A study focusing on Missouri’s tax burden shows the state’s businesses came up with more than a quarter of all major taxes paid in the 2004 fiscal year. In fact, the percentage has steadily increased over the last four years to reach 27.2 percent of the taxes paid. The research is put together by TRIM – the Taxpayers Research Institute of Missouri – a division of the business group Associated Industries of Missouri. TRIM’s Executive Director Ray McCarty insists anyone who says businesses are not paying their fair share is wrong. McCarty says businesses are not only responsible for income taxes, but must foot the bill for taxes on liquor and beer, and must pay for insurance premiums, workers’ compensation, and a large portion of fuel taxes.
Related web sites:
TRIM Report on Missouri Tax Burden Distribution