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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.

 

Martin: Wyoming tax reformers must consider the low rates our billionaires pay

One of these days, Wyoming won't be able to depend nearly as much on mineral tax revenues to pay for its schools, roads, hospitals, and other public services and infrastructure. We will need to ...

Published:  Sun, 18 Nov 2018 08:16:00 GMT



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



Lodging tax wins. Now what

Town Councilor Jim Stanford agreed, adding that a revised law could allow lodging tax revenue generated in Teton County to be used to promote other destinations around Wyoming. Changes within existing ...

Published:  Wed, 14 Nov 2018 03:41:00 GMT



Thinking about retiring These states don't have an income tax

Aside from having no income tax, Wyoming is America's least populated states, giving retirees looking for an escape from crowded urban living a chance to spread out.

Published:  Sun, 18 Nov 2018 05:04:00 GMT



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