Lark Davis
Lark Davis|Jun 18, 2026 08:35
Illinois is officially the first state to pass a flat-out tax on CRYPTO TRANSACTIONS. Starting Jan 2027, the Digital Asset Tax Act (DATA) slaps a 0.2% "privilege tax" on your trades, transfers, and wallet services. Even moving your own crypto between your own accounts at a custodian triggers the tax. It’s not an income tax or capital gains tax. It’s a pure, unadulterated penalty on innovation. Way to drive tech and capital straight out of the state.(Lark Davis)
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