2007-07-16 15:37:55 · 2 answers · asked by lil_red41 1 in Business & Finance ➔ Taxes ➔ United States
From the 2007 Tax Foundation Survey, Missouri taxpayers pay $145 more in per capita state and local taxes than Texas taxpayers.
Missouri - 10.1% tax burden. Taxpayers in Missouri pay $3,678 per capita in state and local taxes.
Texas - 9.3% tax burden. Texans pay $3,533 per capita in state and local taxes.
Overall, Missouri has a higher tax burden than Texas because Texas has no state income tax.
2007-07-18 12:20:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
MO has an income tax while TX does not. However, MO property taxes are about 1/4th of what TX property taxes are. I live in MO now and used to live in TX. Just sold some property in TX and the property tax bill there was more than my combined income and property taxes in MO. The sales taxes are similar in both states -- on the high side -- so that's a wash for the most part. Over all, I'd say that MO has lower taxes overall.
2007-07-16 22:52:24 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 1⤋