In today's fast moving world, keeping informed on the public policies that impact your personal or work life is a daunting task. Fortunately, technology can aid in that effort and that is the ultimate purpose of Key Policy Data.
We accomplish this goal with the help of the innovative Qlikview data visualization and discovery program. Qlikview allows us to post huge amounts of data without sacrificing usability. For instance, our state and county tax burden app can quickly show you how your state's tax burden ranks and how it has changed over time with just a few clicks of a button.
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In Fiscal Year (FY) 2011, Missouri collected $19.6 billion in state and local taxes. While this is an impressive sum of money, it tells us little about whether or not the average Missouri taxpayer can afford this level of taxation.
As shown in the chart, Missouri’s state and local tax burden (tax collections divided by personal income) was the seventh lowest in the nation for FY 2011 at 8.8 percent—or 16 percent below the national average of 10.5 percent. Missouri’s the tax burden has grown modestly over time by 48.6 percent to 8.8 percent in FY 2011 from 5.9 percent in FY 1950.
Missouri’s low state and local tax burden is not driven by any particular element in their tax code as their tax burdens are all are at or below the national average, especially the property tax (2.63 percent, 39th highest), corporate income tax (0.17 percent, 41st highest), and all other taxes (1.6 percent, 39th highest).