A “great day for Missouri.” That’s what Governor Parson called it, when he signed a bill that cuts the income tax rate in Missouri.
The governor says your tax bill should average about 5% less next year.
One group did some math and fournd that if you earn $30,000 annually — you will pay about ten dollars less in taxes. A person who make $86,000 will owe $120 less. And people who earn $150,000 will see a $320 reduction in state taxes.