Teabaggers Say No to Missouri Flip Tax

Have the tax-hating teabaggers worked their way into the Missouri real estate market?

If the apparent groundswell of support that surrounds the state's "Vote Yes to Stop Double Taxation" campaign is any indication, the answer is a resounding yes.

A group of businesspeople, homeowners and Realtors are proposing an amendment to Missouri's state constitution to prohibit the state and local governments from introducing a transfer tax, a tax paid each time a property title changes hands. Currently, 37 states and the District of Columbia charge a transfer tax--including Missouri neighbors Arkansas, Illinois, Iowa, and Kansas.

But is this all a tempest in, well, a teapot?