🚨 ILLINOIS ENACTS MOST AGGRESSIVE BITCOIN TAX IN THE 🇺🇸 US
Governor J.B. Pritzker has signed Illinois’ new Digital Asset Tax Act into law.
Starting January 1, 2027, Illinois will impose a 0.20% tax on the gross value of digital assets exchanged, transferred, or stored for customers.
In practice:
• Buy Bitcoin? Pay the tax.
• Transfer Bitcoin? Pay the tax.
• Store BTC with a custodian? Pay the tax.
Move $1 million through a bank wire, ACH transfer, brokerage account, or traditional custodian and Illinois takes nothing.
Move that same $1 million as a digital asset and the state takes $2,000.
The tax applies regardless of whether there is any profit, income, or capital gain. It is levied simply because a digital asset is being exchanged, transferred, or stored.
Critics argue this creates a first-of-its-kind regime that singles out blockchain-based activity while leaving analogous banking, brokerage, custody, and payment services untouched.
The law targets the service layer of the digital asset economy. While trading for one’s own account is excluded, businesses facilitating exchange, transfer, or custody for customers must collect and remit the tax, with customers ultimately liable if it is not collected.
The Crypto Council for Innovation warned that Illinois is becoming a national outlier by adopting a transaction-based tax on digital assets that has no comparable equivalent for stocks, bonds, derivatives, bank deposits, or traditional financial transactions anywhere else in the country.
Industry groups say the law is a powerful incentive for entrepreneurs, startups, and investment to leave Illinois for more competitive jurisdictions.
Perhaps most surprising is the timing. Illinois only recently adopted the Digital Assets and Consumer Protection Act (DACPA), a framework many viewed as a constructive approach to blockchain innovation. This new tax represents a sharp reversal.
The question now is whether other states follow Illinois’ lead, or whether this becomes a case study in how to drive an emerging industry elsewhere.
ELON MUSK:
“WE’RE GOING TO HAVE UNIVERSAL HIGH INCOME.
WE’LL BASICALLY JUST ISSUE MONEY TO PEOPLE.
WE’RE GOING TO HAVE DEFLATION.
AI AND ROBOTS ARE GOING TO MAKE SO MUCH STUFF THAT THEY’LL RUN OUT OF THINGS FOR HUMANS TO DO.
MONEY WILL STOP BEING RELEVANT AT SOME POINT IN THE FUTURE.”
DIAMANDIS:
“SO JUST AS YOU’RE BECOMING A MULTI-TRILLIONAIRE, MONEY STARTS TO HAVE LESS VALUE?”
ELON:
“YEAH, PRETTY MUCH.”
👽 9 Types of Aliens Millions Claim to Have Seen in past 100 years
1️⃣ Greys:
Small, large black eyes, often described in classic abduction reports
2️⃣ Reptilians:
Shape shifting lizard like beings, rumored to influence governments
3️⃣ Nordics:
Tall, blond, human like beings, said to warn about Earth’s future
4️⃣ Insectoids:
Mantis like entities, linked in some accounts to experiments and mind control
5️⃣ Hybrids:
Part human part alien beings, described in genetic mixing claims
6️⃣ Sirians:
Reported connection to the Sirius star system and ancient myths
7️⃣ Draconians:
Warlike dragon like beings, often described as dominant in space civilizations
8️⃣ Anunnaki:
Ancient gods from Sumerian texts, claimed by some theories to have influenced human origin
9️⃣ Lyrans:
Feline or human like beings, sometimes described as one of the oldest alien groups
🚨 Are these just myths, modern conspiracies, or something deeper
If so many unrelated people describe similar beings, is it still a coincidence??
🔎 The real question is simple
Are we alone in the universe, or only seeing a small part of the truth
👉 What do you think Drop your theories below ⬇️