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

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV. State and local tax revenues

Collection:: Economics Books

STATE AND LOCAL TAX REVENUES 107 Table 31 also shows total state taxes on a per capita basis. [n 1928 the per capita state taxes amounted to $9.50, and this figure represented a considerable increase over the pre- ceding year. In 1923 state taxes on a per capita basis amounted to $5.10. The increase from 1923 to 1928 there- fore amounted to more than 869. Sources oF LocaL Tax REVENUE While the state government in Missouri in recent years has been obtaining less than 209%, of its tax revenue from the general property tax, the local governments have been se- curing more than 909%, from this source. Although so large a proportion may at first seem unusual, such is not the case, for more than 90%, of the tax revenue of all of the local gov- ernments in the United States consists of receipts from the general property tax. Local tax receipts in Missouri amounted to $104 million in 1928, as compared with $100.9 million in 1927 and $78.6 million in 1922. The increase from 1922 to 1928 amounted to more than 329,. The proportion of total local revenue attributable to the general property tax was somewhat lower in 1928 than for the other years for which data are given in Table 32. The decline from 94.39 in 1927 to 92.99, in 1928 was caused by an increase in the receipts from licenses and permits, particularly in the City of St. Louis. Per capita local taxes amounted to $29.00 in 1928, as com- pared with $28.32 in 1927 and $22.73 in 1922. The rate of Increase in per capita local taxes has been more gradual than in the case of per capita state taxes. Local taxes on a per capita basis, however, were more than three times as large as state taxes for the year 1928. Too much significance should not be attached to the fact that per capita local taxes in Missouri increased at a less rapid rate than state taxes. The reason is not to be found in a low rate of increase in local taxes, but in the very rapid rate of increase in state taxes, whether considered as absolute amounts or on a per capita basis. Considerably more than one half of the local taxes col- lected in Missouri are accounted for by the four largest

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