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 Income,
 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