Missouri voters weigh replacing income tax with expanded sales taxes under Amendment 5

1 min read
Source: STLPR
Missouri voters weigh replacing income tax with expanded sales taxes under Amendment 5
Photo: STLPR
TL;DR

Missouri voters will decide Amendment 5, which would eliminate the state income tax and require revenue replacement via expanded sales taxes within five years; supporters argue it could spur growth and simplify taxes, while opponents warn it would raise costs for low- and middle-income residents and seniors, with no exemptions defined yet and local tax rollbacks possible, along with ongoing questions about which items would be taxed and how the changes would be implemented.

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