So, this was inventive and rather sneaky, Illinois now adds a 2-3% tax on all Debit card transactions and it gets real tricky to add a tip.
https://www.youtube.com/watch?v=y2XV9z_0TnU
So when can they make more Legislation to make People wake up and leave Illinois?
Huh? That’s not what it said at all. They’re talking about the fee added by payment processors.
It was passed two years ago Credit Card Companies and Credit Unions have to revamp their systems to do business in Illinois.
If One of those Companies is not in Compliance, who will pay for all of that, who does the bill go to? The Consumer.
I’m in with both feet that IL politicos are money stealing little bitches, but I’m with XM4 in that I think you are misunderstanding what the law says. This excludes taxes and tips from the 2% swipe fee charged for card processing. At least that’s how I read it.
but the 2% is a tax fee on the transaction, irregardless if it is a fee to the Credit Card Company or Cridit Union will ineveitablly pass the cost of that fee to the Consumer,irregardless of what the money is used for ecxluding tips , …Correct? So its a tax
Anything they add, any Corporate Tax, Fee or Tarriff is always passed down to the Consumer.
I didn’t watch your attached YouTube vid. It could be that we are talking about two separate laws. I’ll look into it, I just don’t do random YouTube vids. Nothing personal, I just don’t YouTube.
Yes, all credit cards do that, everywhere. That’s not something IL did.
What the IL law is saying is that they can no longer charge that fee on Sales Tax and Tips, which will require a massive revamp of the entire payment card system.
Sales Tax and Tips don’t concern me, what I don’t understand is how if I pay Cash and don’t use a Card I pay a different reduced fee than the Chump that pulls out his ATM Card.
A tax on a transaction is one thing, but a tax on a transaction and then 2% on top of that for using an ATM Card is Robbery.
So if I pay Cash there is an incentive, but the only People carrying four hundred Dollars to pay for Dinner aren’t always the People you want around like Gangsters and Dope Dealers.
A Family Member one time explained Money to me as in Dirty Money and Clean Money.
Dirty Money pays for drinks and dinners, dope and Clean Money is for Rent and Car Payments.
Now he explained never let recorded instances of your expenses ever exceed your Clean Money income no matter hwo much dirty money you have.
Card processors are providing a service and they aren’t going to do it for free.
We aren’t talking about a processing fee we are talking about a tax on a processing fee.
Averageman.
its a 2-3% tax on processing fee’s which are typically 1-3%. So you ate talking about an additional .2-.6% tax on your transaction. That won’t apply to tour transaction. It will effectively make the business have to pay 2-3% more on the the 1-3% they pay.
will this trickle down to you? Inevitably yes. But we are talking about 20-60 cents on every 100$ you spend. It will not complicate tips or anything else in any way. You are way more concerned than need be. Its not that complicated. You will never know the difference.
Also taxation is theft. I’m with you there 100%
Said every single time anyone proposes a tax increase.
It’s incrimintal petty theft on the level of the scam the Mafia pulled on the East Coast with the price of Gas.
Just add a tenth of a penny and no one notices. That tiny bit multiplied by Millions perhaps Billions of transactions at the end of the year adds up to a good sized number.
Yet you dare not ask for accountability
I am always amazed that the lads that started the revolution against god representative the king of england did so over I think it was 1.5% tax on tea. But the American people today sit silent over taxes.
I did a little looking around. Not much I admit, I don’t live in IL and I don’t travel there all that often. (I have lived in IL, my wife is from there, and I have several friends there so I have at least a little interest.)
I am finding nothing about a new tax on card usage. Here is a bullet list of what I have found:
That’s it. Nothing about a tax paid to the state on card transactions. I am perfectly willing to accept that I could be wrong. Got any sources about this “new tax”? I’m happy to slam politicians, I just want to be certain about what it is I am slamming them for.
Reasonably credible sources please. Youtube videos are usually just guys making shit up like 90% of the time. You watch one and the next thing you know you are getting spammed with videos of dudes ranting and raving about shit that never happened. Your linked vid could be the exception, but I’m not gonna risk it.
So, isn’t this a tax? Isn’t Illinois getting a small amount on each transaction?
Made TO THE STATE. They charge 2-3% to cover the fees they have to pay to the card processors, just like most other retailers.
Made TO THE STATE. They charge 2-3% to cover the fees they have to pay to the card processors, just like most other retailers.
But the State has very little to do with the exchange of goods for services, which they tax. This as I undersatand it is an additional charge on top of that tax..
The charge I reference is only applied to payments made to the state of IL, not all card payments. So if you pay your state taxes, or the DMV, with a card that fee applies. Not when you pay Guido for your pizza. At least that is what I found during my brief Google dive.
Like I said, I’m ready to be proven wrong. Show me the source. I’ll start warming up my teeth gnashing muscles. 
I see where you are coming from, but then why would anyone worry about taxes or tips on payments to the State?
I’ve generally got a policy, if I cant understand something I ask someone else, if they don’t understand it or it is patently unclear I know I’m about to get F’ed.