Missouri

Undocumented immigrants who work and pay taxes but don't have a valid Social Security number for either themselves or their children are excluded from federal EITC and CTC benefits. Fortunately, several states have stepped in to ensure undocumented immigrants are not left behind by the gaps in the federal EITC and CTC. State lawmakers should continue to ensure that immigrants who are otherwise eligible for these tax credits receive them.

This week, it was the best of times or, in some cases, the worst of times for tax policy in two different states...

State legislatures are wrapping up, but don’t stray too far from your state capital or you’ll miss out on the action...

This week, special sessions with major tax implications are in the air...

This week, many states took steps toward enacting tax cuts...

Happy (belated) Tax Day!

This week tax cuts were debated across the upper Midwest...

While madness is typically reserved for basketball in March, several high-profile, regressive tax cuts are making their way through state legislatures this week...

Over the past week Utah continued its slow march toward a more inequitable tax code...

Governors and legislative leaders in a dozen states have made calls to fully eliminate their taxes on personal or corporate income, after many states already deeply slashed them over the past few years. The public deserves to know the true impact of these plans, which would inevitably result in an outsized windfall to states’ richest taxpayers, more power in the hands of wealthy households and corporations, extreme cuts to basic public services, and more deeply inequitable state tax codes.

Many state legislative sessions are in the final stretch...

With many state legislatures now in full swing with activity heating up, some tax cut proposals have lost steam...

As many of you may know, we love taxes, along with the many great things they provide for our communities...

While we were hoping to get progressive tax policy wins for Valentine’s Day, many state lawmakers have another idea in mind...

This week the showdown between the Kansas legislature and governor continued as Gov. Kelly vetoed the legislature’s latest attempt to pass a flat personal income tax. Elsewhere, the focus is on doing more for working families through proposals to expand refundable credits in Maryland and adding a millionaire tax bracket in Rhode Island. Meanwhile, there’s […]

Bills are moving and state legislative sessions are picking up across the country, giving elected officials the opportunity to consider two distinct paths when it comes to tax policy...

Updated July 15, 2024 In 2024, state lawmakers have a choice: advance tax policy that improves equity and helps communities thrive, or push tax policies that disproportionately benefit the wealthy, drain funding for critical public services, and make it harder for low-income and working families to get ahead. Despite worsening state fiscal conditions, we expect […]

States got a wake-up call this week as ITEP released the latest edition of our flagship Who Pays? report...

Missouri Download PDF All figures and charts show 2024 tax law in Missouri, presented at 2023 income levels. Senior taxpayers are excluded for reasons detailed in the methodology. Our analysis includes nearly all (98 percent) state and local tax revenue collected in Missouri. These figures depict Missouri’s top income tax rate at 4.8 percent. The […]

The year may be new, but state lawmakers seem to have the same old resolution: slashing state income taxes...

Three states allow an unusual income tax deduction for federal income taxes paid. Missouri and Oregon limit these deductions by capping and/or phasing out the deduction, while Alabama, offers what amounts to an unlimited deduction. These deductions are detrimental to state income tax systems on many fronts, as they offer large benefits to high-income earners […]

Though Turkey Day has passed, lawmakers in states across the U.S. have yet to get their fill of delicious tax policy goodness...

Race was front and center in a lot of state policy debates this year, from battles over what’s being taught in schools to disagreements over new voting laws. Less visible, but also extremely important, were the racial implications of tax policy changes. What states accomplished this year – both good and bad – will acutely affect people and families of color.

States differ dramatically in how much they allow families to make choices about whether and when to have children and how much support they provide when families do. But there is a clear pattern: the states that compel childbirth spend less to help children once they are born.

Over time, broad wealth taxes were whittled away to become the narrower property taxes we have today. These selective wealth taxes apply to the kinds of wealth that make up a large share of middle-class families’ net worth (like homes and cars), but usually exempt most of the net worth of the wealthy (like business equity, bonds, and pooled investment funds).The rationale for this pared-back approach to wealth taxation has grown weaker in recent decades as inequality has worsened, the share of wealth held outside of real estate has increased, and the tools needed to administer a broad wealth tax…