Institute on Taxation and Economic Policy

At Least 88 Profitable U.S. Corporations Paid Zero Federal Income Tax in 2025

At least 88 of the largest corporations in America paid $0 in federal income tax for 2025. Corporate tax avoidance has increased at least in part due to President Trump's “One Big Beautiful Bill Act” ...

Earned Income Tax Credit would rise to $5,500 per child under new Democratic measure

The bill would also increase the maximum qualifying income to claim the EITC to nearly $100,000 annually.
KOMU 8

Income tax elimination resolution progresses onto Senate Floor

The proposal to eliminate Missouri's income tax is moving onto the Senate floor. Missourians will vote on the proposal if it ...

Tax Day deals: Businesses offer discounts as deadline to file income taxes hits

April 15 is Tax Day, and some businesses are offering deals as the deadline to file income taxes hits. Subway's Sub Club ...

Gov. McMaster signs income tax relief bill into law

According to a release, H.4216 replaces the state’s current three-bracket individual tax system with a simplified two-rate ...
KCUR

What will happen if Missouri ends the income tax and expands sales taxes? 'A brave new world'

Missouri’s legislature is debating a proposal that would gradually eliminate the state’s income tax and allow the legislature to hike or expand sales taxes. Economists warn it could add a financial ...