Ruth Ann moved to Jackson, Wyoming to start her own business in 1988. Since then, she has owned two successful businesses and has become involved in Wyoming politics. Learn about her journey to Jackson and her desire to serve as a Wyoming Representative.
Wyoming continues to rank number one in the nation in taxes for business. That’s from a report released by the Tax Foundation on Tuesday. The state’s lack of corporate and individual income tax has kept in in first place since 2012.
Wyoming Director Tony Gagliardi is with the National Federation of Independent Business’. He says the state deserves only a cautious congratulation since some of Wyoming’s taxes are going up. For instance, fuel taxes have increased and that could hurt farmers and hauling companies.
According to a recent analysis by the U.S. Energy Information Administration, mining occupied approximately 35 percent of Wyoming’s GDP in 2013, up from around 29 percent in 2003. That makes Wyoming the most mining-dependent state in the country.
The increase comes despite calls from the Wyoming Business Council to diversify the state’s industries.
Wyoming Principal Economist Jim Robinson said that after concentrating on energy for so long, growth in areas outside energy is slow.