South Dakota

South Dakota’s Gold & Silver Bullion Tax Laws

The state of South Dakota doesn’t levy taxes on the sale of gold, silver, and platinum bullion nor does it tax capital gains. South Dakota residents must pay United States federal capital gains taxes, however.

State Information

• South Dakota is a state in the North Central region of the United States and is bordered by North Dakota, Minnesota, Iowa, Nebraska, Wyoming, and Montana.
• In 1889, South Dakota became the 40^th state in the United States.
• The capital of South Dakota is Pierre. Other cities include Sioux Falls, Rapid City, and Aberdeen.
• South Dakota had a population of 909,824 in 2022.
• South Dakota’s real gross domestic product (GDP) was $56.31 billion in 2023, while the median household income was $56,521 in 2022.
• South Dakota’s largest industries include finance, insurance, real estate, education, healthcare, government and government enterprises, manufacturing, agriculture, professional and business services, retail trade, and wholesale trade.

Economic and Personal Freedom Information

• South Dakota ranks #2 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, South Dakota ranks #3 in overall freedom, #3 in economic freedom, and #21 in personal freedom.
• South Dakota ranks #7 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.