"Missouri's proposal to eliminate the income tax is unprecedented, marking the first time voters will have such a decision since the modern income tax was established."
"The measure acknowledges the difficulty of eliminating an income tax without raising other revenues, highlighting the need for a sales tax expansion to maintain government funding."
"Historically, states like Florida and Texas have thrived without an individual income tax, relying instead on sales taxes and other revenue sources."
"Alaska is the only state to have repealed a general individual income tax, doing so in 1980 when it was flush with oil revenues."
Missouri will present voters with a decision to eliminate the state's individual income tax, a first since the modern income tax began over a century ago. If approved, this measure will also authorize an expansion of sales tax. This proposal follows a trend of tax cuts across many states during the post-COVID recovery, where most states reduced some form of tax without offsetting increases. The measure acknowledges the challenge of eliminating an income tax while maintaining government revenue.
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