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Posted: 11/20/2019 10:57:46 AM EDT
[#1]
It's even better. In Illinois, if you get a great deal on a car, you pay tax on the "fair market value" of that car, not the price you paid for it.
Fuck Illinois' government. |
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Posted: 11/20/2019 11:00:01 AM EDT
[#2]
Quote HistoryQuoted:
It simply amazing me with how that state come sup with new ways to tax people. I'm guessing within 5 years they'll figure out a way to tax the people fleeing that shithole of a state. |
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Posted: 11/20/2019 11:13:51 AM EDT
[#3]
Quote HistoryQuoted: http://apps.chicagotribune.com/election_results_geography_president/ai/ai2html-output/big-map-winner-mobile.png https://thumbnails.texastribune.org/ZVE_XPwobTDgeI4i0rPcFAIfig0=/850x570/smart/filters:quality(80)/https://static.texastribune.org/media/images/2016/11/10/TX2016-county-results.png Don't get too comfortable, Tex. |
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Posted: 11/20/2019 11:17:09 AM EDT
[#4]
They gonna raise their license fees and fines too?
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Posted: 11/20/2019 11:26:01 AM EDT
[#5]
Quote HistoryQuoted:
Taxed when you buy it. Taxed when you possess it. Taxed when you sell it. Quote HistoryQuoted:
Quoted:
Pay the tax not once, but twice citizen! Taxed when you possess it. Taxed when you sell it. |
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Posted: 11/20/2019 11:41:53 AM EDT
[#6]
Quote HistoryQuoted:
It simply amazing me with how that state come sup with new ways to tax people. I'm guessing within 5 years they'll figure out a way to tax the people fleeing that shithole of a state. Surprised they don't. |
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Posted: 11/20/2019 11:45:25 AM EDT
[#7]
Quote HistoryQuoted:
They gonna raise their license fees and fines too? ETA: I think they raised registration fees on EVs to $250/ year |
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Posted: 11/20/2019 11:46:17 AM EDT
[#8]
Quote HistoryQuoted:
We literally got run out of our building. $2400 a week fine for not having handicap accessible doors. $700 a week fine for not having a handicap accessible bathroom. $40 a day business license fee late fee. (Even though we’re an Ohio company.) There is other things I’m forgetting. But we tossed the keys to the land lord and said have fun. They targeted us, not wanting us around. Not a damn thing has been updated in the building since we left. But the company who owns it, upfits all the cars for Chicago PD and the surrounding areas. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
We tax you on the money you make at your job to buy the vehicle. We tax you when you use the money you were taxed to buy a vehicle. We tax you to license the vehicle that you were taxed twice over now. We tax you to use the highway system for the vehicle that you were taxed over 3? times now. We tax you for the gasoline the you've been taxed 4? or 5? times over to use. We now tax you when your vehicle is worn out and you trade it in on a new vehicle, which you will be taxed on. Illinois is still deep in the red. Land of Lincoln! Cook county has a tax, a licensing department and inspection department for bulk oil tanks. For new customers it was in excess of $1000 a tank depending on size. $2400 a week fine for not having handicap accessible doors. $700 a week fine for not having a handicap accessible bathroom. $40 a day business license fee late fee. (Even though we’re an Ohio company.) There is other things I’m forgetting. But we tossed the keys to the land lord and said have fun. They targeted us, not wanting us around. Not a damn thing has been updated in the building since we left. But the company who owns it, upfits all the cars for Chicago PD and the surrounding areas. 
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Posted: 11/20/2019 11:49:32 AM EDT
[#9]
So........don’t trade it in. Sell it to a private party. How would they know ?
Take the cash, use it on a down payment for the next ride you buy, new or used. |
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Posted: 11/20/2019 11:57:25 AM EDT
[#10]
Just when I think there’s nothing more I could possibly hate about this state....they find a way to raise the bar.
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Posted: 11/20/2019 12:11:02 PM EDT
[#11]
Quote HistoryQuoted:
Exactly this! Quote HistoryQuoted:
Quoted: http://apps.chicagotribune.com/election_results_geography_president/ai/ai2html-output/big-map-winner-mobile.png https://thumbnails.texastribune.org/ZVE_XPwobTDgeI4i0rPcFAIfig0=/850x570/smart/filters:quality(80)/https://static.texastribune.org/media/images/2016/11/10/TX2016-county-results.png Don't get too comfortable, Tex. |
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Posted: 11/20/2019 12:15:22 PM EDT
[#12]
The trade in value of a car doesn't represent a profit, it represents a loss.
Look for New York State to adopt a similar tax. |
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Posted: 11/20/2019 12:17:55 PM EDT
[#13]
Death and taxes
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Posted: 11/20/2019 12:18:35 PM EDT
[#14]
Best thing I ever did, was leaving that state and not looking back.
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Posted: 11/20/2019 12:18:43 PM EDT
[#15]
So no more trade-ins in Illinois. Smart dealerships will just break up the transactions to different corporate entities. Open separate corps outside the state who will have an in-state "inspection service" company to advise the out of state company on their remote purchase and a transport company who takes (theoretically) the vehicle to the trade-in buying corporation registered and domiciled outside IL. The net cost of restructuring the deals will be WAY less than paying a 6% tax.
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Posted: 11/20/2019 12:20:10 PM EDT
[#16]
Quote HistoryQuoted:
Hey, the good people of Illinois voted the bums into office. They wanted tax and spend democrat politics. |
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Posted: 11/20/2019 12:22:11 PM EDT
[#17]
Quote HistoryQuoted:
Sales tax will be charged on the sale price of the vehicle you're buying, same as always. There's not going to be an additional tax on your trade in. In the past there's been a tax credit for the entire trade in value, that credit will be capped at $10K after this year. Quote HistoryQuoted:
Quoted:
The way the article is written I can't tell if you only pay tax on the used car value or if you pay for the difference and the trade in value which means there is no tax benefit to trading in. In the past there's been a tax credit for the entire trade in value, that credit will be capped at $10K after this year. And don't get me wrong, I'm not defending it as I think we're all already taxed way to much, but it took me literally 10 seconds on Google to educate myself on the topic before I replied to this thread. The world would be a better place if people commenting on shit online actually knew WTF they were talking about. Just like idiots pushing gun control that know nothing about how guns work, current gun purchasing laws, or anything else related to the gun community. |
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Posted: 11/20/2019 12:26:12 PM EDT
[#18]
Quote HistoryQuoted:
We tax you on the money you make at your job to buy the vehicle. We tax you when you use the money you were taxed to buy a vehicle. We tax you to license the vehicle that you were taxed twice over now. We tax you to use the highway system for the vehicle that you were taxed over 3? times now. We tax you for the gasoline the you've been taxed 4? or 5? times over to use. We now tax you when your vehicle is worn out and you trade it in on a new vehicle, which you will be taxed on. There's your answer. |
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Posted: 11/20/2019 12:26:44 PM EDT
[#19]
All in all this is going to hurt the dealerships and the morons who trade vehicles in too often. I keep my trucks until they are 8-9 years old. Then I trade it in on a new truck and deduct 100% off my taxes for buying a work truck.
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Posted: 11/20/2019 12:27:21 PM EDT
[#20]
Quote HistoryQuoted:
Good for their stupid residents who voted for shit like that by electing shit bag pols. No sympathy for people who stay in places like that. |
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Posted: 11/20/2019 12:28:16 PM EDT
[#21]
Quote HistoryQuoted:
I wonder if they could beat the tax by buying/trading in Indiana? |
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Posted: 11/20/2019 12:35:05 PM EDT
[#22]
Quote HistoryQuoted:
And where are you fleeing? Quote HistoryQuoted:
Quoted:
 . 11 more days and I am out forever!!! |
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Posted: 11/20/2019 12:41:56 PM EDT
[#23]
Quote HistoryQuoted:
Who determines value of the trade and the value of the car you trade it in on? |
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Posted: 11/20/2019 12:43:40 PM EDT
[#24]
Quote HistoryQuoted:
Shithole state. |
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Posted: 11/20/2019 12:50:18 PM EDT
[#25]
Quote HistoryQuoted:
Is that even legal? Sounds like double taxation to me. They are basically wealth taxes. You own something of value, we will tax it and get a part of it each year. It doesn't matter if it is a car or piece of land. We will have our piece and it will satisfy us or you will be targeted. |
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Posted: 11/20/2019 12:54:07 PM EDT
[#26]
Quote HistoryQuoted:
Yep. GA now strongly discourages selling your car for a new one. Drive it into the ground, and pollute the air in Atlanta more. Quote HistoryQuoted:
Quoted:
In Georgia they changed the law 8-10 years ago on car sales. Prior to the law change, you could buy a used car from an individual and you didn't have to pay sales tax at all. There was a huge market for used cars sold by individuals. The new law in Georgia is you pay a tax when you get your car tag. So it doesn't matter how or where you buy your car, when you get the tag transferred, you pay the 7% tax. The problem? People don't trade in as much now. Why spend thousands in taxes just to get a new car? The state has noticed that they are not making as much as they used to make as people did not continue buying cars as fast as they used to buy them. Result: The state of Georgia is now considering going back and adding a yearly ad valorum in addition to the sales tax charge. Note: This is with Republicans in charge. Wait until some liberal gets into office. |
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Posted: 11/20/2019 12:54:57 PM EDT
[#27]
Quote HistoryQuoted:
Is double taxation unconstitutional? Quote HistoryQuoted:
Quoted:
that doesn't seem like it would hold up in court. Seems like double taxation. |
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Posted: 11/20/2019 12:58:04 PM EDT
[#28]
Quote HistoryQuoted:
a tax on a tax on a tax on a tax .... the government are masters at taxing a citizens dollar, the same dollar, as many times as they absolutely can until that dollar isn't worth a dollar anymore. You pay taxes upon the income you earn when you earn it. Then you pay taxes upon your SS income (up to 85% of SS income) if you have a side gig Then you pay taxes upon what you have accumulated as part of your estate if the level is high enough. Democrats want to lower it a lot! Simple version of the triple tax. It is actually worse, but I don't want to depress you too badly. |
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Posted: 11/20/2019 12:59:28 PM EDT
[#29]
So if you trade in your car, and the dealer gives you money for it to put toward another car, the state taxes that trade-in value?
Lol. |
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Posted: 11/20/2019 1:01:26 PM EDT
[#30]
We're in the market for a new car. Looks like I'll be shopping in IL, the dealers are going to hurting for months and really looking to deal.
lemons, lemonade and all that. |
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Posted: 11/20/2019 1:01:34 PM EDT
[#31]
Quote HistoryQuoted:
GA already leads the country in bullshit vehicle taxes. Quote HistoryQuoted:
Quoted:
Wait until the Georgia republicans find out they can add taxes You pay the tax when you get the car. You pay the tax each year when you register the car at a rate 4 or 5 times the rest of the country You then have to prove your car is smog acceptable once every two years..... by the way there is no limit on what you have to pay in order to get it to pass.... They are at state certified stations so they have no urgency to get you to pass. You then pay for a certificate ( think tax ) to get your car registered once again. That is before the "safety checks" the police hold on a regular basis to check and ticket your car. Goal is 100% of vehicles going through the check point get a ticket. This is before insurance, etc |
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Posted: 11/20/2019 1:01:47 PM EDT
[#32]
Quote HistoryQuoted: Fucking ignorant statement. Cook county and st Clair county voted this in. The good people of Illinois voted for Rauner. Look at a map and know what you talk about before you type. What’s funny / sad is people in other states don’t believe it can happen to them....VA should be a wake up call. |
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Posted: 11/20/2019 1:03:40 PM EDT
[#33]
Quote HistoryQuoted:
Holy shit balls...Everywhere there is a city it's blue. That's pretty amazing...and sad. Quote HistoryQuoted:
Quoted:
Quoted: http://apps.chicagotribune.com/election_results_geography_president/ai/ai2html-output/big-map-winner-mobile.png https://thumbnails.texastribune.org/ZVE_XPwobTDgeI4i0rPcFAIfig0=/850x570/smart/filters:quality(80)/https://static.texastribune.org/media/images/2016/11/10/TX2016-county-results.png Don't get too comfortable, Tex. |
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Posted: 11/20/2019 1:05:50 PM EDT
[#34]
Quote HistoryQuoted:
People don’t understand that our entire state is ran by a few counties....I have exactly zero control over the shit bags other districts put into office. My district is solid red.... What’s funny / sad is people in other states don’t believe it can happen to them....VA should be a wake up call. Quote HistoryQuoted:
Quoted: Fucking ignorant statement. Cook county and st Clair county voted this in. The good people of Illinois voted for Rauner. Look at a map and know what you talk about before you type. What’s funny / sad is people in other states don’t believe it can happen to them....VA should be a wake up call. |
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Posted: 11/20/2019 1:09:05 PM EDT
[#35]
Never understood why you got a trade in credit when selling a used car to a dealer. They do that here too, don't get it private party, why should dealers get a 10% price advantage to subsidize their low-ball trade-in offers?
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Posted: 11/20/2019 1:09:23 PM EDT
[#36]
Quote HistoryQuoted: What a horrible state. It seems like the only way to deal with that if one had to live there is to keep a vehicle until it has little to no value. Something I would think the dealers would not like. I can't see how that is even legal and hope it gets challenged in court. |
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Posted: 11/20/2019 1:13:38 PM EDT
[#37]
Quote HistoryQuoted: Fucking ignorant statement. Cook county and st Clair county voted this in. The good people of Illinois voted for Rauner. Look at a map and know what you talk about before you type. |
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Posted: 11/20/2019 1:25:45 PM EDT
[#38]
Quote HistoryQuoted:
Don't be that fucking stupid. Do you realize that Cook county and the city of Chicago's population is double the whole rest of the mainly conservative state! That is right south of I80 really has little to no say in the laws put upon us. But at least we don't marry our daughters here like that WV dude!   Californians and new Yorkers say the same thing, like it's some kind of free pass or badge of honor. Whatever. You still live there, and by virtue of your being a good citizen/subject you are indirectly supporting the very people/cities/state that keep this cycle going. I'd much rather live in a state where hillbillies kill their daughters boyfriend's and marry them than supporting an oppressive and crooked state with it's snakebed political machine by telling myself "they don't represent me!!" Sounds alot like not my president. |
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Posted: 11/20/2019 1:28:48 PM EDT
[#39]
And to think, our founding fathers went to war over this BS. And we're just spiting in there faces when Bid government makes new taxes like this
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Posted: 11/20/2019 1:31:54 PM EDT
[#40]
Quote HistoryQuoted:
It simply amazing me with how that state come sup with new ways to tax people. I'm guessing within 5 years they'll figure out a way to tax the people fleeing that shithole of a state. |
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Posted: 11/20/2019 1:36:03 PM EDT
[#41]
They also just voted to take downstate police and fire pensions and consolidate them into state run funds......you know, to protect them from our mismanagement. Of course the bill they voted on allows the state to borrow from the fund to pay for public works projects but they certainly won't abuse that at all.
So now our 80% funded program gets merged into neighboring department plans that are under 20% funded that can be spent freely on unnecessary repaving contracts for Chicago area contractors who donate to the right campaigns. Oh and the guy who wrote the bill to merge just announced his resignation from office conveniently after the FBI set up office in Springfield again for another corruption probe. Illinois......it's a great place to raise a family. |
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Posted: 11/20/2019 1:38:39 PM EDT
[#42]
Quote HistoryQuoted:
We tax you on the money you make at your job to buy the vehicle. We tax you when you use the money you were taxed to buy a vehicle. We tax you to license the vehicle that you were taxed twice over now. We tax you to use the highway system for the vehicle that you were taxed over 3? times now. We tax you for the gasoline the you've been taxed 4? or 5? times over to use. We now tax you when your vehicle is worn out and you trade it in on a new vehicle, which you will be taxed on. Illinois is still deep in the red. Land of Lincoln! |
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Posted: 11/20/2019 1:40:04 PM EDT
[#43]
Quote HistoryQuoted:
I wonder if they could beat the tax by buying/trading in Indiana? Sales tax on vehicles bought out of state is collected at the DMV when you register the vehicle. |
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Posted: 11/20/2019 1:41:05 PM EDT
[#44]
Quote HistoryQuoted:
I've heard it's being actively discussed now. Many of the cities in Illinois (Naperville, among many others) already have an "exit" tax for when you sell your home and don't buy another one in the same city. Quote HistoryQuoted:
Quoted:
It simply amazing me with how that state come sup with new ways to tax people. I'm guessing within 5 years they'll figure out a way to tax the people fleeing that shithole of a state. |
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Posted: 11/20/2019 1:41:34 PM EDT
[#45]
Quote HistoryQuoted:
It simply amazing me with how that state come sup with new ways to tax people. I'm guessing within 5 years they'll figure out a way to tax the people fleeing that shithole of a state. Not kidding. |
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Posted: 11/20/2019 1:44:14 PM EDT
[#46]
Quote HistoryQuoted:
Hey, the good people of Illinois voted the bums into office. They wanted tax and spend democrat politics. 
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Posted: 11/20/2019 2:10:13 PM EDT
[#47]
Quote HistoryQuoted: Yeah? Californians and new Yorkers say the same thing, like it's some kind of free pass or badge of honor. Whatever. You still live there, and by virtue of your being a good citizen/subject you are indirectly supporting the very people/cities/state that keep this cycle going. I'd much rather live in a state where hillbillies kill their daughters boyfriend's and marry them than supporting an oppressive and crooked state with it's snakebed political machine by telling myself "they don't represent me!!" Sounds alot like not my president. By all means keep thinking it can never happen in your state. |
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Posted: 11/20/2019 2:58:18 PM EDT
[#48]
Fuck leftists...
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Posted: 11/20/2019 3:00:04 PM EDT
[#49]
Quote HistoryQuoted:
In Georgia they changed the law 8-10 years ago on car sales. Prior to the law change, you could buy a used car from an individual and you didn't have to pay sales tax at all. There was a huge market for used cars sold by individuals. The new law in Georgia is you pay a tax when you get your car tag. So it doesn't matter how or where you buy your car, when you get the tag transferred, you pay the 7% tax.
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Posted: 11/20/2019 3:07:00 PM EDT
[#50]
Quote HistoryQuoted:
Yeah, this. Not like some people in this thread were saying that they were going to charge tax on the full sales price of the new vehicle, and now add some new tax on the value of the trade-in. That wouldn't even make sense. It's just that they capped the trade-in credit at 10k, you know, to target only the "wealthy". And don't get me wrong, I'm not defending it as I think we're all already taxed way to much, but it took me literally 10 seconds on Google to educate myself on the topic before I replied to this thread. The world would be a better place if people commenting on shit online actually knew WTF they were talking about. Just like idiots pushing gun control that know nothing about how guns work, current gun purchasing laws, or anything else related to the gun community. The reason people don't know wtf they're reading is because in normal places I don't have to pack sales tax on the car I trade in. Oh wait you said Illinois doesn't do that. Google says you're wrong .  Attached FileJust because you get a "tax credit " for the first 10k didn't mean they aren't taxing trade in value . Dont be disingenuous |
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