Sales tax is 4%, while use taxes vary from 4% to 6%. Other taxes include cigarette taxes, estate taxes, lodging taxes, severance taxes, railroad car tax, ad valorem taxes, and public utility assessments. Wyoming has no personal or corporate income tax.
The state collected $1.094 billion in taxes in 2002, of which 40.7% came from the general sales tax, 27.5% from severance taxes, 13.2% from property taxes, 9% from selective sales taxes, and 8.7% from corporate income taxes. In 2003, Michigan ranked 43rd among the states in terms of state and local tax burden, which amounted to about 8.5% of income.
The following table from the US Census Bureau provides a summary of taxes collected by the state in 2002.
|Sales and gross receipts||543,844||1,090.52|
|General sales and gross receipts||445,479||893.28|
|Selective sales taxes||98,365||197.24|
|Other selective sales||(X)||(X)|
|Hunting and fishing||26,050||52.24|
|Motor vehicle operators||2,570||5.15|
|Occupation and business, NEC||6,131||12.29|
|Corporation net income||(X)||(X)|
|Death and gift||9,901||19.85|
|Documentary and stock transfer||(X)||(X)|