Missouri is about to become first U.S. state to exempt stock and crypto sale profits from income taxes

Quick Summary:

Though proponents hope it can spur the economy, detractors assert that the capital gains tax repeal will primarily benefit the rich.

Though proponents hope it can spur the economy, detractors assert that the capital gains tax repeal will primarily benefit the rich and result in less tax revenue for public schools and services.

Eight states tax capital gains at a lower rate than other income.

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Article Details

Author / Journalist: David A. Lieb, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Missouri Cryptocurrency Capital gains Taxes Stock Profits Wealth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 10:03:19 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 851 words

Reading Time: 5 minutes read

Sentences: 6 lines

Sentence Length: 142 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28491029

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

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Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

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