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Lawdog Dago Dom

We will tax PARKING!!

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Making no effort to stop the stream of taillights leaving Illinois, the state will now tax parking.

No spending cuts, though.

Happy New Year 2020.

 

https://edgarcountywatchdogs.com/2019/11/new-illinois-tax-paid-parking-lots-must-be-licensed-and-pay-tax/

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Howdy,

So you haven't heard the latest. Illinois   why are we still here?

Now if you buy a new car for say 35000, you get a deduction on

your trade, say 20000 so you pay tax on 15000.

Remember you already paid tax on the car you are trading in, right?

after jan 1 2020 the deduct limit will be 10000.

So you pay tax on 35000 less 10000 or 25000.

And the difference get worse on say a corvette or some other fun car.

I wouldn't want to be selling nice cars next year.

People who trade every year or two to avoid repairs get really ……..

Best

CR

 

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Oregon’s legislators, in their infinite wisdom, voted in a “luxury tax” a year or so ago in which you pay a percentage of the buying price when you buy a new vehicle, not just a car. A vehicle of any kind. Not sure about bicycles. If you buy it out of state, the tax gets added to your vehicle registration fee, which I think is already higher than it should be. Once again, greed knoweth no bounds...

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Well this new tax really sucks for all our Illinois pards, and I'm glad that I don't live there but, I after reading the topic I thought that it was going to be something even worse than this..........

 

...... I immediately thought they were going to put a tax on "parking", as in up on Lovers Lane :ph34r:

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Oregon’s legislators, in their infinite wisdom, voted in a “luxury tax” a year or so ago in which you pay a percentage of the buying price when you buy a new vehicle, not just a car. A vehicle of any kind. Not sure about bicycles. If you buy it out of state, the tax gets added to your vehicle registration fee, which I think is already higher than it should be. Once again, greed knoweth no bounds...

 

$15 flat tax on new bicycles with 26"+ tires and retail price > $200.
Collected at point of retail sale.
Source
 

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I CA you have always paid "use tax" (same as sales tax) on the price before deduction for trade in.  Dealers typically when a trade in is involved set the sales price higher than if no trade in is involved & inflate the trade in value.  The problem with this is the only winner in this is the local school district, city/county & the state.

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