St. Louis, MO (KMOX) – A new organization has been formed in Missouri to end the Missouri state sales tax. “No MO Sales Tax,” formed by Lloyd Sloan (R-Manchester) is trying to eliminate the state sales tax of 4.225%.
Sloan, a former candidate for U.S. House in 1988 formed the Organization to fight regressive tax rates in the state. “Too many upper income individuals are getting tax breaks these days, and lower to middle income families are hurt by the regressive tax rates like the sales tax,” said Sloan.
According to the Missouri Department of Revenue, the State of Missouri brings in $3.1 billion dollars annually from state sales/use taxes. The state sales/use tax rates account for 23% of the total revenue Missouri takes in annually.
“Missourians deserve to keep more money in their pockets. It’s time to have a tax cut which takes a bottom up approach. A comprehensive sales tax cut in Missouri will increase tourism, generate more money for businesses and create jobs,” said Sloan.
To find out more about No MO Sales Tax, you can visit their website here.