Wyoming's Tax Structure

Wyoming has some of the lowest taxes in the nation - and certainly one of the lowest personal tax burdens per capita. With no corporate or personal income tax, state and local governments rely heavily on mineral revenues to keep services afloat.

What is taxed in Wyoming?

Wyoming has the following taxes:

  • Sales and Use Tax (state and local)
  • Property Tax
  • Severance Tax
  • Excise taxes on Fuel, Lodging, Alcohol and Tobacco
  • Business Entity License Tax
  • Estate Tax
  • Commercial Vehicle Registration
  • Insurance Premium Tax
  • Motor Vehicle Registration
  • Oil and Gas Conservation Charges
  • Pari-Mutuel Tax
  • Public Utilities Tax
  • Railroad Car Tax
  • Unemployment Insurance
  • Worker's Compensation

More information on specific taxes and state revenue can be found under Publications and Reports in this section.

What are the major sources of revenue?

For more information on Wyoming's major revenue sources, see the Wyoming Tax Summary.

How does the tax burden in Wyoming compare in different income brackets?

A District of Columbia Report Comparing Tax Burdens in 2013 ranked Wyoming as follows:

Income

Wyoming Tax Burden
(as a percentage of income)

U.S. Average Tax Burden
(as a percentage of income)

Wyoming's Rank
(Including Washington D.C.)

$25,000

7.0%

10.0%

47

$50,000

3.7%

9.3%

51

$75,000

3.8%

10.3%

51

$100,000

3.6%

10.5%

51

$150,000

3.7%

10.7%

51

More information on how Wyoming's taxes compare can be found here:
How Wyoming’s Taxes Compare Regionally.

 

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