TAX BENEFITS OF LIVING IN JACKSON HOLE
There are numerous reasons why those who live in Jackson Hole have chosen to have their primary residences here. Some of those reasons are emotional, such as the sheer beauty of the natural surroundings and the overall quality of life. Other reasons are more practical in scope and include Wyoming’s overall tax-climate benefits, when compared to all other states.
For years, Bloomberg has rated Wyoming as the most tax-friendly state in the United States. Here are the 10 top tax benefits offered by Brian Jones, Wealth Management Associate at J. Singleton Financial.
1. No state income tax
2. Dynasty trusts
3. No inheritance tax or estate tax
4. No state gift tax
5. No tax on out-of-state retirement income
6. Low property taxes
7. No excise taxes
8. No tax on mineral ownership
9. No intangible taxes
10. No tax on the sale of real estate