Bloomberg’s Personal Finance Magazine has consistently named Wyoming as the most tax friendly state in the U.S.

Highlights for you to discuss with your accountant include:

• No state income tax either personal or corporate
• No intangibles tax
• No tax on mineral ownership
• Wyoming allows for Dynasty Trusts which can continue for 1,000 years
• No state gift tax
• No tax on out-of-state retirement income
• No excise tax
• No inheritance tax: “Wyoming can collect a very limited estate tax, which is tied to the federal estate tax credit, but you have to have a very large estate before that would kick in. But in general Wyoming does not collect any inheritance tax.” according to Brian Jones, Senior Vice President of Bank of Jackson Hole.
• Low property taxes
• Low sales tax
• No tax on the sale of real estate