Wyoming is a very taxpayer friendly state. It doesn't levy a personal or corporate income tax. Neither does it impose a tax on intangible assets such as bank accounts, stocks or bonds.
So where does Wyoming get its operating revenue? In part from sales taxes.
Like in many other jurisdictions, however, most food items are exempt from the state's sale tax.
And also like in many other jurisdictions, just what is considered food, and therefore nontaxable, is often interesting.
Take, for example, wedding cakes. If you pick up your big day's cake from a Wyoming grocery store or bakery, the confection is not taxed unless the price also includes such items as plates, forks or serving utensils that are provided as a part of the cake package.
The lesson for frugal Wyoming newlyweds is to have all your guests enjoy your wedding cake in the same traditional way as brides and grooms, by feeding it to each other with their fingers.
In addition to saving you a few tax dollars, your reception pictures should be a riot!
Tax trip around the United
States: This post is part of our series highlighting tax
information from the 50 U.S. states and Washington, D.C. You can read other state tax blurbs at our Complete menu of tasty state tax tidbits.
The State Tax Departments page provides
links to official state and District of Columbia revenue Web sites so that you
can find out more about your home's tax laws and filing
requirements.
As we work
through the 2010 tax season, a different state will be featured each day as
noted in Don't forget your state taxes! Check back to see what tax
tidbit we share about your home.
Related posts:
- State Tax Tidbits
- State Tax Departments
- Don't forget your state taxes!
- Maine tax tidbit: blueberry tax
- Colorado tax tidbit: new candy, soda taxes
- 9 states of no-tax note … sort of
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