Wyoming

Wyoming’s Gold & Silver Bullion Tax Laws

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

Legislative Developments

• In 2018, Wyoming passed the Wyoming Legal Tender Act, which recognizes precious metals bullion as legal tender and exempts it from state sales tax.

State Information

• Wyoming is a state in the Western United States that is bordered by Montana, South Dakota, Nebraska, Idaho, Utah, and Colorado.
• In 1890, Wyoming became the 44^th state in the United States.
• The capital of Wyoming is Cheyenne. Other cities include Casper, Gillette, Laramie, and Rock Springs.
• Wyoming had a population of 576,851 in 2020.
• Wyoming’s real gross domestic product (GDP) was $39.32 billion in 2023, while the median household income was $62,268 in 2020.
• Wyoming’s largest industries include government and government enterprises, mining, oil and gas extraction, finance, insurance, real estate, transportation and warehousing, professional and business service, manufacturing, and retail trade.

Economic and Personal Freedom Information

• Wyoming ranks #1 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, Wyoming ranks #16 in overall freedom, #9 in economic freedom, and #48 in personal freedom.
• Wyoming ranks #8 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.