In Missouri, people might not pay tax on money they get from selling things like stocks or houses.

A new law could stop a tax this year for people. It might also stop the tax for companies if the state gets more money. The law goes to the governor. He likes it.

Some people think stopping a tax will help the economy. But others say it will only help rich people. Schools and public services will get less money. Lawmakers added more tax help for older people, people with disabilities, diapers, and period products so others would say yes.

Other states are also changing their tax rules.

What is a tax when you sell something?

When you sell things like shares or a house, you can get extra money. If you keep them for a long time, the government takes a little money, but less than from your job.

Many places take money from people. They also take money when people sell things like a house or stocks.

Some states with Democrats are doing the opposite.

Why is it good to not pay tax when you sell something?

Some people say we should not have a tax on the money you get when you sell something for more than you paid. They say this tax makes people not want to put money in businesses. They also say it makes people keep things and not sell them to use the money.

If you tax something, there is less of it.

Chad wanted to help people who sell things and pay a tax. He made a plan to help them.

Curtis Trent said the tax is bad for Missouri.

Who gets money from the tax change?

Some people say rich people will get the most.

Sam Waxman said stopping a tax in Missouri would be bad for the country and make things worse for some people.

A study found that white families get more money from investments than some other families.

In Missouri, many people who pay tax had extra money from selling things in 2022. This is a small number of all people who pay tax. One group says rich people will get most of a tax change.

How much money to stop the tax on profits?

Some people think Missouri will lose money without this tax. But not everyone agrees.

The cost could be about $600 million every year.

Trent thinks if the tax stops, the economy will get bigger. This will bring more tax money later.

Owen studied taxes for many years. He said when people sell things for more money, they pay less tax. They sell more things. But the government gets less money.

Zidar thinks the tax change will not bring many new businesses and jobs to Missouri.

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