Missouri Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ===Taxation=== {{main|Taxation in Missouri}} Personal [[Income tax|income]] is taxed in ten different earning brackets, ranging from 1.5% to 6.0%. Missouri's [[sales tax]] rate for most items is 4.225%, with some additional local levies. More than 2,500 Missouri local governments rely on [[property tax]]es levied on real property (real estate) and [[personal property]]. Most personal property is exempt, except for motorized vehicles. Exempt real estate includes property owned by governments and property used as nonprofit cemeteries, exclusively for religious worship, for schools and colleges, and purely charitable purposes. There is no [[inheritance tax]] and limited Missouri [[estate tax]] related to [[Estate tax (United States)|federal estate tax]] collection. In 2017, the Tax Foundation rated Missouri as having the 5th-best corporate tax index,<ref name=":0">{{Cite news|url=https://taxfoundation.org/2017-state-business-tax-climate-index|title=2017 State Business Tax Climate Index—Tax Foundation|date=September 28, 2016|work=Tax Foundation|access-date=May 17, 2017|archive-url=https://web.archive.org/web/20170516153755/https://taxfoundation.org/2017-state-business-tax-climate-index|archive-date=May 16, 2017|url-status=live}}</ref> and the 15th-best overall tax climate.<ref name=":0" /> Missouri's corporate income tax rate is 6.25%; however, 50% of federal income tax payments may be deducted before computing taxable income, leading to an effective rate of 5.2%.<ref>{{cite web|url=http://www.missouripartnership.com/prime-business-location/low-business-costs/|title=Missouri Partnership {{!}} Economic Development {{!}} Location {{!}} Low Business Costs|website=missouripartnership.com|access-date=May 17, 2017|archive-url=https://web.archive.org/web/20170525213301/http://www.missouripartnership.com/prime-business-location/low-business-costs/|archive-date=May 25, 2017|url-status=live}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page