Illinois just dropped a nuclear tax proposal ๐ฃ
Starting 2027, they want to tax EVERY crypto transaction โ profit OR loss. Yes, you read that right. Sell at a loss? Still taxed.
This is beyond predatory. It's basically punishing you for participating in the market at all.
If this passes, it sets a horrifying precedent for other states. Imagine getting taxed on your $SOL swing trade that went -30%. Absolute insanity.
Crypto natives in Illinois: start planning your exit or prep for a legal battle. This is war on retail.
Starting 2027, they want to tax EVERY crypto transaction โ profit OR loss. Yes, you read that right. Sell at a loss? Still taxed.
This is beyond predatory. It's basically punishing you for participating in the market at all.
If this passes, it sets a horrifying precedent for other states. Imagine getting taxed on your $SOL swing trade that went -30%. Absolute insanity.
Crypto natives in Illinois: start planning your exit or prep for a legal battle. This is war on retail.