Institute on Taxation and Economic Policy

October 28, 2025

The Beacon: Missouri Gives ‘One of the Biggest Millionaire Tax Cuts’ This Year, Report Says

Media Mention

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This year, Missouri became the first state in the country to tax income but not capital gains. That could present a challenge as the state prepares to face a budget shortfall.

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Quoted Staff Member

Carl Davis
Carl Davis

Research Director