Connecticut

Connecticut’s Gold & Silver Bullion Tax Laws

The state of Connecticut levies taxes (6.35%) on the sale of gold, silver, and platinum bullion for orders below $1,000 but not for orders of $1,000 or more. Connecticut also taxes capital gains on bullion. Connecticut residents must also pay United States federal capital gains taxes on bullion.

State Information

• Connecticut is in the New England region of the United States and is bordered by Rhode Island, Massachusetts, and New York.
• In 1788, Connecticut became the 5^th state in the United States.
• The capital of Connecticut is Hartford. Other cities include Bridgeport, Stamford, New Haven, Hartford, Waterbury, Norwalk, Danbury, and New Britain.
• Connecticut had a population of 3,605,944 in 2020.
• Connecticut’s real gross domestic product (GDP) was $282.48 billion in 2023, while the median household income was $79,900 in 2020.
• Connecticut has a diversified economy based primarily on finance, insurance, real estate, professional and business services, manufacturing, education, healthcare, government and government enterprises, information, retail trade, and wholesale trade.

Economic and Personal Freedom Information

• Connecticut ranks #41 on the Sound Money Index that ranks states based on their friendliness toward gold and silver bullion.
• According to the Freedom in the 50 States report, Connecticut ranks #33 in overall freedom, #33 in economic freedom, and #16 in personal freedom.
• Connecticut ranks #40 on the Rich States, Poor States index, which evaluates states based on economic competitiveness by considering tax and regulatory burdens, as well as labor policies.