The facts on Wyoming’s Tax Climate

Wyoming's Individual Income Tax System
Wyoming levies no individual income tax, joining six other states with the same policy: Alaska, Florida, Nevada, South Dakota, Texas, and Washington.

50-State Table of Individual Income Tax Rates

Wyoming's Corporate Income Tax System
Wyoming levies no corporate income tax, joining five other states with the same policy: Nevada, Ohio, South Dakota, Texas, and Washington.

50-State Table of Corporate Income Tax Rates

Wyoming Sales and Excise Taxes
Wyoming levies a 4% general sales or use tax on consumers, which is below the national median of 5.95%. The average local sales tax rate is an additional 1.4%. Wyoming's state and local governments collect $1,489 per person in general sales taxes and $285 per person in excise taxes, for a combined figure of $1,774, which ranks 11th highest nationally. Wyoming's gasoline tax stands at 24 cents per gallon, 32nd highest nationally, while its cigarette tax stands at $0.60, 41st highest nationally.

50-State Table of State and Local Sales Tax Rates

Wyoming Property Tax Collections Relatively High
Wyoming's state and local governments collected approximately $2,173 per person in property taxes in 2013, which ranks 7th nationally.

For 50-state tables of property tax collections, visit our latest web edition of Facts & Figures, or download our mobile app for Apple and Android.

Tax Freedom Day Arrives on April 23rd in Wyoming

Tax Freedom Day is the day when Americans have finally earned enough money to pay off their total tax bill for the year. In 2016, Wyoming taxpayers have to work until April 23rd (36th earliest nationally) to pay their total tax bill.

Wyoming's State and Local Tax Burdens Ranks 48th

Wyoming's 2012 tax burden of 7.1% ranks 48th highest in the nation, and is below the national average of 9.9%. Wyoming's taxpayers pay $4,407 per capita in state and local taxes.

Wyoming's State-Local Tax Burden, 1977-Present

State-Local Burden Rankings (full study)

Wyoming's 2016 Business Tax Climate Index Ranks 1st

Wyoming ranks 1st on the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes (1st), individual income taxes (1st), sales taxes (12th), unemployment insurance taxes (30th), and taxes on property (36th), including residential and commercial property.
State Business Tax Climate Index (full study)

Wyoming Info

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