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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 individualís 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 oneís 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.

 

High-dollar lobbyists, conservative activists come together to oppose Wyoming corporate income tax

CHEYENNE - In the past five weeks, the Wyoming Legislature has examined a property tax, a tax on wind energy, and taxes on hotel rooms, cigarettes and vape products. None of those taxes, however ...

Published:  Sun, 17 Feb 2019 16:00:00 GMT



Research & Commentary: Keep the Income Tax out of Wyoming

In this Research & Commentary, Matthew Glans examines two new proposals in Wyoming that would create new income taxes in the state for the first time. Wyoming has one of the best tax systems in the co...

Published:  Fri, 15 Feb 2019 13:18:00 GMT



Pope: A state income tax is wrong for Wyoming

Does this legislature want Wyoming's first income tax to be its legacy I hope not, because an income tax is wrong for Wyoming. House Bill 220, "The National Retail Fairness Act," is a 7 percent corpo...

Published:  Wed, 13 Feb 2019 04:21:00 GMT



Wyoming Lawmakers Advance Energy Equipment Tax Break

CHEYENNE, Wyo. (AP) - Wyoming lawmakers have advanced a proposed property tax break on equipment used in energy production. The Senate Minerals, Business and Economic Development Committee voted 4-1 F...

Published:  Fri, 15 Feb 2019 12:31:00 GMT



It's time to shut down tax havens

... havens are jurisdictions where tax rates are low and financial systems opaque. These include such well-known havens as Switzerland and the Cayman Islands, but also others closer to home, in Delawa...

Published:  Mon, 18 Feb 2019 14:41:00 GMT



Companies, activists unite against corporate income tax

The Valentine's Day hearing brought lawyers in well-tailored suits worried about corporate bottom lines together with tea-party-style conservatives galvanized by fears of a scheme to impose broader in...

Published:  Mon, 18 Feb 2019 11:12:00 GMT



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