Economic Performance Rank 6 (1=best; 50=worst): Based on the

4 Wyoming
Economic Outlook Rank

Economic Outlook Rank (1=best; 50=worst): A forward-looking

state’s performance (equal-weighted average) in the three important forecast based on the state’s standing (equal-weighted average) in the
performance variables shown below. These variables are highly 16 important state policy variables shown below. Data reflect
influenced by state policy. state+local rates and revenues and any effect of federal deductability.

1) Personal Income Per Capita 1) Top Marginal Personal Income

Cumulative Growth, 1996-2006: 86.1% Rank: 1st Tax Rate: 0.00% Rank: 1st
WY (yr/yr) U.S. (yr/yr)
12% 2) Top Marginal Corporate Income
10%
Tax Rate: 0.00% Rank: 1st

8% 3) Personal Income Tax Progressivity:

6% (change in tax liability per $1,000 income) $0.00 Rank: 2nd
4%
4) Property Tax Burden:
2% (per $1,000 of personal income) $40.13 Rank: 40th
0%
5) Sales Tax Burden:
1Q97

1Q98

1Q99

1Q00

1Q01

1Q02

1Q03

1Q04

1Q05

1Q06

(per $1,000 of personal income) $35.53 Rank: 42nd

6) Remaining Tax Burden:

2) Absolute Domestic Migration, (per $1,000 of personal income) $15.62 Rank: 8th
Cumulative, 1997-2006: -6,450 Rank: 27th
WY (annual; + = inflow, - = outflow; international moves excluded) 7) Estate/Inheritance Tax
4,000 Levied?: No Rank: 1st
3,000

2,000
8) Recent Legislated Tax Changes:
(2005 and 2006, per $1,000 of personal income) -$1.98 Rank: 6th
1,000

0 9) Debt Service as a % of
-1,000 Total Tax Revenue: 4.7% Rank: 1st
-2,000
10) Public Employees Per 10,000
-3,000 of Population (full-time equivalent): 889.4 Rank: 50th
-4,000
97 98 99 00 01 02 03 04 05 06 11) State Liability System Survey:
(tort litigation treatment, judicial impartiality, etc.) 64.7 Rank: 22nd
3) Non-farm Payroll Employment
Cumulative Growth, 1996-2006: 25.1% Rank: 6th 12) State Minimum Wage:
WY (yr/yr) U.S. (yr/yr) (federal floor is $5.85) $5.85 Rank: 1st
6%
5% 13) Avg. Workers' Compensation Costs:
4% (per $100 of payroll) $2.40 Rank: 23rd
3%
14) Right-To-Work State?:
2%
(optional joining or supporting of a union) Yes Rank: 1st
1%
0% 15) Number of Tax Expenditure Limits:
-1% (0=least/worst, 3=most/best) 0 Rank: 29th
-2%
16) Education Freedom Index Score:
1Q97

1Q98

1Q99

1Q00

1Q01

1Q02

1Q03

1Q04

1Q05

1Q06

(vouchers, ease of private/home schooling, etc.) 1.79 Rank: 28th

American Legislative Exchange Council 2007 105