Mississippi

Mississippi’s Gold & Silver Bullion Tax Laws

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

Legislative Developments

• In 2023, Mississippi exempted precious metals bullion from the state sales tax.

State Information

• Mississippi is a state in the Southern region of the United States and is bordered by Tennessee, Alabama, the Gulf of Mexico, Louisiana, and Arkansas.
• In 1817, Mississippi became the 20^th state in the United States.
• The capital of Mississippi is Jackson. Other cities include Gulfport, Southaven, Hattiesburg, Biloxi, Olive Branch, Tupelo, Meridian, and Greenville.
• Mississippi had a population of 2,963,914 in 2020.
• Mississippi’s real gross domestic product (GDP) was $114.95 billion in 2023, while the median household income was $43,567 in 2023.
• Mississippi’s economy is based primarily on government and government enterprises, finance, insurance, real estate, manufacturing, education, healthcare, professional and business services, and retail trade.

Economic and Personal Freedom Information

• Mississippi ranks #16 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, Mississippi ranks #40 in overall freedom, #36 in economic freedom, and #45 in personal freedom.
• Mississippi ranks #18 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.