Why Wyoming?
There are several reasons why Wyoming is an ideal place to live or to invest in real estate property.
Wyoming TAX BENEFITS
Being a Wyoming resident provides exceptional tax benefits. Highlights, which you can discuss with your legal and tax advisors, include no state income tax, corporate tax, estate tax, capital gains tax or trust tax, excise tax, sales and property taxes are among the lowest in America.
Additionally, Wyoming has adopted a progressive version of the Uniform Trust Code and has extended the Rule against Perpetuities to 1000 years for trusts administered in Wyoming. It is one of just a few states where a family trust company can be formed and administered without regulation by the State Banking Commission.
Wyoming has recently legalized asset protection trusts for qualified asset and allows ownership of real and personal property in forms that provide significant asset protection as compared to other states.
Wyoming's progressive trust and asset protection laws combined with its being a "no tax" state makes it the best on-shore tax haven in the United States. It has been consistently rated as the #1 most wealth-friendly state by Bloomberg Wealth Manager and other similar publications.
Tax Information
For more information about Wyoming's favorable tax climate, please see the following resources.
Favorable Tax information from Bank of Jackson Hole
"Wyoming truly is a tax haven to affluent individuals," according to Bank of Jackson Hole. more >>
"Fleeing the Tax Man"; Barrons, September 28, 2009
Fed up with rising state taxes, people are flocking to Wyoming and other havens. more >>
"Who's the Richest in the West?"; NewWest.net Blog, October 5, 2009
For billionaire bucks, Wyoming wins. more >>
"Wyoming, the Tax-Friendly State"
Wyoming has been cited by Bloomberg Wealth Management magazine as the most tax friendly state in the country. more >>
Download the article. (PDF, 490 kb)
"A Rocky Mountain Crown Jewel"; The Wall Street Journal
Wyoming has been called the most tax-friendly state in the United States – and Jackson Hole, renowned for its Teton mountain vistas, skiing and recreational opportunities, is known as the crown jewel of this Rocky Mountain region. more >>
Conservation Buyer Program
In conjunction with the Jackson Hole Land Trust, this program assists buyers in helping protect the wildlife habitat, unique views and agricultural heritage of Wyoming. Conservation easements can be donated to the Land Trust to protect a property's conservation values and restrict future development. Donors may be eligible for tax deductions of up to 50% of their gross adjusted income. For more information about the Conservation Buyer Program, please contact us.