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Sales Tax Calculator

Step 1/3

What do you sell?

Estimated Sales Tax Breakup

For Total Sales of $305,000

Monthly

Annual

Brackets

Rates

Income

$305,000

Sales Tax Rate

Infinity% - -Infinity%

Total Sales Tax

$Infinity.undefined - $-Infinity.undefined

In Wyoming, the total sales tax rate stands at Infinity% - -Infinity%, incorporating both city and county taxes. The current sales tax for the state of Wyoming is NaN%, along with a county tax of Infinity% - -Infinity%. Additionally, City applies a sales tax of Infinity% - -Infinity%.

Sales Tax in Wyoming

Sales tax is a crucial component of state revenue systems across the United States, and Wyoming is no exception. Understanding the intricacies of Wyoming sales tax is essential for both consumers and businesses operating within the state. Whether you're a resident or a business owner, navigating the complexities of sales tax in Wyoming can be challenging yet rewarding.

Breakdown of Sales Tax Rates in Wyoming

State Tax Rates

NaN%

County Tax Rates

Infinity% - -Infinity%

City Tax Rates

Infinity% - -Infinity%

Total Tax Rate

Infinity% - -Infinity%

Understanding Sales Tax in Wyoming

Sales tax in Wyoming is a consumption tax imposed on the sale of goods and services. This tax is collected by retailers at the point of sale and then remitted to the state. Understanding how sales tax is applied can help consumers make informed purchasing decisions and ensure businesses remain compliant with state regulations.

Sales Taxable and Exempt Items in Wyoming

In Wyoming, not all items are subject to sales tax. Here are some examples of taxable and exempt items:

  • Taxable Items:Clothing, electronics, and furniture are generally subject to Wyoming sales tax.
  • Exempt Items:Prescription medications, certain groceries, and agricultural equipment are typically exempt from sales tax in Wyoming.

How Sales Tax is Calculated in Wyoming

Calculating sales tax in Wyoming involves applying the Wyoming sales tax rate to the purchase price of taxable goods or services. Businesses can use tools like the Wyoming sales tax calculator or WY sales tax calculator to ensure accuracy.

How to Make Sales Tax Compliance Easier and More Efficient

With sales tax laws constantly evolving, apps like FlyFin make it easier to manage taxes. FlyFin is leading the change in the tax industry by using AI alongside experienced CPAs. Whether the filing is simple or complex, FlyFin ensures highly accurate filings 20 times faster and at 5 times the cost savings. Best of all, your first sales tax filing is free, letting you grow your business while FlyFin's CPAs handle the tricky tax stuff.

Common Misconceptions About Sales Tax in Wyoming

One common misconception is that all goods are taxed at the same rate. However, the Wyoming sales tax rate can vary depending on the type of goods or services. Additionally, some believe that online purchases are exempt from sales tax Wyoming, but this is not always the case.

Affiliate Nexus in Wyoming: What It Means for Businesses

Affiliate nexus refers to the requirement for out-of-state businesses to collect sales tax if they have affiliates in Wyoming. This means if a business has a physical presence or significant sales activities in the state, they may be required to collect and remit Wyoming sales tax.

Where to Apply for a Sales Tax Permit in Wyoming

Businesses must apply for a sales tax permit through the Wyoming Department of Revenue. This permit allows businesses to legally collect and remit sales tax in Wyoming.

Late Filing Penalties for Sales Tax in Wyoming

Failing to file sales tax returns on time can result in penalties and interest charges. Businesses should ensure timely filing to avoid these additional costs.

Historical Context of Sales Tax in Wyoming

The introduction of sales tax in Wyoming dates back to the mid-20th century, reflecting a need to diversify state revenue sources. Unlike many states, Wyoming does not impose a state income tax, making sales tax a vital revenue stream.

Comparing Wyoming Sales Tax to State Tax

Wyoming's reliance on sales tax is unique compared to other states that also impose income taxes. This reliance has led to a relatively stable Wyoming sales tax rate, providing consistency for businesses and consumers alike.

Local Policy Impacts on Wyoming Sales Tax

Local governments in Wyoming can impose additional sales taxes, affecting the overall sales tax Wyoming rate. These local taxes can vary, impacting the total cost of goods and services in different regions.

Unique Administrative Processes in Wyoming's Sales Tax Collection

Wyoming's sales tax collection process is streamlined through the use of modern technology, including online filing systems and Wyoming sales tax calculator tools. This approach simplifies compliance for businesses, ensuring accurate and timely remittance of sales tax.

Sales Tax Rate in Major Counties of Wyoming

County

Total Sales Tax Rate

Facts and figures about
County, Wyoming

1,133

CPAs across the state

wyoming
population

576,851

Residents as of 2022

population

35,180

People claiming self- employment tax deductions

population

25,140

S-Corps statewide

population

15,340

People taking itemized deductions

population

45,310

People claiming the QBI deduction

😵‍💫 Smart CPAs are accessible and affordable, but there's only 1 Wyoming CPA for every 300 residents.

😓 19 million taxpayers filed late last year. Smart CPAs can help taxpayers be prepared.

😨 Smart CPAs can help the 30 million Americans who miss tax deductions each year.

😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.

Wyoming State Income Tax Rates & Brackets for 2023

The following tables represents Wyoming's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

n.a

none

MARRIED FILING JOINTLY

Brackets

Rates

n.a

none

Filing Status

Standard Deduction Amt.

Single

n.a.

Couple

Wyoming State IRS Statistics of Income for 2020

Size of adjusted gross income

Item
(All amounts are in 1000s of dollars)

Number of returns

Number of single returns

Number of joint returns

Number of head of household returns

Number of individuals

Adjusted gross income (AGI)

Total income: Number

Amount

Salaries and wages in AGI: Number

Amount

Business or profession net income (less loss): Number

Amount

Partnership/S-corp net income (less loss): Number

Amount

Self-employed health insurance deduction: Number

Amount

Student loan interest deduction: Number

Amount

Charitable contributions if took standard deduction: Number

Amount

Total itemized deductions: Number

Amount

State and local income taxes: Number

Amount

State and local general sales taxes: Number

Amount

Qualified business income deduction: Number

Amount

Child and dependent care credit: Number

Amount

Child and other dependent tax credit: Number

Amount

Self-employment tax: Number

Amount

Earned income credit: Number

Amount

Refundable education credit: Number

Amount

Recovery rebate credit: Number

Amount

Total tax liability: Number

Amount

Total additional Medicare tax: Number

Amount

Net investment income tax: Number

Amount

Tax due at time of filing: Number

Amount

Total overpayments: Number

Amount

All returns

286,780

139,720

114,550

26,370

537,690

25,476,091

281,880

25,735,701

228,630

13,266,693

44,900

505,353

25,140

1,265,659

9,240

76,257

16,280

11,339

69,340

17,933

15,340

1,138,863

2,970

133,477

11,220

25,753

45,310

430,408

9,270

5,151

66,000

171,099

35,180

113,813

36,170

75,731

8,930

7,026

53,250

77,289

211,530

3,968,882

4,100

9,578

8,000

194,579

53,020

453,279

223,060

1,087,829

Under $1

9,810

6,590

2,470

480

14,240

0

4,910

0

1,630

69,274

2,020

0

1,630

0

410

3,253

150

126

1,660

421

0

0

0

0

0

0

0

0

0

0

10

15

750

2,071

580

794

140

112

4,150

6,260

900

2,742

60

63

0

0

460

1,188

6,350

77,790

$1 under $10,000

34,750

28,800

3,040

2,330

34,900

171,197

34,740

176,677

25,070

139,588

4,180

10,113

710

0

380

1,227

340

202

3,760

857

240

6,935

10

37

190

128

120

21

0

0

20

10

3,450

2,451

9,560

10,193

1,170

920

8,930

13,803

4,390

2,752

0

0

0

0

2,120

1,129

27,620

37,548

$10,000 under $25,000

47,270

33,460

6,440

6,320

65,670

820,263

47,270

832,031

37,290

607,388

6,160

41,722

1,350

0

750

2,382

1,190

721

7,070

1,681

640

17,446

60

160

490

316

2,960

1,975

320

92

3,340

1,204

5,260

8,130

12,730

35,115

2,090

1,600

10,310

15,892

27,600

22,698

0

0

0

0

3,910

4,008

41,460

104,255

$25,000 under $50,000

64,300

37,600

14,870

9,830

108,570

2,354,652

64,300

2,380,854

54,510

1,821,757

7,800

68,840

2,380

975

1,250

5,441

3,830

2,425

12,280

3,019

1,430

36,594

180

418

1,030

983

7,710

11,194

1,490

742

15,950

21,759

6,220

14,685

12,530

29,214

1,790

1,373

9,080

12,912

52,740

124,893

10

11

0

0

8,520

11,834

55,350

153,106

$50,000 under $75,000

42,290

18,220

18,690

4,230

85,980

2,608,450

42,290

2,636,822

35,310

1,926,924

6,420

59,649

2,720

17,238

1,120

6,211

3,750

2,709

11,380

2,948

2,020

57,217

290

823

1,500

1,646

7,290

16,293

1,340

667

12,840

34,053

4,910

13,522

770

415

1,030

837

6,520

8,695

38,780

187,630

0

0

0

0

8,590

17,659

33,540

100,980

$75,000 under $100,000

29,750

7,500

20,010

1,760

71,610

2,585,019

29,750

2,609,583

25,190

1,879,052

5,370

54,068

2,630

25,098

900

5,744

2,550

1,803

9,660

2,588

1,930

56,661

290

1,153

1,470

1,935

6,440

17,835

1,690

960

10,860

36,009

4,100

11,666

0

0

860

690

5,370

6,190

28,820

213,816

10

18

0

0

7,280

19,285

22,410

79,536

$100,000 under $200,000

45,300

5,690

37,990

1,200

122,270

6,071,551

45,300

6,135,826

39,020

4,270,809

9,280

140,977

6,880

155,952

2,020

17,795

4,470

3,353

18,420

5,003

4,250

147,684

770

5,200

3,220

5,599

13,070

65,585

3,690

2,232

19,360

65,929

7,050

27,912

0

0

1,850

1,494

8,770

13,484

45,010

667,193

240

84

120

63

15,490

69,810

29,720

143,949

$200,000 under $500,000

10,220

1,340

8,620

160

26,760

2,898,062

10,220

2,946,997

8,320

1,448,264

2,700

110,080

4,420

380,768

1,510

19,675

0

0

4,310

1,189

2,970

135,133

620

8,435

2,250

5,110

5,590

86,149

620

374

3,600

12,066

2,420

17,856

0

0

0

0

120

53

10,210

483,860

2,520

1,830

5,080

7,747

5,220

84,280

4,960

73,791

$500,000 under $1,000,000

1,770

310

1,410

40

4,570

1,201,264

1,770

1,220,743

1,350

377,470

530

42,541

1,310

298,004

490

7,434

0

0

570

160

920

72,111

270

10,785

630

1,637

1,180

43,175

80

63

30

54

550

5,536

0

0

0

0

0

0

1,770

267,707

710

1,922

1,560

11,331

900

52,934

870

47,277

$1,000,000 or more

1,320

230

1,020

20

3,140

7,860,736

1,320

7,883,439

940

726,167

440

44,284

1,100

880,206

420

7,095

0

0

250

67

950

609,082

470

106,466

460

8,399

960

188,181

40

21

0

0

470

9,984

0

0

0

0

0

0

1,320

1,995,591

550

5,650

1,240

175,438

540

191,152

770

269,597

Frequently Asked Questions

How does sales tax filing in Wyoming work?

Who is required to file sales tax returns?

Do I need to charge sales tax for online sales in Wyoming?

How often do I need to file sales tax returns in Wyoming?

What happens if I miss a sales tax filing deadline in Wyoming?

How can FlyFin CPAs help with sales tax in Wyoming?

Sales Tax in other Counties of Wyoming

What’s FlyFin?

FlyFin caters to the tax needs of freelancers, gig workers, independent contractors and sole proprietors. But anyone can file taxes through FlyFin! FlyFin tracks all your business expenses automatically using A.I. technology. Then, our CPA team files a guaranteed 100% accurate tax return for you – to save you a couple thousand dollars and a ton of time on your taxes. In addition, you can download the FlyFin app and have your taxes filed in less than fifteen minutes, saving time and money.
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