North Carolina

North Carolina’s Gold & Silver Bullion Tax Laws

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

Legislative Developments

• In 2017, North Carolina exempted precious metals bullion from the state’s sales tax.

State Information

• North Carolina is a state in the Southeastern region of the United States and is bordered by Virginia, the Atlantic Ocean, South Carolina, Georgia, and Tennessee.
• In 1789, North Carolina became the 12^th state in the United States.
• The capital of North Carolina is Raleigh. Other cities include Charlotte, Greensboro, Durham, Winston-Salem, and Fayetteville.
• North Carolina had a population of 10,439,388 in 2020.
• North Carolina’s real gross domestic product (GDP) was $625.68 billion in 2023, while the median household income was $52,752 in 2020.
• North Carolina’s largest industries include finance, insurance, real estate, professional and business services, manufacturing, government and government enterprises, education, healthcare, retail trade, wholesale trade, information, and construction.

Economic and Personal Freedom Information

• North Carolina ranks #27 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, North Carolina ranks #24 in overall freedom, #26 in economic freedom, and #33 in personal freedom.
• North Carolina ranks #4 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.