Florida

Florida’s Gold & Silver Bullion Tax Laws

The state of Florida levies taxes (6%) on the sale of gold, silver, and platinum bullion for orders below $500 but not for orders of $500 or more. United States Mint bullion products including American Gold Eagles, American Silver Eagles, and American Gold Buffalos are exempt from all state sales taxes, however. The state of Florida doesn’t tax capital gains, but residents must still pay United States federal capital gains taxes.

State Information

• Florida is in the Southeastern region of the United States and is bordered by Alabama, Georgia, the Gulf of Mexico, and the Atlantic Ocean.
• In 1845, Delaware became the 27^th state in the United States.
• The capital of Florida is Tallahassee. Other cities include Jacksonville, Miami, Tampa, Orlando, and St. Petersburg.
• Florida had a population of 22,610,726 in 2023.
• Florida’s real gross domestic product (GDP) was $1.28 trillion in 2023, while the median household income was $57,700 in 2023.
• Florida has a diversified economy based primarily on finance, insurance, real estate, professional and business services, government and government enterprises, education, healthcare, retail trade, wholesale trade, tourism, entertainment, and recreation.

Economic and Personal Freedom Information

• Florida ranks #10 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, Florida ranks #2 in overall freedom, #2 in economic freedom, and #22 in personal freedom.
• Florida ranks #14 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.