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Wyoming is America's Wealth-Friendliest State for Seventh Straight Year in Exclusive Ranking by Bloomberg Wealth Manager Magazine

NEW YORK, May 25 /PRNewswire/ -- When it comes to "wealth-friendliness," the Cowboy State is riding high.

Aided by a strong recovery out West, Wyoming has kept its top spot as America's most "wealth-friendly" state according to an exclusive annual ranking by Bloomberg Wealth Manager magazine released today.

Bloomberg Wealth Manager is Bloomberg's monthly magazine targeting the needs of financial planners and investment advisers who counsel the affluent.

In its seventh year atop the "wealth-friendly" chart, Wyoming reigns supreme when it comes to keeping the wealth in the hands of the breadwinners, not state government. A projected surplus of $1 billion over the next two years will likely continue the trend, Bloomberg Wealth Manager reports.

Other states earning high marks for "wealth-friendliness": Nevada (#2), Tennessee (#3), Alabama (#4), and Alaska (#5). The most "wealth-hostile," after Rhode Island, include Wisconsin (ranked #50 in wealth-friendliness), New York (#49), Vermont (#48), and Nebraska (#47).

For the annual "wealth-friendliness" survey, co-author Thomas Saler compared the impact of state taxes on salary, real estate, personal property, and retirement assets for four hypothetical families. The editors ran exhaustive research on tax codes and effects in each state.

Overall "Wealth Friendly" Ranking and Grade of All 50 States and District of Columbia

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin	4 5* 10 21 38* 5* 40 9 32 11 16 14 44 33 20 37 41 22* 8 45* 17 25 30 36 15 27 38* 47 2 12 45 24 49 35 34 43 28* 42 22 51 26 13 3 28* 19 48 18 7 31 50	A+ A A- B- D+ A D+ A- C A- B+ B+ D C- B D+ D B- A D- B C+ C C- B+ C+ D+ D- A+ A- D- B- F C- C- D C+ D B- F C+ B+ A+ C+ B D- B A C F
Wyoming	1	A+

*indicates tie

SOURCE Bloomberg Wealth Manager