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

STATE AND LOCAL TAX REVENUES 119 state is one of comparatively few states levying income taxes in which a smaller proportion of total state taxes is derived from the income tax than in Missouri. In 1928, 4.99, of the state tax revenues of Oklahoma were obtained from this source, as compared with 10.89, in Missouri. Although only 3.89, of the total state taxes of Wisconsin for 1928 were ob- tained from the income tax, the yield in that year was not typical, for the reason mentioned above. For the previous year 23.99, of state taxes was obtained from this source. In the earlier years of the period for which data are included in Table 38, Missouri obtained a larger proportion of total state taxes from this source than did Wisconsin, but in 1926 and later years the opposite was true. The comparison between Missouri and Wisconsin would not be complete without considering the large amount of receipts from the income tax in the latter state that reverts to the localities. For example, in 1927 total income tax collections in Wisconsin amounted to almost $18.8 million, and in all other years the total receipts from this source were much larger than in Missouri. The fact that a large part of the receipts from the income tax in Wisconsin revert to the local governments must be kept in mind in making any comparisons between the two states. Per capita income tax receipts in Missouri reached a peak of $1.22 in 1926 and declined to $1.03 in 1928. In Oklahoma per capita receipts from this source up to and including 1927 did not amount to as much as $0.20 in any year, and in 1928 the per capita amount for this state was only $0.47. The state’s share of the income tax receipts in Wisconsin was equivalent to $3.07 in 1927, as contrasted with $0.77 for 1923. It is clear from the data in Table 38 that there has not been a decline in per capita income tax receipts in the other two ‘states comparable with the decline in Missouri since 1926. The Gasoline Tax The receipts from gasoline taxes in the several states for the period 1925 to 1928, inclusive, are shown in Table 39. As the Missouri gasoline tax did not go into effect until January 1, 1925, data are not included for 1923 and 1924.

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