Missouri’s Tax Freedom Day Falls on April 4
Today, the Tax Foundation released its annual Tax Freedom Day Special Report. According to the foundation’s calculations, Missouri’s “Tax Freedom Day” in 2010 falls on April 4. This is the day on which taxpayers will have earned enough money to pay their tax obligations at the federal, state, and local levels for 2010.
Source: Tax Foundation”
Above is a table of Missouri and its border states taken from the report. It indicates that residents of Missouri enjoy a lower tax burden than residents of Illinois, Kansas, and Nebraska. Residents of Missouri have the same tax burden as residents of Iowa, but they have a greater tax burden than residents of Arkansas, Kentucky, and Tennessee.