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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

Wyoming

1

A+

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

*indicates tie

SOURCE Bloomberg Wealth Manager