Iowa

Iowa’s Gold & Silver Bullion Tax Laws

The state of Iowa doesn’t levy taxes on the sale of gold, silver, and platinum bullion but it taxes capital gains. Iowa residents also pay United States federal capital gains taxes.

State Information

• Iowa is a state in the Midwestern region of the United States and is bordered by Wisconsin, Illinois, Missouri, Nebraska, South Dakota, and Minnesota.
• In 1846, Iowa became the 29^th state in the United States.
• The capital of Iowa is Des Moines. Other cities include Cedar Rapids, Davenport, Sioux City, and Iowa City.
• Iowa had a population of 3,190,369 in 2022.
• Iowa’s real gross domestic product (GDP) was $200.44 billion in 2023, while the median household income was $61,691 in 2022.
• Iowa’s economy is based primarily on finance, insurance, real estate, manufacturing, government and government enterprises, professional and business services, education, healthcare, and agriculture.

Economic and Personal Freedom Information

• Iowa ranks #20 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, Iowa ranks #34 in overall freedom, #31 in economic freedom, and #25 in personal freedom.
• Iowa ranks #34 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.