Wyoming Boasts Lowest Tax Rate in the U.S.
A lot of people come to Wyoming for the wide open spaces and quality of living. But others that move to our great state, might be coming to take advantage of the lowest tax rate in the country!
Forbes.com just published their ranking of personal income tax rates in all 50 states and Wyoming leads the nation with the lowest overall tax rate at an effective 6.9% statewide.
The 5 Worst states with the highest effective tax rate:
50 - New York - 12.6%
49 - New Jersey - 12.3%
48 - Connecticut - 11.9%
47 - California - 11.4%
46 - Wisconsin - 11.0%
The 5 Best states with the lowest effective tax rate:
5 - Louisiana - 7.6%
4 - Texas - 7.5%
3 - South Dakota - 7.1%
2 - Alaska - 7%
1 - Wyoming - 6.9%