Libertarians may disagree on some issues but taxes is not one of them. From our national platform: All persons are entitled to keep the fruits of their labor. We call for the repeal of the income tax, the abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We oppose any legal requirements forcing employers to serve as tax collectors. Government should not incur debt, which burdens future generations without their consent. We support the passage of a “Balanced Budget Amendment” to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes.
How does this relate to Missouri and our state’s finances? From our state party platform: Taxes remove revenue by force from productive uses, allocating them less efficiently, and provide the resources for political corruption and cronyism.
What we advocate:
- Initiate ceilings on personal property taxes.
- Repeal the state income tax provision of the Missouri Constitution.
- All state and local government functions should, where possible, be funded by user fees.
- By constitutional amendment require 75% voter approval for all tax increases or new taxes.
- Pass enabling legislation to permit voters to repeal, and in the future prohibit sales taxes on food and prescription drugs for counties, municipalities and all other political entities in the state which have authority to levy sales taxes. This includes the state-wide 1% sales tax for public schools.