Tax Benefits in Wyoming

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.