Comment on Today’s Ranking of Wyoming

Date: October 28, 2014

CHEYENNE, Wyo., Oct. 28, 2014—The nonpartisan Tax Foundation today released its 2015 State Business Tax Climate Index, and the annual report ranked Wyoming best in the nation. But the state director for Wyoming’s largest small-business association cautioned state policymakers against getting too complacent.
The index measured a state’s corporate taxes, individual income taxes, sales tax, unemployment insurance tax and property-tax rank to come up with an overall score. Wyoming came out No. 1 in the nation. “The absence of a major tax is a common factor among many of the top ten states,” wrote the index’s authors. “Wyoming, Nevada, and South Dakota have no corporate or individual tax.”
But it does have other taxes, cautioned Tony Gagliardi, Wyoming state director for the National Federation of Independent Business, which are not reflected in the index. “From an economic development perspective, I would caution Wyoming not to get complacent with this rating. A ten-cents-a-gallon, fuel-tax increase was levied in 2013 and took effect this year. Another tax increase, in one form or another, could easily move Wyoming in the direction of their neighbor to the south. Taxes do matter to small-business owners. A state’s tax climate affects everything from expansion to the creation of new jobs. I offer the state of Wyoming a cautiously optimistic congratulation.”
With 350,000 dues-paying members across the nation, including more than 2,000 in Wyoming, NFIB is the nation’s largest and leading small-business association. More information about small business, especially its difference from big business, can be found in this media kit with brief, single pages of bulleted information.
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For more than 70 years, the National Federation of Independent Business has been the Voice of Small Business, taking the message from Main Street to the halls of Congress and all 50 state legislatures. NFIB annually surveys its members on state and federal issues vital to their survival as America’s economic engine and biggest creator of jobs. NFIB’s educational mission is to remind policymakers that small businesses are not smaller versions of bigger businesses; they have very different challenges and priorities.
National Federation of Independent Business/Wyoming
Box 2270
Cheyenne, WY 82001
307-635-8524

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