Wyoming Tax Guide
0%state income tax
Wyoming has no state income tax, no corporate income tax, and no estate tax. The state has low sales and property taxes. Funded primarily by mineral extraction (coal, oil, gas) revenue, Wyoming offers one of the lowest overall tax burdens in the nation.
Wyoming Tax at a Glance
Income Tax
None
No state income tax
Sales Tax
4%
State-level rate
Property Tax
0.61%
45% below the national average
Estate Tax
No
No state estate tax
How Wyoming Compares to the National Average
Notable Tax Facts
- No state income tax — never had one
- No corporate income tax
- No estate or inheritance tax
- Funded largely by mineral extraction (coal, natural gas, oil) taxes
- One of the lowest overall tax burdens in the entire nation
- Popular state for LLC registration and trusts
Get Glen’s Updates
Investing insights, new tools, and whatever I’m building this week. Free. No spam.
Unsubscribe anytime. I respect your inbox more than Congress respects property rights.
Wyoming Tax FAQ
Does Wyoming have income tax?
No. Wyoming has no state income tax on individuals or corporations. The state has never had an income tax and is funded primarily by mineral extraction revenue.
How does Wyoming fund its government?
Wyoming relies primarily on mineral extraction taxes (coal, oil, natural gas), sales tax (4% state rate), and property taxes. Mineral revenue provides a substantial portion of the state budget.
Is Wyoming the lowest-tax state?
Wyoming is consistently ranked as one of the two or three lowest overall tax burden states. No income tax, low sales tax (4%), low property tax (~0.61%), and no estate tax create a very low total burden.
Why do wealthy people set up trusts in Wyoming?
Wyoming offers dynasty trusts with no rule against perpetuities, no income tax on trust income, strong asset protection, and financial privacy. These features rival South Dakota and Nevada for trust-friendly states.
Compare With Other States
Other No-Income-Tax States
Recommended Resources
Tools & books I actually use and recommend
Interactive Brokers
Low commissions, global market access, and professional-grade tools. This is where I hold my positions.
Open an AccountThe Psychology of Money
Morgan Housel on why managing money is about behavior, not intelligence. Short, brilliant chapters you'll re-read.
View on AmazonA Random Walk Down Wall Street
Burton Malkiel's classic case for index investing. The book that convinced millions to stop stock-picking.
View on AmazonSome links above are affiliate links. I only recommend products I personally use. See my full disclosures.
Keep Exploring
Educational content, not tax advice. Tax rates are approximate and subject to change. Consult a qualified CPA or tax professional for advice specific to your situation. Data reflects widely-known public information as of early 2026.