Contrary to its reputation as an independent state, Wyoming receives the sixth highest amount of federal financial aid of any state in the country -- almost 40 percent of state revenue -- according to the Tax Foundation.
Other states that rely heavily on federal aid are Louisiana, South Dakota and Tennessee. Tax economist Liz Malm says many states have higher numbers of people who qualify for federal programs such as Head Start and Medicaid. But Wyoming’s federal funding mostly comes from mineral royalties since over 40 percent of its lands are federally owned.
A new report says Wyoming has the best tax policies in the nation for spurring job growth.
The Tax Foundation research group in Washington, D.C., released its annual rankings yesterday… placing Wyoming at the top of its overall business tax climate index.
The report authors say the state is especially attractive for prospective employers because it does not levy personal income and corporate taxes… and the state placed first among all states in the foundation's income and corporate tax categories.