New York

New York’s Gold & Silver Bullion Tax Laws

The state of New York levies taxes (4%) on the sale of gold, silver, and platinum bullion for orders below $1,000 but not for orders of $1,000 or more. New York also taxes capital gains on bullion. New York residents must also pay United States federal capital gains taxes on bullion.

State Information

• New York is a state in the Northeastern region of the United States and is bordered by New Jersey, the Atlantic Ocean, Canada and the Great Lakes.
• In 1788, New York became the 11^th state in the United States.
• The capital of New York is Albany. Other cities include New York City, Hempstead, Brookhaven, Buffalo, Rochester, and Ithaca.
• New York had a population of 19,571,216 in 2023.
• New York’s real gross domestic product (GDP) was $1.78 trillion in 2023, while the median household income was $75,200 in 2023.
• New York’s largest industries include finance, insurance, real estate, professional and business services, information, government and government enterprises, education, healthcare, arts, entertainment, recreation, accommodation, and retail trade.

Economic and Personal Freedom Information

• New York ranks #29 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, New York ranks #50 in overall freedom, #50 in economic freedom, and #30 in personal freedom.
• New York ranks #50 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.