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Posted: 11/19/2019 9:44:13 PM EDT
[#1]
Who determines value of the trade and the value of the car you trade it in on?
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Posted: 11/19/2019 9:50:07 PM EDT
[#2]
All part of the plan.
They have declared victory in these shit holes. The voters will continue to vote them in because the freeloaders far outnumber the producers. Now they are going to make it as uncomfortable as possible for the producers to stay, hence exporting them to more conservative states. Then the affordable housing plans sends them out to the conservative parts of town to overwhelm the vote there. Nothing will get better before it gets a lot worse. |
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Posted: 11/19/2019 9:50:15 PM EDT
[#3]
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: 11/19/2019 9:51:13 PM EDT
[#4]
Quote HistoryQuoted:
Who determines value of the trade and the value of the car you trade it in on? |
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Posted: 11/19/2019 9:52:45 PM EDT
[#5]
Quote HistoryQuoted:
What with the salt they use in winter would that be like 4-5 years? |
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Posted: 11/19/2019 10:01:11 PM EDT
[#6]
Get woke go broke applied to the state level too
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Posted: 11/19/2019 10:02:20 PM EDT
[#7]
Hey, the good people of Illinois voted the bums into office. They wanted tax and spend democrat politics.
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Posted: 11/19/2019 10:04:06 PM EDT
[#8]
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.
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Posted: 11/19/2019 10:04:45 PM EDT
[#9]
Quote HistoryQuoted: most cars are more resilient to salt now. |
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Posted: 11/19/2019 10:08:26 PM EDT
[#10]
Quote HistoryQuoted:
How so? Honest question since 2015 things have gotten stellar across the board much like how there was a noticeable improvement around the mid 00s |
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Posted: 11/19/2019 10:10:35 PM EDT
[#11]
I'm actually surprised it's taken Illinois this long to get with the program.
Virginia has had the same tax rules for awhile. I was slightly shocked when I heard about it. Pure, unadulterated bullshit. Pick up that can. |
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Posted: 11/19/2019 10:20:44 PM EDT
[#12]
Quote HistoryQuoted: most cars are more resilient to salt now. Rust is everything on everything. Even more if you drive gravel. Everything more than 4 years old we regularly repair rust. Hell any Ford trucks before 2015, Chevy's before 2014 and all Dodge or "Ram" trucks have rust everywhere. Ford went aluminum, Chevy rock guarded and waxed stuff and Dodge hasnt done jack crap. Rust belt rules all. |
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Posted: 11/19/2019 10:25:02 PM EDT
[#13]
Quote HistoryQuoted:
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. |
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Posted: 11/19/2019 10:28:34 PM EDT
[#14]
Quote HistoryQuoted:
 I'm guessing within 5 years they'll figure out a way to tax the people fleeing that shithole of a state. 
But doesn't NY do that also? |
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Posted: 11/19/2019 10:29:03 PM EDT
[#15]
Quote HistoryQuoted: most cars are more resilient to salt now. |
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Posted: 11/19/2019 10:36:10 PM EDT
[#16]
 Joe Bonamassa - "Taxman" - Live at The Cavern Club |
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Posted: 11/19/2019 10:58:44 PM EDT
[#17]
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: 11/19/2019 11:00:48 PM EDT
[#18]
Quote HistoryQuoted:
I wonder if they could beat the tax by buying/trading in Indiana? |
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Posted: 11/19/2019 11:06:55 PM EDT
[#19]
Quote HistoryQuoted:
There's a Z06 I have been looking at in IL but I think I'll pass. |
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Posted: 11/19/2019 11:08:34 PM EDT
[#20]
Quote HistoryQuoted:
Are their car tags a flat rate, or based on the worth of the vehicle? |
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Posted: 11/19/2019 11:34:43 PM EDT
[#21]
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: 11/19/2019 11:38:15 PM EDT
[#22]
Coming soon to a state near you...
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Posted: 11/19/2019 11:38:31 PM EDT
[#23]
Quote HistoryQuoted:
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 Quote HistoryQuoted:
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: 11/19/2019 11:41:33 PM EDT
[#24]
CT has a similar tax that should be starting around the same time.
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Posted: 11/19/2019 11:47:03 PM EDT
[#25]
So overall car sales will decline, and overall taxes that come in will decrease.
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Posted: 11/19/2019 11:52:08 PM EDT
[#26]
Anyone else think it's flawed being able to tax second hand goods? I mean the tax is already paid the first time.
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Posted: 11/19/2019 11:57:10 PM EDT
[#27]
It's not a new tax, it's the removal of a tax credit for the value of your trade. MD used to be this way, then added the credit ten or so years back. Also, the amount of taxes and .gov fees on a car purchase are factored based on where it will be registered. So a MD resident will pay the same taxes whether they buy a car in MD, VA, PA. Doc fees are charged based on where the dealer is located. So a MD dealer will usually charge $299, but a VA dealer will usually charge $699.
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Posted: 11/20/2019 12:04:49 AM EDT
[#28]
Is that even legal? Sounds like double taxation to me.
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Posted: 11/20/2019 12:07:40 AM EDT
[#29]
Quote HistoryQuoted:
Hey, the good people of Illinois voted the bums into office. They wanted tax and spend democrat politics.  /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 12:09:06 AM EDT
[#30]
Quote HistoryQuoted:
what ever the state decides Quote HistoryQuoted:
Quoted:
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 12:12:20 AM EDT
[#31]
Quote HistoryQuoted:
There's not going to be a tax on trade in vehicles, I'm not sure where you're getting that. The only thing that's changing is the existing TAX CREDIT for trade ins will be capped at $10K. |
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Posted: 11/20/2019 12:13:37 AM EDT
[#32]
Quote HistoryQuoted:
Wait until the Georgia republicans find out they can add taxes 
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Posted: 11/20/2019 12:14:48 AM EDT
[#33]
So, you get taxed when you buy it.
Again every year, to simply own it. Then yet again, when you SELL it, for the privilege of buying another, for which you will be taxed again. I guess there really is no line as to what's reasonable, anymore. |
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Posted: 11/20/2019 12:15:22 AM EDT
[#34]
Quote HistoryQuoted:
Pay the tax not once, but twice citizen! |
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Posted: 11/20/2019 12:16:42 AM EDT
[#35]
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 12:18:26 AM EDT
[#36]
that doesn’t seem like it would hold up in court. Seems like double taxation.
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Posted: 11/20/2019 12:20:20 AM EDT
[#37]
Quote HistoryQuoted:
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. |
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Posted: 11/20/2019 12:23:51 AM EDT
[#38]
Reminds me of the used car tax that passed here in GA a few years back. It basically took away all of the perks of buying via private sale. Every time a vehicle is sold, you are taxed on the government's value of the vehicle, not the price paid. Also, it's an all at once tax as opposed to the old ad valorem tax that was MUCH lower. Of course, the dealerships lobbied hard for this and got what they wanted. Gotta love it
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Posted: 11/20/2019 12:24:13 AM EDT
[#39]
Quote HistoryQuoted:
that doesn't seem like it would hold up in court. Seems like double taxation. |
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Posted: 11/20/2019 12:26:25 AM EDT
[#40]
Our forefathers would have already went past having a tea party to full on kill dozer.
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Posted: 11/20/2019 12:29:47 AM EDT
[#41]
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. Taxation as exists in this country is armed robbery, and you can't change my mind (honorable mention to extortion). |
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Posted: 11/20/2019 12:34:21 AM EDT
[#42]
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 12:43:59 AM EDT
[#43]
People will sell their cars and take $ to put down. Like cash for clunkers the used car market will get sparse. The state will not get that much tax money. Up next is taxing people for their mileage driven every year. Then someone will develop software that turns the odo off with the flick of a switch.
People with money arent stupid. |
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Posted: 11/20/2019 12:48:02 AM EDT
[#44]
Yeah it’s 100% a double tax and is bullshit. I hate this state
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Posted: 11/20/2019 8:53:06 AM EDT
[#45]
Quote HistoryQuoted:
People will sell their cars and take $ to put down. Like cash for clunkers the used car market will get sparse. The state will not get that much tax money. Up next is taxing people for their mileage driven every year. Then someone will develop software that turns the odo off with the flick of a switch. People with money arent stupid. |
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Posted: 11/20/2019 9:01:27 AM EDT
[#46]
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.
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Posted: 11/20/2019 10:25:34 AM EDT
[#47]
I'm sure it will be pissed away on more handouts rather than be put toward their huge underfunded public pensions liability.
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Posted: 11/20/2019 10:28:52 AM EDT
[#48]
Quote HistoryQuoted:
Wait until the Georgia republicans find out they can add taxes |
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Posted: 11/20/2019 10:35:37 AM EDT
[#49]
When you're bankrupt and still desperately need to spend money that you don't have, it creates a certain desperation where just about anything is possible.
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Posted: 11/20/2019 10:55:21 AM EDT
[#50]
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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