why Wyoming
Wyoming tax benefits
Wyoming Department of Revenue:
Wyoming levies no personal income tax and no tax on corporate income.
No inheritance tax or estate tax.
No tax on out-of-state retirement income.
Wyoming offers Dynasty Trusts where you can shield your real estate from federal estate taxes for up to 1,000 years for the benefit of your family or other beneficiaries.
No gift tax, so real estate can be gifted to your heirs without paying a gift tax.
Low property taxes based on assessed value of your property generally in the range of 6/10ths of one percent of market value.
Wyoming levies no intangible tax on financial assets like stocks and bonds.
No excise sales tax.
No tax on mineral ownership.
No real estate transfer tax.
No tax on Social Security, private pension, and individual wage income.
Most Tax-Friendly State – Kiplinger | View the article
“No. 1 Best State for Taxes” — Forbes | View the article
“The 10 Most Tax-Friendly States in the Country for Retirees” — MarketWatch | View the article