Pennsylvania

Pennsylvania’s Gold & Silver Bullion Tax Laws

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

State Information

• Pennsylvania is a state in the Northeastern region of the United States and is bordered by Delaware, Maryland, West Virginia, Ohio, Lake Erie, New York, New Jersey, and Canada.
• In 1787, Pennsylvania became the 2^nd state in the United States.
• The capital of Pennsylvania is Philadelphia. Other cities include Pittsburgh, Allentown, Reading, Erie, Scranton, and Bethlehem.
• Pennsylvania had a population of 13,002,700 in 2020.
• Pennsylvania’s real gross domestic product (GDP) was $789.5 billion in 2023, while the median household income was $68,957 in 2020.
• Pennsylvania’s largest industries include finance, insurance, real estate, professional and business services, education, healthcare, manufacturing, government and government enterprises, information, retail trade, and wholesale trade.

Economic and Personal Freedom Information

• Pennsylvania ranks #32 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, Pennsylvania ranks #18 in overall freedom, #16 in economic freedom, and #34 in personal freedom.
• Pennsylvania ranks #35 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.