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Tax Benefits

Wyoming ranks as one of America’s most tax-friendly places to live, work, play and invest.

  • Bloomberg Wealth Manager Magazine (and numerous other publications) have cited Wyoming as the most tax-friendly state in the U.S.
  • Wyoming continually has a budget surplus of almost $1 billion per year, allowing this financially-wise state to give back to its residents in the form of numerous income tax incentives and very low property taxes.Stand by you every step of the way. 
  • There is no state tax, so your personal and business incomes are sheltered.
  • In 2005, Wyoming revoked estate and inheritance taxes. You can “gift” your property to heirs without paying tax thanks to the state’s ‘No gift tax’.
  • Jackson Hole is a popular place to buy a second home. There is no taxation on out-of-state retirement incomes, allowing you to enjoy your second home while withdrawing from your retirement tax free.
  • Wyoming doesn’t tax real estate sales, so when it comes time to sell your property, you do it tax free.
  • Wyoming has revoked the rule of perpetuities, allowing established trusts to continue up to 1,000 years. These trust assets are free of Federal estate taxes and the income from the trust is not taxed by the state.

Interested in making the move to Wyoming? Call Prugh Real Estate. We want to help.