Dealerships warning Illinois residents about new tax on trade-in vehicles - Page 4

General » General Discussion

Site Notices

[ARCHIVED THREAD] - Dealerships warning Illinois residents about new tax on trade-in vehicles (Page 4 of 4)

Posted: 11/20/2019 2:17:34 PM EST

[#1]

Attached File

Posted: 11/20/2019 2:37:31 PM EST

[#2]

Quote History

Quoted:
Are you being purposely obtuse ?

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 .
https://www.AR15.Com/media/mediaFiles/223987/Screenshot_20191120-140241_png-1167770.JPG

Just because you get a "tax credit " for the first 10k didn't mean they aren't taxing trade in value .

Dont be disingenuous

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
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.

Are you being purposely obtuse ?

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 .
https://www.AR15.Com/media/mediaFiles/223987/Screenshot_20191120-140241_png-1167770.JPG

Just because you get a "tax credit " for the first 10k didn't mean they aren't taxing trade in value .

Dont be disingenuous

That article isn't worded very well.

There is NO new tax on the trade-in or anything else. Sales tax is on the sale price of the new car, exactly the same as it's always been.

The ONLY thing that's changing is the trade-in tax credit will be capped at $10K.

Posted: 11/20/2019 2:40:49 PM EST

[#3]

Quote History

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.

View Quote

There’s talk of taxing pensions and retirement plans of people who retire and move out of state.

Posted: 11/20/2019 2:47:48 PM EST

[#4]

Just think what they could do with just a little more of your money.

Posted: 11/20/2019 2:49:20 PM EST

[#5]

Quote History

Quoted:

The state will get the same money whether you trade or not. They will get tax on what you buy. The change takes away the tax credit for your trade amount. Instead of $30k new car - $10k trade value credit = pay tax on $20k difference, now you just pay on $30k regardless of trade.

View Quote

I think you are incorrect . So if am the owner of a 50K pickup that dad gave me in his will(inheritance so not taxed), and decide that i will drive it for 30 years , total tax paid on it is the annual registration tax, and the one time sales tax(3500 bucks ish at 6.25 %, yowza).

VS
I trade my truck in every 5 years for another 50K truck. (truck is a chevy so it depreciates FAST, only worth 25k after 5 years) , ill get taxed on the 50K purchase price even though my new 50k truck is only costing me 25k (25k trade in value + 25k payments). so taxes will be 3500 every 5 years.

At the end of 30 years(the only factory thing in the original chevy is the passenger side seat belt buckle and the ash tray, everything else if aftermarket at that point) the first truck has paid 3500+yearly registration fees, while second truck has paid 3500*6 + registration fees). It would seem that the state is incentivizing NOT trading OR buying a new vehicle. the price of them just skyrocketed, i would think that dealerships would HATE this, but mechanics would love it.

Posted: 11/20/2019 2:52:15 PM EST

[#6]

Another reason to leave. Fuck Illinois.

Posted: 11/20/2019 2:53:20 PM EST

[#7]

Quote History

Quoted:
File an ADA complaint?

View Quote View All Quotes

View All Quotes

Quote History

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!

Fun fact.

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.

Holy carp, that’s probably more per tank in State Fees and permits than we pay for building a whole fuel distribution terminal with a couple million bbls of storage

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.

File an ADA complaint?

Im not a lawyer, and pardon the pun but wouldn't the plaintif lack "standing". He needs to go to the local veterans home and buy a salty trump hat wearing vet a case of beer to do it(wheel chair required sadly).

Posted: 11/20/2019 2:55:34 PM EST

[#8]

They passed that shit?!?!

LOL!!!

Posted: 11/20/2019 3:06:15 PM EST

[#9]

Quote History

Quoted:

Your right every conservative should pack up and leave....have you figured out how to move thousands of acres of farm ground?

By all means keep thinking it can never happen in your state.

View Quote

I don't think it won't ever happen, but I'm sure as shit not going to give my money to some shithole lost cause communist state either.
I left one lost cause state, if this one becomes a lost cause I'll be out of here as well

Posted: 11/20/2019 3:15:37 PM EST

[#10]

Quote History

Quoted:
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.

View Quote

Problem is it's Chicago screwing everyone else in the state. Lots and lots of people in Chicago some have cars, so they don't care.

Posted: 11/20/2019 3:19:36 PM EST

[#11]

Worst state in the union for state and local taxes.

Posted: 11/20/2019 3:23:00 PM EST

[#12]

Quote History

Quoted:
Problem is it's Chicago screwing everyone else in the state. Lots and lots of people in Chicago some have cars, so they don't care.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
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.

Problem is it's Chicago screwing everyone else in the state. Lots and lots of people in Chicago some have cars, so they don't care.

It is actually ~10 to 12 counties that vote blue.

Posted: 11/20/2019 3:26:25 PM EST

[#13]

Quote History

Quoted:
Worst state in the union for state and local taxes.

https://www.AR15.Com/media/mediaFiles/202/Worst_Taxes_Capture_PNG-1167834.png

View Quote

Only going to get worse. Especially with the jelly belly governor.

Posted: 11/20/2019 3:32:58 PM EST

[#14]

Quote History

Quoted:

I don't think it won't ever happen, but I'm sure as shit not going to give my money to some shithole lost cause communist state either.
I left one lost cause state, if this one becomes a lost cause I'll be out of here as well

View Quote

If everyone quits fighting for our side and runs....eventually we’ll run out of places to go.

Posted: 11/20/2019 3:34:08 PM EST

[#15]

Quote History

Quoted:

Only going to get worse. Especially with the jelly belly governor.

View Quote

I’m willing to donate some greasy cheeseburgers....he looks like he’s only about 3 away from a heart attack

Posted: 11/20/2019 3:36:36 PM EST

[#16]

Quote History

Quoted:
I’m willing to donate some greasy cheeseburgers....he looks like he’s only about 3 away from a heart attack

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:

Only going to get worse. Especially with the jelly belly governor.

I’m willing to donate some greasy cheeseburgers....he looks like he’s only about 3 away from a heart attack

lol

It still boggles my mind that people voted for him knowing his tax plan.

Posted: 11/20/2019 4:15:39 PM EST

[#17]

Quote History

Quoted:

lol

It still boggles my mind that people voted for him knowing his tax plan.

View Quote

Blame the Unions that Rauner pissed off and the welfare class for fat boy getting elected. Rauner was too hard nosed and got nothing done and the Dems did a good job blaming him for everything. Here is hoping for a 4th governor going to jail.

Posted: 11/20/2019 4:19:34 PM EST

[#18]

Quote History

Quoted:
Blame the Unions that Rauner pissed off and the welfare class for fat boy getting elected. Rauner was too hard nosed and got nothing done and the Dems did a good job blaming him for everything. Here is hoping for a 4th governor going to jail.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:

lol

It still boggles my mind that people voted for him knowing his tax plan.

Blame the Unions that Rauner pissed off and the welfare class for fat boy getting elected. Rauner was too hard nosed and got nothing done and the Dems did a good job blaming him for everything. Here is hoping for a 4th governor going to jail.

Indeed.

Posted: 11/20/2019 4:27:43 PM EST

[#19]

Quote History

Quoted:
Shithole government. Lots of good people in the state that are just like the rest of rural midwest. Shitbags in Springfield and Chicago have ruined it.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
Shithole state.

Shithole government. Lots of good people in the state that are just like the rest of rural midwest. Shitbags in Springfield and Chicago have ruined it.

Yup.

I know some good farmers in the state. Damn shame.

Posted: 11/20/2019 4:37:17 PM EST

[#20]

Quote History

Quoted:
There’s talk of taxing pensions and retirement plans of people who retire and move out of state.

View Quote View All Quotes

View All Quotes

Quote History

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.

There’s talk of taxing pensions and retirement plans of people who retire and move out of state.

Won't go anywhere.

Posted: 11/20/2019 4:54:08 PM EST

[#21]

Quote History

Quoted:
The trade in value of a car doesn't represent a profit, it represents a loss.

Snip.

View Quote

That was my first thought.

Posted: 11/20/2019 4:56:21 PM EST

[#22]

Quote History

Quoted:
Shithole state.

View Quote

Posted: 11/20/2019 4:56:58 PM EST

[#23]

Quote History

Quoted:

Blame the Unions that Rauner pissed off and the welfare class for fat boy getting elected. Rauner was too hard nosed and got nothing done and the Dems did a good job blaming him for everything. Here is hoping for a 4th governor going to jail.

View Quote

Rauner was never going to get anything done that Madigan didn’t want done. Madigan is a stain on this state and his district should be ashamed (or worse) for keeping him in office.

Posted: 11/20/2019 5:25:39 PM EST

[#24]

Quote History

Quoted:
Worst state in the union for state and local taxes.

https://www.AR15.Com/media/mediaFiles/202/Worst_Taxes_Capture_PNG-1167834.png

View Quote

Where did that tax grid come from?

I find it hard to believe NJ is not in the top 5.

Posted: 11/20/2019 7:10:48 PM EST

[#25]

Quote History

Quoted:

Rauner was never going to get anything done that Madigan didn’t want done. Madigan is a stain on this state and his district should be ashamed (or worse) for keeping him in office.

View Quote

This