The fiscal problem in Missouri

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV. State and local tax revenues

Collection:: Economics Books

102 THE FISCAL PROBLEM IN MISSOURI 1913, amounting to $7.7 million.! Of this amount, general property taxes accounted for 51.79,. Other important sources of state tax revenue in the years 1903, 1913, and 1918 were the inheritance tax, liquor licenses, and various taxes on business. Liquor licenses and other imposts amounted to $1.5 million? in 1913, or almost 259, of the total state taxes collected. In 1918 taxes on the liquor traffic amounted to about $1.4 million,? or 18.19, of the tax revenues of the state. This source of revenue passed out of existence when national prohibition became effective, and the resulting loss of revenue was one of the reasons for the adjustments? made in the tax system during that period. ‘Table 31 shows the state tax revenues of Missouri for the years 1923 through 1928, distributed according to sources and a percentage distribution of the total taxes for each of the several years. The tax revenues of the state more than doubled between 1918 and 1923, and the total for 1928 was almost twice as large as that for 1923. The total for 1928 amounted to almost $34.1 million. Most significant of the many changes in the importance of the several sources of tax revenue is the relative decline of receipts from the general property tax. While as late as 1918 the general property tax accounted for more than 509, of all state taxes, in 1923 only a little more than one third of the taxes collected were attributable to this source. In the year 1924 there was a further decline to 26.39%, and since that year the general property tax has not accounted for as much as 199, of the total state tax revenue in any year. This does not mean that the total receipts from the general property tax have been decreasing, although there was a sharp decrease in 1924. Since the latter year the total for each vear has been larger than that for the vear imme- 1 United States Bureau of the Census, Financial Statistics of States, 1918, pp. 70 f. . Computed from United States Bureau of the Census, Wealth, Debt and Taxa- tion, 1913, Vol. II, pp. 37 f. ied States Bureau of the Census, Financial Statistics of States, 1918, pp. 70 f. * The income tax rate was increased from 34% to 114%, in 1919.

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