The fiscal problem in Missouri

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Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV. State and local tax revenues

Collection:: Economics Books

CHAPTER 1V STATE AND LOCAL TAX REVENUES HE tax system of Missouri was outlined in the preced- ing chapter. The purpose of the present chapter is to show the extent to which the several sources of taxation contribute to the total tax revenues of the state and local governments. Although absolute amounts obtained from a given source are significant, changes over a period of time in the propor- tion of total tax revenues derived from that source are of greater importance. For example, the revenue derived from the general property tax may show a considerable increase over a period of years, but if the increase is at a lower rate than the increase in the total revenue from taxes, it follows that there has been a relative decline in the income from the general property tax. Only by considering a particular tax in relation to total revenue from taxes can a true appreciation of its relative importance be obtained. Sources oF STATE Tax REVENUE The most significant change in the sources of the tax revenue of Missouri over a period of years is the tremendous decline in the proportion of the total that is obtained from the general property tax. In 1903 the total tax revenue of the state amounted to slightly more than $4.3! million, and almost $3.0 million, or 69.19% of the total, was attributable to the general property tax. In 1913 the total tax receipts of the state were $6.2 million, and of this amount 52.19? represented general property taxes. The total taxes re- ceived by Missouri in 1918 were not much larger than in + Computed from United States Bureau of the Census, Wealth, Debt and Taxation, 1913, Vol. II, pp. 38 f. 2 Computed from United States Bureau of the Census, Wealth, Debt and Taxation, 1913, Vol. II, pp. 37 f.

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