January 13, 2015

Wyoming

State & Local Taxes in 2015

 

Wyoming Tax Code Features

Progressive Features

• Sales tax base excludes groceries

Regressive Features

• No personal income tax

• No corporate income tax

• Fails to provide non-elderly taxpayers with tax credits to offset sales, excise, and property taxes

Tax Changes Enacted in 2013 & 2014

• Raised gasoline and diesel tax rates by 10 cents per gallon

ITEP Tax Inequality Index

According to ITEP’s Tax Inequality Index, Wyoming has the 14th most unfair state and local tax system in the country. States with regressive tax structures have negative tax inequality indexes, meaning that incomes are less equal in those states after state and local taxes than before (See Ap­pendix B for state-by-state rankings and more details).

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