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Monday, October 7, 2024

Residents and visitors to Missouri paid $12.4 billion in taxes in 2020

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Missouri collected $12.4 billion in taxes in 2020, a 5.9 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from income taxes ($6.3 billion) and sales and gross receipts taxes ($5.5 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2020 Missouri Tax Collections
Type of TaxAmount
Property taxes$36,525,000
Sales and gross receipts taxes$5,458,755,000
License taxes$634,725,000
Income taxes$6,266,128,000
Miscellaneous taxes$13,628,000
General sales and gross receipts taxes$3,793,379,000
Selective sales and gross receipts taxes$1,665,376,000
Alcoholic beverages sales tax$41,000,000
Amusements sales tax$288,276,000
Insurance premiums sales tax$446,610,000
Motor fuels sales tax$708,455,000
Pari-mutuels sales tax$0
Public utilities sales tax$0
Tobacco products sales tax$96,760,000
Other selective sales and gross receipts taxes$84,275,000
Alcoholic beverages license$4,656,000
Amusements license$25,000
Corporations in general license$0
Hunting and fishing license$34,546,000
Motor vehicle license$300,665,000
Motor vehicle operators license$14,060,000
Public utilities license$17,979,000
Occupation and business license, NEC$180,685,000
Other license taxes$82,109,000
Individual income taxes$5,901,668,000
Corporations net income taxes$364,460,000
Death and gift taxes$8,000
Documentarty and stock transfer taxes$13,530,000
Severance taxes$1,000
Taxes, NEC$89,000

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