New car trade-in tax will hit Illinois drivers New Year’s Day – IL Policy

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Astonished
6 years ago

By raising the net cost of trading in a car worth more than $10k, this tax change will simply reduce how many people do it. In effect, this will cause more people to keep their cars longer, and (as usual) the static projections for incremental tax revenue will prove idiotically high.

Hey Pritzger (and pals) go sit on a revving chainsaw.

joe blow
6 years ago
Reply to  Astonished

older cars are usually less efficient, so they will make more money on their gas taxes this way… lol

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