Educational Update 2012-3 State of State

Recently Governor Nixon delivered the state of the state and released his proposal for the Fiscal Year 2013 budget. The Governor and the legislative majority have both promised that they will not raise taxes to accomplish the budget goals. That’s a good start but I’m not sure either of them understand the impact our current tax system is having on our state’s economy.

This educational update provides information about how Missouri stacks up with the top 5 states we trade jobs with around the country. As you might imagine, 3 of the 5 are surrounding states. The others, Texas and Florida, have no income tax system at all and are not only taking more jobs than they are trading with us but are taking more wealth from us as well.

Educational Update 2012-3 State of State