Blog
City Taxes
Posted by Rebecca Eggleston on January 21, 2010 |
Our MyCity colleague from Seoul and St. Louis, Daron Dierkes has started this interesting discussion on city income taxes.
With the state of Missouri currently assessing whether cities throughout the state should have the ability to collect income tax from their residents, Daron looks at the impact this could have on St. Louis and Kansas City. It could mean a 40% reduction in St. Louis’ operating budget, and such an abrupt change would only amplify the impact.
What is the tax structure in your city? How has that affected attracting and retaining people, jobs and spending in the city?