5 States with the Lowest Business Taxes

1. Wyoming

2023 State Business Tax Climate Index Score: 7.76

Wyoming does not charge any corporate tax nor any gross receipts tax. The state imposes a sales tax of 4% that can be further increased by as much as 2% only by local authorities. The state does not levy an individual income tax. The Cowboy State generates most of its tax revenue by imposing heavy property taxes and taxing businesses that are involved in the extraction of natural resources like coal. Wyoming is one of the states with the lowest taxes across the US, and thus it results in the lowest burden of per capita personal taxes.

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