kgdabom
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quote:
ORIGINAL: McMurfy
quote:
ORIGINAL: SoMnFan
That's one of the greatest and weirdest lists I've ever seen, Murf. 
This may shed some light on why they are all "neighbors"
WYOMING IS #1 TAX FRIENDLY
WHY WYOMING? NUMBER ONE TAX FRIENDLY
There are plenty of reasons to want to own a home in Wyoming: the mountains, the black hills, the big rivers, trophy hunting and fishing, our national parks and substantial public lands, the grand vistas, abundant wildlife and friendly fun-loving communities. The relaxed lifestyle we live here is annually, sometimes more so, touched by the reality of TAXES. We as Wyoming residents are better off than most, and have been cited by Bloomberg Wealth Management as “the most friendly tax state in the country”. We have more disposable income to enjoy our touched lifestyles because we have chosen to live in Wyoming.
Just what makes us so friendly? The ten best reasons are:
1. NO STATE INCOME TAX: Including no state tax on personal or corporate income.
2. DYNASTY TRUSTS: A dynasty trust administered in Wyoming can shield your real estate from federal estate taxes for up to 1000 years. Establishing a trust in Wyoming for the benefit of your family or other beneficiaries, transferring real estate into an LLC or family partnership placed into the dynasty trust can continue shelter for 1000 years. This means your generations to come can enjoy and use the property without having to pay estate taxes or worse yet, sell the place to pay the taxes. (Trusts also protect assets from federal taxes following death of the Trustee.) If you own property, you should seriously consider having a trust in place.
3. NO INHERITANCE TAX: The very limited estate tax Wyoming can collect is tied to the federal estate tax credit, and has to be a very large estate before that would kick in, so essentially Wyoming does not collect inheritance tax.
4. NO STATE GIFT TAX: You can “gift” real estate to heirs without worry of a state gift tax.
5. NO TAX ON OUT OF STATE RETIREMENT INCOME: Wyoming does not tax retirement income earned outside of Wyoming.
6. LOW PROPERTY TAXES: Compared to other states, even with the recent changes we all saw in our proposed taxes this spring, we are very low. Wyoming mandates how property shall be valued, the state has a formula for calculation of market values every county must abide by, hence the changes we saw this spring. In Crook County the market value is multiplied by .095 (tax rate), that number is your assessed value. The assessed value is multipled by (mil levy) of .0615 (or .0695 inside corporate city limits). This final number is your tax dollar. The mil levy is set (annually) by the county commissioners based on county budget and not to exceed 12 mils as mandated by Wyoming. So if your taxes are too high, the county commissioners are the ones in the power of making an across the board adjustment to offset increases we saw.
7. NO EXCISE TAX: When you fill up at the pumps or head to the grocery store in Wyoming you will not pay any state tax on your gas or food.
8. NO TAX ON MINERAL OWNERSHIP: Many states charge mineral owners a tax on mineral ownership, Wyoming does not.
9. NO INTANGIBLE TAX: That means no tax on financial assets such as stocks or bonds.
10. NO TAX ON THE SALE OF REAL ESTATE: No doc tax or stamp tax as many other states.
With the changes in our economy over the past three decades, everyone is looking for a way to protect assets and preserve income for maintaining their lifestyle in their golden years, as well comfort and enjoyment in the platinum years we are all living to anymore. Across the country for many decades farms and ranches have been lost due to taxes. With education we are finding ways to protect our property for our future generations. More and more people looking to protect and preserve their quality of life are finding Wyoming has the most to offer. Our friendly status also allows more disposable income to invest in real estate, build a nest egg, or enjoy life more with creature comforts.
I know Harrison Ford has a place out there as well. Those tax laws probably do have a lot to do with it.
_____________________________
"So let it be written.
So let it be done."
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