Wisconsin

Wisconsin’s Gold & Silver Bullion Tax Laws

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

Legislative Developments

• In 2024, Wisconsin exempted precious metals bullion from the state’s sales tax.

State Information

• Wisconsin is a state in the Upper Midwest region of the United States and is bordered by Minnesota, Iowa, Illinois, Lake Michigan, Michigan, and Lake Superior.
• In 1848, Wisconsin became the 30^th state in the United States.
• The capital of Wisconsin is Madison. Other cities include Milwaukee, Green Bay, Kenosha, Racine, Appleton, and Waukesha.
• Wisconsin had a population of 5,893,718 in 2020.
• Wisconsin’s real gross domestic product (GDP) was $336.46 billion in 2023, while the median household income was $64,168 in 2020.
• Wisconsin’s largest industries include finance, insurance, real estate, manufacturing, professional and business services, government and government enterprises, education, healthcare, retail trade, and wholesale trade.

Economic and Personal Freedom Information

• Wisconsin ranks #44 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, Wisconsin ranks #37 in overall freedom, #38 in economic freedom, and #13 in personal freedom.
• Wisconsin ranks #21 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.