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

A new rule might stop a tax on money from selling things this year for people. The governor likes this rule.

Some people think this tax change is good for the economy. Other people think it is only good for rich people. They say it means less money for schools and help for people. The politicians changed the law. They gave tax breaks to old people and people who cannot move easily. They also said people do not have to pay tax on diapers and products for women.

Other states are changing their taxes this year too.

What is tax when you sell something and make money?

When you sell things like shares or houses and get more money than you paid, this extra money is called capital gains. The government takes some of this money. If you had the things for more than one year, the government takes less money.

Many places tax your salary. They also tax the money you make when you sell something for more than you paid.

Some states with Democrats are doing the opposite.

Why is it good to not tax money from selling things?

Some people say this tax is bad. They say it stops people from investing. They also say it makes people keep things instead of selling them and spending the money.

When you tax something, people buy less of it. Jonathan Williams said this. He said states want people to put more money in the state.

Chad Perkins wants to stop a tax. He thinks it will help people who work and farmers who sell their land.

Senator Curtis Trent said a tax on selling things is bad for Missouri businesses.

Who gets more money because of the tax?

Rich people will get the most.

Sam Waxman said stopping a tax in Missouri is not good for everyone.

A government paper says white families get more money from selling things like company shares than Black or Hispanic families.

In Missouri, many people paid tax. Some people had extra money from selling things. But this was only a small number of all the people who paid taxes.

How much to stop the tax on profits?

Some people think stopping a tax in Missouri will cost the state a lot of money each year. But other people do not think so.

The cost could be about $600 million each year.

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

Owen Zidar looked at how taxes changed. He saw that when taxes were lower, people sold more things. But the government still got less money.

Zidar thinks the tax change might bring money, but he is not sure.

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