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Wyoming Tax Overview
- Wyoming has no personal income tax.
- State sales tax rate is 4%, with some counties charging additional taxes.
- No state income tax, no state gift tax, no inheritance or estate tax, and no capital gains tax.
- Taxes primarily collected through sales and property taxes.
Wyoming Tax Benefits
- Retirement income not taxed at the state level.
- Low property tax rates compared to other states.
- No corporate income, estate, or capital gains tax in Wyoming.
Is Wyoming a Tax Friendly State?
- Wyoming is known for its tax-friendly policies.
- No state income tax, no estate tax, no gift tax, and no capital gains tax.
- Sales tax (4%) and property tax are the primary taxes residents pay.
Tax Advantages of Wyoming
- Wyoming ranked as the most tax-friendly state for both individuals and corporations.
- No individual income tax or corporate income tax in Wyoming.
- Relatively modest combined state and local sales tax rate with low property tax rates.