Wyoming’s State/Local Tax Burden Third-Lowest in Nation

Estimated at 7.0% of income, Wyoming’s state and local tax burden percentage ranks 48^th highest nationally, well below the national average of 9.7%. Wyoming taxpayers pay $3,714 per capita in state and local taxes.

Wyoming’s 2010 Business Tax Climate Ranked 2nd

Wyoming ranked 2^nd in the Tax Foundation’s State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes; individual income taxes; sales taxes; unemployment insurance taxes; and taxes on property, including residential and commercial property. Neighboring states ranked as follows: Montana (6^th), Nebraska (33^rd), Colorado (13^th), Utah (10^th), and Idaho (18^th). 

Wyoming Levies No Personal Income Taxes

Wyoming levies no individual income taxes, joining six other states with the same policy. This makes the tax environment in Wyoming very competitive compared to other states.

Wyoming Levies No Corporate Income Taxes

Wyoming, in addition to collecting no personal income taxes, collects no corporate income taxes. 

Wyoming Levies Sales Tax below National Median

Wyoming levies a 4% general sales or use tax on consumers, which is below the national median of 6%. State and local governments combined collected $1,576 per capita in general sales taxes in 2006, which ranks 3^rd highest nationally. 

^{*Source: 2010 Tax Foundation}