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I'm confused as to why Teton County, WY has one of the highest income tax rate in the country, given that there is no income tax in Wyoming or Teton County. The
by crystaln 13y ago
I'm confused as to why Teton County, WY has one of the highest income tax rate in the country, given that there is no income tax in Wyoming or Teton County. The article suggest this is because of the ski resorts, yet I know of no income tax within Wyoming.
- rdl 13y agoZero state taxes. Full federal taxes (on the capital gains they're most likely to earn, formerly 15% and now 23.8%; on dividends, much higher) It's proving a weak relative of the Laffer curve: rich people move to the lowest practical tax jurisdiction as their taxable income increases. Particularly wealthy retirees earning passive income.