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Free tax bracket calculator tailored for Wyoming (WY). Calculate instantly with state-specific rates and rules.
Wyoming has no state income tax. Residents are only subject to federal income tax brackets.
Wyoming has no individual income tax and derives state revenue primarily from mineral extraction taxes (oil, gas, coal) and sales taxes. Wyoming is popular for establishing LLCs and asset protection structures due to favorable laws and no income tax. Along with South Dakota, Wyoming is a top state for trust and LLC formation.
Regardless of Wyoming's state tax rules, all residents pay federal income tax. Federal brackets for 2024 range from 10% (on income up to $11,600 for single filers) to 37% (on income over $609,350). Your effective federal rate is typically well below the top marginal rate due to the graduated bracket structure.
Your marginal rate is the rate on your last dollar of income. Your effective rate is your total tax divided by total income. For Wyoming residents with no state tax, the effective state rate is 0%. The median household income in Wyoming is $65,204.
Data: Tax Foundation (2024), IRS Statistics of Income, US Census Bureau ACS 2023. Updated 2024–2025. Figures reflect state averages — consult a licensed CPA for personalized tax advice.
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