Income Tax | St. Louis Public Radio

Income Tax

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Missouri tax revenue is higher than last year, but a dip in individual income tax collections last month has prompted some concern.

Eleven months through the current budget year, revenue has increased from last year by 2.7 percent to $6.5 billion. However, the state Office of Administration reported Thursday that individual income tax collections were down 1.4 percent from May 2011 to May 2010.

Illinois Gov. Pat Quinn wants to suspend about $1 billion in state income tax payments to cities and counties unless he gets legislative approval to borrow billions of dollars to pay overdue bills.

Quinn floated the plan in draft legislation he showed lawmakers earlier this week. It was first reported by the Chicago Tribune.

Marshall Griffin, St. Louis Public Radio

With less than a month to go in this year’s legislative session, another proposal is being made to overhaul Missouri’s tax structure.

The resolution would replace the state’s income tax with a sales tax -- and if passed by lawmakers, it would go before Missouri voters next year.

An Illinois lawmaker is pushing to raise the state's minimum wage to more than $10 an hour - higher than anywhere else in the United States.

Missouri Gov. Jay Nixon says proposals to replace the state's income tax with an expanded sales tax is the wrong way to go.

Nixon spoke Wednesday to members of The Associated Press and the Missouri Press Association at their annual Capitol media event.

Nixon says the tax proposals would require raising the sales tax and levying it on purchases that currently are not subject to that tax. He says that is not smart.

This article first appeared in the St. Louis Beacon: August 28, 2008 - Missouri nestles against eight states, so border wars of all sorts are common. Some are fun, such as this week's Missouri-Illinois football game. But others we can't afford to lose. That includes economic competition between Missouri, which has an income tax, and Tennessee, which does not.

This article first appeared in the St. Louis Beacon: It's been quite some time since I was a student in Miss Mary's kindergarten class. My memories of those halcyon days are at best episodic.

I can recall, for instance, that I hated the place. That's an easy recollection because I despised grade school from the day I first walked in the door. I spent much of my formative years wondering what I'd done to offend an avenging God that He would visit the interminable tedium of elementary education upon me. When Miss Mary invited the entire to class her wedding, I was the only kid who didn't go.