The one-page solution to Wyoming's budget crisis
December 23, 2020
The legislature’s budget and fiscal staff recently prepared a very novel one-page document that merits the attention of every Wyoming lawmaker and citizen.
“Wyoming Estimated Tax Capacity” asks and answers a seemingly simple question: How much additional revenue could Wyoming raise if its tax rates equalled, on average, those of adjoining states?
The question may be straightforward enough, but calculating an answer required an extensive review of tax policies in neighboring states and an equally rigorous comparison with Wyoming’s. Sales and use taxes, property taxes and income tax...