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 rule might stop a tax for people this year. It might also stop the tax for companies later if the state gets more money. The leader of the state likes this new rule.

Some people think a tax change is good for the economy. Other people think it only helps rich people. They say schools and services will get less money. Lawmakers changed the plan. They added tax help for old people and people with disabilities. They also made some things cheaper to buy, like diapers and things for women.

Other states are changing their taxes.

What is tax when you sell something and make money?

When you sell something like a house or shares and get more money, this extra money is called a gain. The government takes some money from this gain as tax.

Many places take money from your job and when you sell things for more money.

Some states want rich people to pay more money.

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

Some people say this tax is not good. They say it makes people not want to invest money. They also say people keep things instead of selling them and using the money.

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

A man wanted to stop a tax. His friends told him about it. This could help farmers who want to sell their land.

A politician said a new tax is bad for Missouri. He said it makes the state weaker.

Who gets money from the tax change?

Others say rich people will get the most.

Taking away this tax in Missouri is not good for the country. It makes things unfair for people. Sam Waxman from a research group said this.

A government study said white families get more money from selling things like stocks than some other families.

In Missouri, many people who pay taxes made money from selling things in 2022. This is not many people in total. A group says rich people will get most of the tax money.

How much money to stop the tax on profits?

Stopping a tax in Missouri might cost the state $262 million every year. But people do not agree about this.

It could cost about $600 million each year.

Trent thinks if they stop the tax, the economy will grow. This means the government will get more money from taxes later.

Owen Zidar studied taxes. He looked at taxes in different places for many years. He said if taxes are lower, people sell more things. But the government gets less money.

Zidar says he thinks stopping a tax in Missouri will not bring much money and jobs.

He said, "I think our money will go down a lot."