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 X. Problems of tax burden

Collection:: Economics Books

PROBLEMS OF TAX BURDEN 281 Is the Missouri Income Tax an Urban Tax? [t is frequently stated that, when a state adopts an income tax, the tax burden of the urban population is increased and that of the agricultural communities is reduced. In a recent Conference Board study, the following reasons for this con- clusion were offered: “(1) the per capita current income of farmers is considerably lower than that of the non-farm popu- lation; (2) a substantial portion of the farmers’ income is received in non-cash items which are consumed by the farmers’ families and, therefore, never reported as taxable income; (3) farming is carried on in small units as compared to trade and manufacturing, producing more numerous but smaller incomes; as a result, a portion is not taxed because of the personal exemptions allowed, and the remainder falls in the lower brackets of the progressive rate schedules.’ The reference to progressive rate schedules is not applic- able to Missouri at the present time. Nevertheless the Missouri income tax is very largely an urban tax. The in- come tax levies or collections in urban communities of Mis- souri cannot be segregated from the county totals. However, Tables 86 and 87 represent a satisfactory approach to the question of the urban and rural contributions to the total receipts from the tax. In Table 86, only the personal income tax levies in 1928 are considered, while in Table 87 both the personal and corporation taxes are included. According to the data in Table 86, the personal income taxes levied in St. Louis Cityin 1928 amounted to $1,134,754, or 47.29, of the total for the state. The number of incomes assessed in that city was 61,877, or 45.6%, of the state total, and the average levy was $18.34. Since only one person out of about thirteen of the population was assessed, the per capita levy was only $1.40. St. Louis County showed a smaller ratio of incomes assessed to population, but the average levy of $25.54 and the per capita levy of $1.72 were considerably higher than for St. Louis City. St. Louis City and St. Louis County accounted for 60.6%, of the personal income taxes levied and 55.09 of the total number of per- y Nashonsd Industrial Conference Board, State Income Taxes, 1930, Vol. II, J. I.

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