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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.

 

Airbnb generates $1.1 million in Wyoming taxes during first-year agreement

CHEYENNE - Hospitality company Airbnb announced this week that its hosts generated approximately $1.1 million in tax revenue during the first year of its agreement with the state of Wyoming. Airbnb st...

Published:  Sat, 10 Nov 2018 04:14:00 GMT



Airbnb Generates $1.1M in Wyoming Taxes

CHEYENNE, Wyo. (AP) - Online hospitality company Airbnb says its hosts generated about $1.1 million in tax revenue during the first year of its agreement with the state of Wyoming. The Wyoming Tribune ...

Published:  Sat, 10 Nov 2018 13:20:00 GMT



Wyoming backs off tax cap breach

WARSAW - The Wyoming County Board of Supervisors was prepared to exceed the state tax cap as part of the tentative 2019 county budget. But the idea ultimately proved unnecessary in the run-up to Tuesd...

Published:  Wed, 14 Nov 2018 01:15:00 GMT



Republican dominance unlikely to change in Wyoming

Republicans now outnumber Democrats in Wyoming by well over 4 to 1. Democratic registration is down to just 16 percent compared to 26 percent a decade ago. Meanwhile, widespread support for low-tax, r...

Published:  Mon, 05 Nov 2018 19:17:00 GMT



Tesla, GM, and Nissan Unite to Save Their EV Tax Credits

Just as Elon Musk's automaker has started to hit its stride-churning out Model 3s, outselling Audi and Cadillac, making a profit-the federal tax credit that can knock ... Meanwhile, Senator John Barra...

Published:  Wed, 14 Nov 2018 05:00:00 GMT



Tentative 2019 Wyoming County budget avoids tax cap, but officials remain wary

WARSAW - Staying below the state tax cap should be reason to celebrate, or at least breathe a sigh of relief. But although Wyoming County has avoided breaching the cap for the second consecutive, offi...

Published:  Thu, 15 Nov 2018 01:15:00 GMT



Gordon beats Throne to keep GOP in Wyoming governor's office

Matt Mead, who after two terms is term-limited. Like Mead, Gordon has been hesitant to suggest major changes to Wyoming system of taxes and revenue despite a recent downturn in coal, oil and natural g...

Published:  Tue, 06 Nov 2018 18:46:00 GMT



The Latest: Gordon beats Throne in Wyoming governor's race

Gordon says Wyoming shouldn't focus solely on budget cuts nor tax increases to fix the problem but should take a variety of approaches. Gordon's election marks the first time Wyoming's governor's offi...

Published:  Tue, 06 Nov 2018 18:35:00 GMT



Wyoming vote a referendum on continued Republican dominance

The state should re-examine its tax structure and diversify its economy to better weather the boom-and-bust cycles of the fossil-fuel industries that supply 70 percent of state revenue, Throne argued ...

Published:  Mon, 05 Nov 2018 21:14:00 GMT



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