Missouri steadily remains one of the best overall states for business taxes in the country – and a top contender in the Midwest – earning a spot in the top 15 states for the fourth consecutive year, according to Tax Foundation's 2023 State Business Tax Index.
The Index is designed to show how well states structure their tax systems, providing a road map for improvement over short- and long-term. Determined by five components – individual income tax, sales tax, corporate income tax, property tax, and unemployment insurance tax – the Index enables business leaders, government policymakers and taxpayers to compare their states' tax systems to the rest of the country.
The ranking placed Missouri within the top four states for corporate tax index and unemployment insurance index and 7th best overall in property tax rank.