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Taxes
Illinois $3,661
Missouri $3,058
| Tax |
Missouri |
Illinois |
| Corporate Income Tax |
6.25% with adjustments, including 50% deductibility of Federal income tax (5.2% effective rate). |
7.3% (effective rate). Illinois allows apportionment based 100% on sales. 4.8% income & 2.5 replacement tax |
| Personal Income |
Top rate is $315 plus 6% of taxable income over $9,000. Federal income tax is 100% deductible up to $5,000/individual and $10,000/family. |
3.0% of net income less deductions. |
| Property Tax |
Residential is assessed at 19% of true value; commercial and industrial are assessed at 32%. Personal Property is assessed at 331/3%. Rates vary by by tax jurisdiction. No tax on
business inventories.
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Residential, commercial and indus--trial are assessed at 331/3%. No personal property tax. Rates vary by tax jurisdiction. |
| Sales/Use Tax |
4.225% + local |
6.25% + local
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| Unemployment Insurance |
Taxable base is $8,000. Non Profit: 1.3%; Regular Business 3.5% |
Taxable wage base is $9,800. Rates range from 0.9% to 8.6%. |
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