Posted on 12/03/2019 12:10:56 PM PST by Erik Latranyi
That’s exactly what I was thinking.
It won’t matter what you paid for the car less the trade in - the State will tax you on the MSRP of the new car.
Just wonder what these politicians will do when they run out of taxpayers money? Tax each other?
Uhm.. Seize the land and industries and confiscate personal wealth for the greater good. You know, socialism, not to be confused with communism.
Hey, Kansas is the highest taxed state in the country as far as personal property tax on vehicles, motorcycles and boats. Which is why about 25% (and growing) Kansas residents tag in Texas, Missouri or Oklahoma.
Who is John Galt?
I already paid sales tax when I bought it. These libtards are crazy. How about a tax on being a democRAT? Stupid and evil should cost the moron!
Pickup trucks are exempt. This only applies to passenger cars.
https://www2.illinois.gov/rev/research/publications/bulletins/Documents/2020/FY2020-01.pdf
IF they collect anywhere near what they hope to, might some of this money also be diverted to employee pension funds too? That seems to be a sore point in many states now. Maybe they could just let Chicago go bankrupt & possibly solve about half the problem. No reason the motorists should be expected to bankroll improved state buildings.
In Missouri, my tags cost about $25/year. The assessment is based on a fictional horsepower rating for cars and weight on pickups. Once maybe every decade you might find the highway patrol checking weights on pickups on back roads. You can license pickups as “local” limited to something like 30 miles from your residence.
Ah, but they do get you on annual personal property taxes. I paid $111 for a 2018 Honda CRV, a ‘97 F-150, and a 750cc Honda motorcycle.
It looks like, at the end of the day, you and I are paying about the same. I pay a total of around $250 for four fairly new cars. Looks like you pay around $186 for three.
I would love to have that “30 mile” law in my state. The only time my pickup goes more than 30 miles is the one time I went to Louisville to get new tires at Costco. I bought it six years ago with 106k miles. It now has 112k miles.
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