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

A new rule can stop a tax for people this year. This tax is on money they make from selling things. It might also stop the tax for companies if the state gets more money. The rule will now go to the governor. He likes it a lot.

Some people say stopping a tax can help the economy. But other people say it will only help rich people. They say it will mean less money for schools and help for people.

Other states are also cutting taxes.

What is a tax when you sell something for more money?

When you sell something like a house or stocks and get more money than you paid, this extra money is called a profit. The government takes some money from this profit, but sometimes not as much as from the money you earn from your job.

Many places take money from people when they sell things like stocks.

But some states are doing the opposite.

Why stop the tax on money from selling things?

Some people say this tax stops people from investing and makes them keep their money.

If you tax something, people do less of it. You want more businesses in your state.

ALEC wanted to stop a tax. Chad Perkins had the idea to stop the tax. His friends gave him the idea. They worked at a building company that paid the tax. Chad's idea can also help farmers who want to sell their land.

Senator Curtis Trent said the tax is bad for Missouri business and jobs.

Who gets money if the tax stops?

Rich people will get the best reward.

Sam Waxman said stopping the tax would be bad for the country and make money problems worse for people.

A study found that white families often make money from selling things like stocks. This happens more than with some other families.

In Missouri, many people paid taxes on money they made from selling things. A group says this tax helps rich people the most.

How much money do you lose if you stop the tax?

Some people say Missouri might lose money each year if a tax stops. But other people have different ideas.

It may cost about $600 million each year.

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

Owen Zidar is a teacher. He looked at how changing taxes on selling things worked. He said when the tax was lower, more people sold things. But the government did not get enough money because the tax was lower.

Zidar said he thinks stopping the tax will not bring much money or jobs to Missouri.

He said, "I think the money we make will go down a lot."