Wyoming
Our ranking: Most tax-friendly
State income tax: None
Average state and local sales taxes: 5.39%
Gas taxes and fees: 24 cents per gallon
Wyoming has no income tax, and its gas tax is well below the national average of 31 cents per gallon.
The property tax on the state’s median home value of $199,900 is $1,223, the ninth-lowest in the U.S. While some states with no income tax make up for lost revenue with higher-than-average sales taxes, Wyoming’s combined state and local sales tax rate of 5.39% is effectively the lowest in the U.S. And at 2 cents per gallon, Wyoming has the lowest beer tax in the land.
How does the Equality State do it? Generous revenues from taxes on mineral and energy extraction.
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