January 9, 2024

Wyoming: Who Pays? 7th Edition


Silhouette of Wyoming

Wyoming

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Chart: Total Taxes for Wyoming
Chart: Sales & Excise Taxes for Wyoming
Chart: All Other Taxes for Wyoming
Chart: Property Taxes for Wyoming
All figures and charts show 2024 tax law in Wyoming, presented at 2023 income levels. Senior taxpayers are excluded for reasons detailed in the methodology. Our analysis includes nearly all (99.8 percent) state and local tax revenue collected in Wyoming.

State and local tax shares of family income

Top 20%
Income Group Lowest 20% Second 20% Middle 20% Fourth 20% Next 15% Next 4% Top 1%
Income Range Less than $28,200 $28,200 to $54,900 $54,900 to $95,300 $95,300 to $143,000 $143,000 to $265,700 $265,700 to $737,800 Over $737,800
Average Income in Group $15,200 $41,900 $70,000 $118,400 $182,500 $395,300 $1,701,600
Sales & Excise Taxes 6.1% 4.9% 3.9% 3.3% 2.9% 1.8% 0.9%
General Sales–Individuals 2.9% 2.5% 2% 1.6% 1.4% 0.8% 0.3%
Other Sales & Excise–Ind 1.1% 0.6% 0.4% 0.3% 0.2% 0.1% 0%
Sales & Excise–Business 2.1% 1.8% 1.5% 1.3% 1.3% 0.9% 0.6%
Property Taxes 4.3% 3.3% 2.9% 3.1% 3.1% 2.5% 1.8%
Home, Rent, Car–Individuals 2.9% 2% 1.9% 2% 2% 1.4% 0.5%
Other Property Taxes 1.4% 1.3% 1% 1.1% 1.1% 1.2% 1.3%
Income Taxes 0% 0% 0% 0% 0% 0% 0%
Personal Income Taxes 0% 0% 0% 0% 0% 0% 0%
Corporate Income Taxes 0% 0% 0% 0% 0% 0% 0%
Other Taxes 0.7% 0.7% 0.5% 0.6% 0.6% 0.6% 0.7%
TOTAL TAXES 11.1% 8.9% 7.4% 6.9% 6.6% 5% 3.4%
Individual figures may not sum to totals due to rounding.

ITEP Tax Inequality Index

ITEP’s Tax Inequality Index measures the effects of each state’s tax system on income inequality. According to this measure, Wyoming has the 11th most regressive state and local tax system in the country. Income disparities are larger in Wyoming after state and local taxes are collected than before. (See Appendix B for state-by-state rankings and the report methodology for additional detail.)

Tax features driving the data in Wyoming

Sales tax base excludes groceries
Levies a business franchise tax
No refundable tax credits to offset sales, excise, and property taxes
Does not levy a tax on estates or inheritances
No corporate income tax
No personal income tax