Impact on Missouri Families
Missouri's leaders wisely reduced the General Revenue State Sales Tax on food 15 years ago, making a smart policy decision that taxing food wasn't good for families, seniors and those with moderate to low incomes. But the proposed unfair "Almost Everything Tax" would more than QUADRUPLE Missouri's sales tax on bread, milk, baby formula and other basics Missourians purchase every day. More than a nickel of every dollar spent for groceries would be gobbled by the unfair tax on just about everything.
In 2010, Missourians spent $14.171 billion on food for home consumption. Applying the 5.5 percent "Almost Everything Tax" would mean Missouri families shoulder $779.4 million in new sales taxes on food. The USDA says the average family of four spends $705 per month on a low-cost food plan. This family would pay nearly $39 per month in new taxes under the "Almost Everything Tax" at the 5.5 percent rate, or $468 per year in new sales taxes on food. This is not only unfair, it's just wrong.