alanbwt on Nostr: Exec Order 6102 lite just dropped. ...
Exec Order 6102 lite just dropped.
Illinois just signed the most aggressive bitcoin tax in the US.
Starting January 2027, the state will impose a 0.20% tax on the gross value of digital assets exchanged, transferred, or stored for customers.
Buy bitcoin? Taxed.
Transfer bitcoin? Taxed.
Hold with a custodian? Taxed.
No profit required. No capital gain. Just moving a digital asset triggers the tax.
Move $1M through a bank wire, ACH, or brokerage and Illinois takes nothing. Move that same $1M as a digital asset and the state takes $2,000.
There is no comparable tax on stocks, bonds, derivatives, bank deposits, or any traditional financial transaction anywhere in the country.
The message to every bitcoin company in Illinois is clear: leave.
