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 X. Problems of tax burden

Collection:: Economics Books

290 THE FISCAL PROBLEM IN MISSOURI For the eleven southern counties as a group, the personal income taxes levied amounted to only $3,207, and the cor- poration levies were only $1,999. On a per capita basis, the personal income taxes levied were $0.02, and the total income taxes levied amounted to only $0.04. The southeastern counties as a group ranked next to last in per capita personal and total levies, the respective amounts being $0.07 and $0.11. Similar comparisons for other sections of the state might be made, but they would add little to the value of the interpretation. The analysis of the data presented indicates the following conclusions: (1) that the per capita income taxes levied are larger in those counties in which there is a considerable urban population; (2) that the poorer counties of the state contribute almost negligible amounts to the total receipts from the tax; (3) that the total corporation income taxes are paid very largely by the comparatively few counties of the state in which the larger cities of the state are located; and (4) that, considering all counties in the state, the Missouri income tax is very largely an urban tax. TrE Tax BurDEN oN CORPORATIONS Various studies have been published from time to time in which attempts have been made to compare the taxes paid by corporations in a number of states or to analyze the taxes paid by corporations engaged in different lines of enterprise in a single state. The data most frequently used are the total federal, state, and local taxes paid, taxes paid other than the federal income’ tax, and the net income before payment of taxes other than the federal income tax, as well as the net income after payment of all taxes. The data used are obtained from the federal income tax returns. In a recent study, for example, it was pointed out that on the basis of these data the federal, state, and local tax burden on Missouri corporations for the year 1926 was equivalent to 38% of the net profits remaining after the payment of taxes, and that of a group of eight comparable states only two. Kansas and Illinois. showed a smaller ratio than Mis- ! Foreign corporations are assessed in the assessing jurisdiction in which their principal place of business or agency within the state is located.

Access restriction

Copyright

fullscreen: The fiscal problem in Missouri

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation