Anyone who has ever taken the plunge into bullion and precious metals investment understands the conditions that come with such a purchase. There may be several important taxes and regulations to know about, depending on where you live. Here’s all you need to know about investing in bullion or precious metals in the state of Mississippi.
Mississippi Sales Tax
Unlike some states, Mississippi requires a state sales tax for bullion. The current statewide rate is 7%, but that percentage may rise depending on additional local taxes.
Mississippi Capital Gains Tax
All U.S. states must charge a federal gains tax. Your rate will depend on your income; however, the highest rate possible is 28%.
A truly diversified portfolio includes precious metals, so when you're planning for retirement, consider adding qualified bullion to your Self Directed IRA. Contact us to get started or visit our Precious Metals IRA page to learn how you can invest.
Looking for a Local Coin Show?
We attend a number of coin shows throughout the country each year. Here's where and when you'll find us at an expo near you.
Want to Join a Coin Club in Mississippi?
Coin clubs are an excellent way to get to know others in your area who share your enthusiasm for coins, bullion, and investing in precious metals. Check out our list of Mississippi coin clubs to find one near you.
Want to Buy Coins Locally?
Looking for somewhere nearby where you can purchase coins or other precious metal items? Check out our coin shop directory to find a place to buy coins near you.
Do you know 20 facts about Mississippi?
A quintessential southern state, Mississippi’s role in American history and culture has lasted for centuries. Continue reading to learn 20 interesting facts about our 20th state.