|
|
The
Bureau of
Economic Analysis estimates that Missouri's
total state product in 2006 was $225.9 billion. Per
capita personal income in 2006 was $32,707, ranking
26th in the nation. Major industries
include aerospace,
transportation equipment,
food processing,
chemicals,
printing/publishing,
electrical equipment,
light manufacturing, and beer.
The
agriculture products of the state are
beef,
soybeans,
pork,
dairy
products, hay,
corn,
poultry, sorghum, and eggs.
Missouri is ranked 6th in the nation for the
production of hogs and 7th for cattle. Missouri is
ranked in the top five states in the nation for
production of soy beans. As of 2001, there were
108,000 farms, the second largest number in any
state after Texas. Missouri
actively promotes its rapidly growing
wine industry.
Missouri has
vast quantities of limestone.
Other resources mined are lead,
coal,
Portland cement, and crushed
stone. Missouri
produces the most lead of all of the states. Most of
the lead mines are in the
central eastern portion of the state. Missouri
also ranks first or near first in the production of
lime.
Tourism,
services and wholesale/retail trade follow
manufacturing in importance.
Personal
income is taxed in 10
different earning brackets, ranging from 1.5 percent
to 6.0 percent. Missouri's
sales tax rate for most items is 4.225 percent.
Additional local levies may apply. More than 2,500
Missouri local governments rely on
property taxes levied on
real property (real estate)
and personal property.
Most personal property is exempt, except for
motorized vehicles. Exempt real estate includes
property owned by governments and property used as
nonprofit cemeteries, exclusively for religious
worship, for schools and colleges and for purely
charitable purposes. There is no
inheritance tax and
limited Missouri
estate tax
related to
federal estate tax collection.
Missouri is
the only state in the Union to have two Federal
Reserve Banks: one in Kansas City (serving western
Missouri, Kansas, Nebraska, Oklahoma, Colorado,
northern New Mexico, and Wyoming) and one in St.
Louis (serving eastern Missouri, southern Illinois,
southern Indiana, western Kentucky, western
Tennessee, northern Mississippi, and all of
Arkansas).
State
Index |
Information
|
Fast Facts
|
Geography
|
Government
|
Economy |
History
|
