Wyoming has no personal income tax and also has no corporate income tax, making it one of the most tax-friendly states in the country for both individuals and businesses. The state funds government primarily through mineral severance taxes on coal, oil, and natural gas extraction, which has historically allowed Wyoming to keep both income and sales tax burdens extremely low. Wyoming's sales tax is a modest 4% statewide with limited local additions. The state's tiny population relative to its land area means per-capita mineral revenue is unusually high, funding government services without the need for an income tax. Wyoming's favorable trust and asset protection laws have also made it an attractive jurisdiction for wealth management, similar to South Dakota, complementing the lack of personal income tax for high-net-worth individuals.
🐎 Wyoming has no state income tax — and no corporate income tax either. Residents only pay federal income tax and FICA taxes.
A $75,000 salary in Wyoming results in $0 state income tax, plus $12,580 in federal income tax, $4,650 in Social Security, and $1,088 in Medicare. Your annual take-home pay is approximately $56,682, or $2,180 bi-weekly.
Use our US income tax calculator to compare your take-home pay across all 50 states. You may be surprised how much location affects your net income.