Taxes

In Kansas City, Mo., residents benefit from lower taxes allowing them more disposable income to spend.

 

Individual Taxes


Individual Income Tax Rates Missouri Average US Average
Taxable Income 5.2% 6.69%
State taxes per $1000 personal income $55.00 $72.94

City Earnings Taxes


Kansas City, Mo., imposes a tax of 1 percent on salaries, wages and commissions earned by individuals living or working in Kansas City, Mo.

 

Business Taxes

Corporate Income Tax Rates

Missouri: 6.25 % of net taxable income earned in the state. The following taxes are required for Kansas City, Mo., businesses.*

  • Business License
  • Personal Property Tax
  • Real Estate Tax
  • Payroll Taxes

*The rate of taxes required will vary for each business.
Source: Missouri Department of Economic Development, 2001

Per Capita Tax Rate


State and Local Tax Revenue Per Capita - 1995-1996

 Missouri Kansas US
All Taxes $2,181 $2,181 $2,597
Property Taxes $488 $772 $789

Source: U.S. Bureau of the Census