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T
here are numerous reasons why those who live in Wyoming have chosen to have
their primary residences here. Some of those reasons are emotional, such as the sheer
beauty of the natural surroundings and the overall quality of life. Other reasons are
more practical in scope and include Wyoming's overall tax-climate benefits. For years,
Bloomberg has rated Wyoming as the most tax-friendly state in the U.S.
Here's Why
...
² No personal or corporate state income tax.
² Shield your real estate from federal estate taxes for up to 1,000 years through a
dynasty trust. A key point to remember is that the trust must be administered in
Wyoming.
² No inheritance tax or estate tax. Wyoming repealed its estate tax as of Jan 1, 2005.
² No state gift tax. You can `gift' your real estate to your heirs without paying a tax.
² No tax on out-of-state retirement income.
² Low property taxes compared to other states.
² No excise taxes. When you fill up your car's gas tank or buy a bag of groceries in
Wyoming, you won't pay any state tax on your gas or food.
² No intangible taxes on financial assets like stocks and bonds.
² No tax on the sale of real estate.
² No tax on mineral ownership.
Wyoming Tax Benefits