In Depth: Impact Of Tax Cuts Still Foggy On Kansas Border

A bill moving through the Missouri Legislature would cut individual and corporate income taxes by three-fourths of a point over five years, to 5.25 percent and 5.5 percent respectively. Despite a corresponding hike in sales taxes, it would reduce Missouri tax revenue by an estimated $477 million to $670 million annually, raising worries among schools and social service programs. Supporters say the tax cut is a must if Missouri hopes to keep up with Kansas lowering its personal income tax and eliminating taxes paid by many small business owners.. But the true impact of Kansas’ tax cuts are far from clear.

Read more in the St. Louis Post-Dispatch

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