The St. Louis Podcast

No Income Tax Sounds Great. It Isn't. - The St. Louis Podcast: Episode #147

• St. Louis Podcast • Episode 147

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0:00 | 40:58

Missouri's "no income tax" plan sounds like a win. It isn't.

The top 1% saves $40,000 a year. You save $231 then lose $500 when sales taxes go up to cover the gap. 60% of Missourians end up paying more. And once you vote yes, lawmakers never have to ask permission to raise the sales tax again. On groceries. Rent. Car repairs. Prescriptions. No voter approval required.

One St. Louis billionaire has spent $45 million pushing this. Missouri voters already rejected it in 2016. Now it's back.

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