Kansas City Missouri Tax
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A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. The first known taxation took place in Ancient Egypt around 3000–2800 BC.
Most countries have a tax system in place to pay for public, common or agreed national needs and government functions. Some levy a flat percentage rate of taxation on personal annual income, but most scale taxes based on annual income amounts. Most countries charge a tax on an individual’s income as well as on corporate income. Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, payroll taxes or tariffs.
In economic terms, taxation transfers wealth from households or businesses to the government. This has effects which can both increase and reduce economic growth and economic welfare. Consequently, taxation is a highly debated topic.
The Kansas City metropolitan area is a bi-state 14-county metropolitan area straddling the border between the U.S. states of Missouri and Kansas, anchored by Jackson County, Missouri, and Johnson County, Kansas. Its most-populous municipality is Kansas City, Missouri (KCMO). With a population of 2,487,053 (2018 estimate), it ranks as the second-largest metropolitan area in Missouri (after Greater St. Louis) and the largest metropolitan area in Kansas. Alongside KCMO, the area includes a number of other cities and suburbs, the largest being Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; and Independence, Missouri; each over 100,000 in population. The Mid-America Regional Council (MARC) serves as the Council of Governments and the Metropolitan Planning Organization for the area.