Come here often? Make your homepage » close


Your XFINITY Connect session has timed out due to inactivity. Click here to go back close

24/7 Wall St.: States with the Highest (and Lowest) Taxes

States with the Lowest Taxes

5. Wyoming

Taxes paid by residents as pct. of income: 7.8%
Total state and local taxes collected: $3.48 billion (5th lowest)
Pct. of total taxes paid by residents: 33.1% (2nd lowest)
Pct. of total taxes paid by non-residents: 66.9% (2nd highest)

Wyoming is just one of two states where more than two-thirds of the total tax revenue came from non-residents. The oil and gas industry provided $1.9 billion to state coffers in fiscal 2010. The state is just one of seven that does not levy any income tax, while its 4% sales tax was significantly lower than the national median of 6%. Wyoming residents made that up in property taxes. State and local governments received $2,321 in property taxes per capita, the fourth highest in the U.S.


More From 24/7 Wall St.:
America’s Worst Companies to Work for
States Losing the Most Jobs to China
The 10 Poorest Countries in the World

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

Ad Info - Ad Feedback

Ad Info - Ad Feedback