TABLE OF CONTENTS 
<Q 
CrArPTER 
VII. Tue Farm Tax ProBrEM IN Missourt . . 
Taxes Paid on Missouri Farm Property . . . 
Net Rent Studies in Missouri and Other States . 
Farm Taxes in Relation to Gross Income, Cash In- 
come, and Other Factors . . . 
Taxes on Owner-Operated Farms =. 
Nature of Missouri’s Farm Tax Problem . . 
Declining Income, Lack of Flexibility in Assessed 
Valuations, and Differences in Productiveness 
Variations in Assessments eB a 
Taxation of Farm Mortgages . . . 
Possible Changes in Farm Taxation ~ 
Pace 
201 
202 
203 
211 
218 
223 
223 
225 
228 
229 
231 
231 
233 
233 
VIII. PusLic ScuooL Finance . . . 
Public School Expenditures . 
State Aid for Public Schools : 
State School Funds in Missouri  . 
Functional Classification of State School Grants 
and Bases for Apportionment . . . . 234 
Expenditure Analysis of State School Moneys . 240 
Total State Aid Distributions for Maintenance of 
Public Schools See... L244 
Analysis of the Present System of Distributing State 
Aid Moneys SE 
The State Survey Commission Plan of Public School 
Finance . . | | . 248 
Analysis of the Proposed Plan. . . . . 249 
An Approach to the Problem of Public School Finance 256 
IX. Financing tHE Capital REQUIREMENTS oF THE 
State .  . LL 
Estimated Present Needs for Capital Additions and 
Extraordinary Repairs . . . | | 263 
Analysis of Capita] Expenditures in Recent Years . 265 
Proposed Plan for Financing Capital Requirements . 267 
Revenue Needed under Plan of Bond Financing 272 
X. ProBLEMs oF Tax BurDEN : . . 
Burden on Tangible and Intangible Property 
Burden of the Missouri Income Tax . . 
Is the Missouri Income Tax an Urban Tax? . 
Tax Burden on Corporations . . 
Burden on State and National Banks . 
Burden of Motor Vehicle Taxation 
277 
277 
280 
281 
290 
295 
297