the state Capitol in Jefferson City, Missouri.

Since 2014, when lawmakers enacted a tax cut over the veto of then-Gov. Jay Nixon, Missouri’s top income tax rate has fallen from 6% to 4.8%, with another 0.1 percentage point cut set to take ...

No fiscal note has been prepared for the proposal to eliminate tax brackets and charge all taxpayers the current top rate, 4.7%, for all taxable income. The major impact of that change would be to ...

Missouri currently is among 32 states and the District of Columbia that tax capital gains at the same rate as wages and other income, according to the nonprofit Tax Foundation.

Missouri has healthy fund balances in the treasury — $4.1 billion in just the general revenue fund as of Dec. 31 — but tax receipts are expected to fall slightly or remain flat for at least ...

A conservative think tank ranks Missouri 13th among U.S. states for "tax competitiveness," while Illinois came in much lower, at No. 37.

Missouri Income Tax Sen. Lincoln Hough, a Republican from Springfield, presents the Senate-passed tax cut bill to the House Budget Committee in September 2022 during a special session.

Bitcoin Magazine Missouri Bill Would Enable Tax-Free Bitcoin Spending Missouri’s House Bill 594 (HB594), which would eliminate capital gains taxes for residents in the state, recently passed a ...