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Tax Benefits in Wyoming

Startupr
18 July, 2017

Wyoming is well-known as one of the lowest taxed states in the US. See below how you can benefit from doing business in Wyoming.

  • No state income tax
    There is no tax on personal or corporate income
  • No state capital gains
    Capital gains taxes are taxes that you need to pay when you sell and asset that has gone in value.
  • Low sales tax
    With 4% sales tax Wyoming belongs among states with the lowest sale taxes.
  • No tax on the sale of real estate
    Wyoming real estate sales are not taxed
  • No excise tax
    Want to fill up your car with gas or buy groceries? You will not pay any state tax on your gas or food
  • Low property taxes
    It has super low property taxes compared to any other state.
  • No inheritance tax and no estate tax
    There is no state inheritance tax assessed
  • No tax on out-of-state retirement income
    Wyoming does not tax retirement income that comes from other states where they are residents and if the participant is a resident of Wyoming then the original state cannot tax that income either.
  • No state gift tax
    Anybody who owns real estate in Wyoming can gift that property to their heirs without having to worry about paying a state tax
  • No intangible tax
    No tax on financial assets such as stocks and bond.
  • No tax on mineral ownership
    Unlike many other states, Wyoming won't charge you a tax on mineral ownership

Starting a company in this business-friendly state can save you a lot of money, not to mention your time.


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About the Author


Startupr

Startupr puts you first. This is why our main focus is Startups with global ambitions. We give you the freedom to build your business while we take care of the tedious, administrative tasks, leaving you to concentrate on your dream for your company. As part of our brilliant service, our back end software will automatically send you reminders of important annual filings, and upload your important document to your online account. startupr.hk

 

 

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