Illinois Crypto Transaction Tax
"Every single crypto transaction starting in January, starting in 2027 on, will now be taxed 0.2%. So, that means your own property, if you just move it, you move move from the exchange to your wallet, from your wallet to another wallet, they will be do be doing an asset seizure confiscation starting at 0.2% every single time."
ℹ️ In shortA new Illinois law will impose a 0.2% tax on every crypto transaction, including moving assets between personal wallets, starting January 1, 2027.
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… Crypto holders just got [ __ ] The governor of Illinois, Pritzker, just signed into law. This goes into effect January 1st, 2027. That every single crypto transaction starting in January, starting in 2027 on, will now be taxed 0.2%. So, that means your own property, if you just move it, you move move from the exchange to your wallet, from your wallet to another wallet, they will be do be doing an asset seizure confiscation starting at 0.2% every single time. And this sets a dangerous precedent for not only your personal property, but what could happen in 4 years from now, 1 year from now. Maybe it goes up to 1%. It's like if you were to your your property, your car, if you move your car to your garage, to the other side of the house, that's taxed 0.2%. If you have a bar of gold in a safe, your propert …
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