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

A new law might stop a tax on money made from selling things. It could stop the tax for people this year. It might also stop it for companies later if the state gets more money. Now, the boss of the state, the Governor, needs to say yes. He said he likes the idea a lot.

Some people think a new law will help the economy. Other people say it will help rich people more. They also say it means less money for schools and public services. The law passed after they added tax breaks for older people and people with disabilities. They also said people would not pay tax on diapers and products for women.

Other states also changed taxes. Congress is thinking about new tax rules.

What is a tax when you sell something and get more money?

When you sell things like shares or a house and make money, it is a gain. If you keep it for more than one year, you pay less tax on the extra money.

Many places take money when you sell something for more than you paid. This money is like a tax. It is often the same as the tax on your job.

Some states are doing the opposite.

Why is it good to stop the tax on money you get from selling things?

Some people want to stop a tax on money you make when you sell things. They say this tax makes people keep things and not use the money for other things.

If you tax something, people do less of it.

A friend told a politician about a problem with a tax for companies and farmers.

A senator said the tax is bad for Missouri.

Who will be happy about the new tax rule?

Some people say rich people will get the most.

Taking away a tax in Missouri is bad for the country and makes things unfair for people.

A report said white families got more money from investments than Black or Hispanic families.

In Missouri, many people paid tax on money they made from selling things. About 542,000 people did this in 2022. This was about 20% of all people who paid tax. A group says rich people would get most of the tax help.

How much money do we lose if we stop the tax on selling things for more money?

Some people think a tax change in Missouri will cost the state money each year. But others do not think so.

They think it could cost about $600 million every year.

Trent says if they stop the tax, the economy will get better and the government will get more money later.

A teacher looked at how taxes changed when people sold things. He said when the tax was lower, more people sold things. But the government still did not get enough money.

Zidar thinks stopping the tax might not bring a lot of money and jobs to Missouri.

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