Well Go Figure…Trickle Down Actually Works! | Missouri Political News Service

Well Go Figure…Trickle Down Actually Works! | Missouri Political News Service

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Well Go Figure…Trickle Down Actually Works!

July 5th, 2007 by mopns · No Comments

The St. Louis Business Journal is reporting today that an independent accounting firm has released its annual survey of consumption taxes in the 50 states. According to the survey, Missouri has lower sales, gas and cigarette taxes than almost all of its neighbors.

This news comes on the heels of a report last month that Missouri’s net general revenue collections for the fiscal year through May were up 4.9 percent from last year.

According to the St. Louis Business Journal:

Sales and use tax collections were $1.88 billion, up 2.4 percent from $1.83 billion last year.

Individual income taxes collections were $5.2 billion, up 6.3 percent from $4.9 billion last year.

Corporate income and franchise tax collections were $528.4 million, up 2.6 percent from $515 million last year.

All other collections were $445.1 million, up 3.9 percent from $428.6 million last year.

It’ll be interesting to see how Fired Up Missouri will negatively spin this great economic news

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