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Missouri Is Taking The Scenic Route To Killing Old And Poor People
['Andrea Thompson']
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ITEP reports:For senior citizens, active-duty military families, and military retirees, the impact would be even worse.
That’s because Social Security benefits, active-duty military pay, and military pensions are already exempt from Missouri income tax, so households for whom those are the sole source of income would get no benefit from Amendment 5.
For a middle-class Missourian earning between $49,100 and $79,700, this would mean an increase of $1,600 in taxes every year.
Overall, seniors alone would see a net tax increase of about $335 million, and each pay $365 more, on average, each year.
Missourians are being looked square in the eye and told to rob the poor to make the rich richer, and do it with a smile on their faces.