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Mon January 11, 2010
Lawmakers Reconsider Missouri Tax System
Jefferson City, Mo. – If you pay personal income tax in Missouri chances are you're in the top tax bracket. It takes only $9000 in taxable income a year to reach the state's top tier. State lawmakers set the tax brackets back in 1931 and they haven't changed since. Now some say Missouri's tax system is due for an update; both to address the basic issue of fairness and a growing budget hole in Jefferson City.
St. Louis Public Radio's Maria Altman reports.