Missouri personal income taxes are discussed.
If you are a resident or nonresident of Missouri and receive taxable income individually from property owned or business transacted in Missouri, you are subject to tax on net income. Therefore, if you are operating your business as an S corporation, partnership, limited liability company, or sole proprietorship, you will be subject to a personal income tax on your business income that passes through to you. In addition, local governments in Missouri are authorized to levy a local income tax, so be sure to check with your local government.
The following rates apply regardless of filing status for 2012:
Taxable Income | Amount of Tax |
Over $0 but not over $1,000 | 1.5% |
Over $1,000, but not over $2,000 | 2.0% on amounts in this range |
Over $2,000, but not over $3,000 | 2.5% on amounts in this range |
Over $3,000, but not over $4,000 | 3.0% on amounts in this range |
Over $4,000, but not over $5,000 | 3.5% on amounts in this range |
Over $5,000, but not over $6,000 | 4.0% on amounts in this range |
Over $6,000, but not over $7,000 | 4.5% on amounts in this range |
Over $7,000, but not over $8,000 | 5.0% on amounts in this range |
Over $8,000, but not over $9,000 | 5.5% on amounts in this range |
Over $9,000 | 6.0% on amounts in this range |