If you live in Missouri, you'll no longer have to pay taxes on profits from the sale of stocks and property, while two other ...

Capital gains taxes can eat into the profits you make from selling investments, sometimes leaving you with less money than ...

This summer, Missouri became the first state to eliminate capital gains taxes while keeping its state income tax. Maryland is ...

In Missouri, 14.3% of homeowners currently exceed the capital gains tax exclusion for single filers with an average potential tax liability of over $22,900. That liability is thought to be keeping ...

If Missouri’s top corporate income tax rate drops to 4.5% or lower in the future, corporations could also deduct 100% of their capital gains income.

The capital gains tax results in "lost economic opportunity, financial sclerosis, lower wages -- all of which serve to make Missouri less competitive both domestically and internationally,” said ...

Missouri House Speaker Pro Tem Chad Perkins speaks about his legislation to exemption capital gains from state income taxes on March 10, 2025, at his state Capitol office in Jefferson City, Missouri.

But federal tax data from returns filed for 2022 shows individual income tax filers from Missouri reported $13.3 billion in capital gains income. Allowing a deduction of that amount would reduce ...

Federal tax law on capital gains applies to all U.S. taxpayers, but in Missouri, you'll also have to pay state tax on your capital gains, and the way the two systems work is somewhat different.

Most of the benefits from a cut in the capital gains rate for individuals would go to a small slice of taxpayers. The 23,800 federal returns filed for 2022 with incomes greater than $500,000 a ...