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The following is a letter written to Jamie Turner from Bank of Jackson Hole Senior Vice President Brian Jones regarding the favorable tax status of Wyoming.
To: Jamie Turner
Brokerage of the Tetons
Dear Jamie:
I enjoyed our recent discussion regarding the many advantages of calling Wyoming our home. Certainly one of the greatest advantages to being a Wyoming resident comes from our favorable tax status. Continue reading
NICKNAMEThe Cowboy StateTAX-FRIENDLY
Wyoming is a tax haven for cowboys and retirees alike. There is no state income tax. The state sales tax is low. For most property, only 9.5% of market value is subject to tax. Thanks to abundant revenues that the state collects from oil and mineral rights, Wyoming residents shoulder one of the lowest tax burdens in the U.S., according to the Tax Foundation. Read more