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Missouri imposes an income tax, including an individual income tax, a corporate income tax, and a bank franchise tax. Kansas City and St. Louis impose their own "earnings taxes" on income. Individual income tax
A "mirror" tax is a tax in a U.S. dependency in which the dependency adopts wholesale the U.S. federal income tax code, revising it by substituting the dependency's name for "United States" everywhere, and vice versa. The effect is that residents pay the equivalent of the federal income tax to the dependency, rather than to the U.S. government.
The first paper published by the institute, written by Joseph Haslag in 2006, explored how the 1 percent earnings taxes of Kansas City and St. Louis damaged growth in those cities. [7] An essay published in 2012 by Patrick Ishmael and Michael Rathbone called for the elimination of the corporate income tax through the elimination of economic ...
In the United States, the jock tax is the colloquially named income tax levied against visitors to a city or state who earn money in that jurisdiction. Since a state cannot afford to track the many individuals who do business on an itinerant basis, the ones targeted are usually high profile and very wealthy, namely professional athletes.
Persons paying wages or making certain payments to foreign persons are required to withhold income tax from such payments. Income tax withholding on wages is based on declarations by employees and tables provided by the IRS. Persons paying interest, dividends, royalties, and certain other amounts to foreign persons must also withhold income tax ...
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