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Tax Relief in Wyoming

Wyoming MapThe residents of the state of Wyoming are more fortunate than people living in many other states. This is because Wyoming does not impose a personal income tax on residents. A personal income tax is typically based on an individual’s wages or salaries. The term is sometimes broadened to include earning from stocks, notes, and bonds. However, the state government has a high property tax. The rate is 11.5 percent for industrial property and 9.5 percent for residential, commercial, and other types of property.

The results of the BLS current population survey (CPS) indicate that the unemployment rate for Wyoming fell in 2014; however, the decrease was 1.4 percent lower than the national rate. The residents of the state of Wyoming are also facing lower median family income than in 2008. This means that the average household income is lower than several years ago. When the cost of gasoline, utilities and food are going up and one’s income does not correspond, it can be hard to make ends meet.

Like many states across the U.S., plenty of people living in Wyoming have tax delinquencies. Failure in paying the amount owed to the IRS can lead to seizure of assets, which are then sold to pay off the debt. Retaining the services of a tax relief firm may prevent this from happening. Tax relief companies that work with the residents of Wyoming are qualified to provide several appropriate steps to improve their tax situation and get them out of the red with the IRS.

 

Will allowing Wyoming cities to tax themselves solve their looming funding woes

BUFFALO -- Public officials at both the state and municipal levels were at an impasse this week on a bill that could significantly effect how Wyoming's cities and towns levy their taxes.

Published:  Fri, 21 Sep 2018 04:10:00 GMT



Wyoming counties hit with lawsuit from bankrupt oil and gas firm that is seeking millions

Vanguard Natural Resources operated about 1,500 wells across Wyoming before the Texas-based oil and gas firm filed for bankruptcy last year. It paid taxes on the production from those wells both to th...

Published:  Sat, 22 Sep 2018 19:00:00 GMT



Taxes tighten housing squeeze

"The state came in and said, "˜You've got to get legal.'" Gingery said while the property tax system works well elsewhere in Wyoming, it presents a challenge in Teton County, where oftentimes the land ...

Published:  Wed, 19 Sep 2018 03:43:00 GMT



Is a state with no income tax - like Washington - better or worse

Seven U.S. states forgo individual income taxes as of 2018: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Residents of New Hampshire and Tennessee are also spared from handing ...

Published:  Tue, 11 Sep 2018 05:50:00 GMT



One Team, One Goal: New Liberty Tax CEO Arrives Well Prepared

She first joined Liberty Tax as a franchisee in 2002, operating offices in South Dakota and Wyoming. In 2004, she became an area developer for the brand and remained in that role until September of 20...

Published:  Sat, 22 Sep 2018 07:06:00 GMT



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