Missouri's Tax Shift: Yes or No | St. Louis News

Missouri voters face a pivotal choice in August 2026: support Amendment Five to phase out the state’s income tax—or keep it. The plan would slash the top rate from 4.7% to zero over time, replacing lost revenue with potential hikes in sales and use taxes—possibly hitting groceries, haircuts, and digital services. Critics warn lower-income families could pay more, with a $535 annual hit for a $50K family, while the wealthy benefit. No clear plan exists for how the tax shift will work, raising concerns about fairness and feasibility. A “yes” vote hands lawmakers control over the future tax system; “no” keeps things as they are. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4a486bc3a788a269