In Missouri, if you sell things like stocks or houses and make money, you might not need to pay tax on that money.

A new rule might stop a tax on money people make this year.

Some people think a tax change is good for the economy. But other people say it only helps rich people. They say schools and services will have less money. Politicians changed the plan so more people would say yes. Now old people and people who cannot walk well get more money back from taxes. Also, things like diapers and period products cost less because there is no tax on them.

Other states are lowering taxes. The government is also thinking about tax cuts.

What is a tax on money you make when you sell something?

When you sell something like a house or shares and get more money than you paid, this extra money is called capital gains. The government takes some tax from this money. If you kept the house or shares for a long time, the tax might be less.

Most places that tax your pay also tax the money you get when you sell something for more than you paid.

But some states are doing the opposite.

Why stop tax on selling things?

Some people say this tax is not good. They say it stops people from investing. They also say it makes people keep things instead of selling them and spending the money.

If you tax something, people buy less of it.

Chad Perkins' friends had problems with a tax, and he made a plan to help them.

Curtis Trent said the tax is bad for Missouri.

Who gets money from the tax stop?

Some people say rich people will get the most.

Tax change in Missouri is bad, says Sam Waxman from a group.

A report says white families get money from selling things like stocks more than some other families.

In Missouri, many people paid a special tax on money they made from selling things in 2022. A group called the Missouri Budget Project does not want to stop this tax. They think rich people will get most of the money if the tax stops.

How much money to stop the tax when you sell things?

Some people say stopping a tax in Missouri could cost the state about $262 million each year. But some people do not agree.

It could cost about 600 million dollars each year.

Trent thinks if the tax stops, the economy will get bigger and the government will get more money later.

A teacher studied taxes. He saw people sell more when taxes are low. But the government gets less money.

Zidar thinks stopping a tax might not bring much money or jobs to Missouri.

He said, "I think we will make much less money."