Texas

Texas’s Gold & Silver Bullion Tax Laws

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

State Information

• Texas is a state in the South Central region of the United States and is bordered by Louisiana, Arkansas, Oklahoma, New Mexico, and Mexico.
• In 1845, Texas became the 28th state in the United States.
• The capital of Texas is Austin. Other cities include Houston, San Antonio, Dallas, Fort Worth, El Paso, Arlington, and Corpus Christi.
• Texas had a population of 30,503,301 in 2023.
• Texas’s real gross domestic product (GDP) was $2.03 trillion in 2023, while the median household income was $66,963 in 2023.
• Texas’s largest industries include finance, insurance, real estate, professional and business services, manufacturing, government and government enterprises, wholesale trade, education, healthcare, oil and gas extraction, and retail trade.

Economic and Personal Freedom Information

• Texas ranks #6 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, Texas ranks #17 in overall freedom, #6 in economic freedom, and #50 in personal freedom.
• Texas ranks #6 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.