Kansas

Kansas’s Gold & Silver Bullion Tax Laws

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

Legislative Developments

• In 2019, Kansas exempted gold and silver bullion, and other precious metals, from the state sales tax.

State Information

• Kansas is a state in the Midwestern region of the United States and is bordered by Nebraska, Missouri, Oklahoma, and Colorado.
• In 1861, Kansas became the 34th state in the United States.
• The capital of Kansas is Topeka. Other cities include Wichita, Overland Park, Kansas City, Olathe, and Lawrence.
• Kansas had a population of 2,940,865 in 2020.
• Kansas’s real gross domestic product (GDP) was $182.35 billion in 2023, while the median household income was $64,124 in 2021.
• Kansas’s economy is based primarily on finance, insurance, real estate, manufacturing, government and government enterprises, professional and business services, education, healthcare, information, wholesale trade, and retail trade.

Economic and Personal Freedom Information

• Kansas ranks #26 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, Kansas ranks #25 in overall freedom, #25 in economic freedom, and #37 in personal freedom.
• Kansas ranks #27 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.