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 VII. The farm tax problem in Missouri

Collection:: Economics Books

THE FARM TAX PROBLEM IN MISSOURI 203 out in a previous chapter that the average tax rate on prop- erty in the state is approximately $2.00 per $100 of valuation. On the other hand, the available data indicate an average rate of between $1.30 and $1.40 per $100 in the rural sections. Comparison between general property taxes on farm property and urban property cannot be based on proportions of the tax base, because urban rates are, on the whole, much higher than rural rates. The farmer in Missouri pays other taxes in addition to the general property tax. Certain farmers, although in the minority, pay an income tax. In the assessments for this cax, the farmers have an advantage. If a married man with no other dependents lives in an urban community and re- ceives a salary of $2,500, he is required to pay an income tax of $5.00. If he pays $600 for rent and $600 for food, his income, after paying for housing and food, would be only $1,300. On the other hand, a married farmer with no other dependents who has a net income of $1,500 pays no income tax, although that amount of income may be roughly equivalent to a $2,500 urban income, because ordinarily a large part of the food used by a farmer is raised on the farm and, in addition, the farm represents a home. This difference is significant, particularly when the burden of taxes as a whole 1s considered. Farmers also pay considerable amounts on account of motor vehicle licenses and the gasoline tax. The total paid by farmers in Missouri on account of these two taxes was sstimated as $3,880,000 for 1927} Also, a portion of the annual receipts on account of the state inheritance tax repre- sents the transfer of farm properties and property owned by farmers. Ner Rent Stupies in Missouri AND OTHER STATES From time to time several of the agricultural colleges in the United States and the United States Department of Agriculture have made intensive studies of the relationship between net rent from farm operation and farm taxes. The studies do not cover the same period in each case, but this 1 United States Department of Agriculture, Technical Bulletin, No. 172.

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