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Why aren’t more millionaires moving to Wyoming?
In fact, Wyoming’s tax structure is tailored to benefit its wealthiest residents, with a system set up so the poorest 20 percent of the population can proportionally pay up to six times as much in taxes as their wealthy counterparts, according to a 2018 report from the Institute on Taxation and Economic Policy.
With Wyoming’s breathtaking landscapes, boundless outdoor opportunities, one of the nation’s lowest tax burdens and a degree of solitude paralleled by few places, one would think the Equality State would be a hotbed for America’s wealthiest individuals.
Wyoming is home to three of the nation’s 500 most expensive zip codes, after all, and is perennially named as home to one of the most business-friendly tax climates in the country by both the financial press and think tanks like the Tax Foundation.
