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Old 08-13-2012, 01:25 PM   #1
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Information for Possible Starting Full-Timers

I just heard that starting in 2013 part of the Obamacare program when you sell you house you will have to pay 3.8% sales tax. That would be $3,800 tax on a $100,000 house sale. This might be of interest to anyone contemplating starting to full-time in their RV.

Has anyone else heard of this or know if it's really true? Don't know is a local Realtor might have an answer on this or not. Seems just like something else to screw us retirees.
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Old 08-13-2012, 01:41 PM   #2
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This is a largely incorrect statement that has been all over the internet for months. There could be an increased tax if the sale of your house nets you more than $500,000 profit, something most of us don't have to worry about. There is not a general tax on home sales. If you want to read all the details go here: snopes.com: Home Sales Tax
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Old 08-13-2012, 09:32 PM   #3
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Thanks for the correction. Things can sure get twisted around and misquoted anymore it seems. Really hard to know what to believe.
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Old 08-14-2012, 11:22 AM   #4
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You will have to pay the tax on that portion of your taxable income that exceeds 250,000 dollars. Now that is income. When you sell your house your "income" is the profit, and in today's market many are going to be doing good if they make 250 dollars profit, let alone 250,000, Thus for "The party of the rich" this is a big deal. For the party of the rest of us.. Not so much.

In fact, odds are under Obama's tax and health care plan your taxes will be reduced.
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Old 08-14-2012, 12:18 PM   #5
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Just love the way all of the news is slanted by the direction of the reporter. Repsort on the bad part, and never nind that id does not apply to 90% of the people. I wish the news media had to be held accountable for their reporting.

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Old 08-14-2012, 02:16 PM   #6
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I would gladly pay taxes on over $500,000 profit on my house; hurry all you buyers out there, my house is a steal at $550,000.
Did you know they are going to tax your SS check? you heard it here first.
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Old 08-14-2012, 02:28 PM   #7
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Did you know they are going to tax your SS check? you heard it here first.
They already do!!
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Old 08-15-2012, 12:57 PM   #8
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They already do!!
Please tell everyone where THAT information came from.
I must owe a ton of taxes on my SS income; i haven;t paid any taxes on my SS in 15 years.
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Old 08-15-2012, 02:03 PM   #9
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Please tell everyone where THAT information came from.
I must owe a ton of taxes on my SS income; i haven;t paid any taxes on my SS in 15 years.
That information comes from the tax code. Just Google income tax on social security for the full details.

Bottom line is that if your individual income is less than $25K or joint income is less than $32K you don't pay any tax.

My wife gets SS and we pay income tax on 85% of her benefits. When I start collecting SS we will be paying tax on 85% of our total benefits.
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Old 08-15-2012, 02:18 PM   #10
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Just love the way all of the news is slanted by the direction of the reporter. Repsort on the bad part, and never nind that id does not apply to 90% of the people. I wish the news media had to be held accountable for their reporting.

Ken
And, it would be nice if people would take the time to read/research these issues before crying the sky is falling....
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Old 08-16-2012, 08:02 AM   #11
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That information comes from the tax code. Just Google income tax on social security for the full details.

Bottom line is that if your individual income is less than $25K or joint income is less than $32K you don't pay any tax.

My wife gets SS and we pay income tax on 85% of her benefits. When I start collecting SS we will be paying tax on 85% of our total benefits.
For all those poor soles that make so much that they have to pay taxes on their SS; I will gladly trade incomes with you. Then just think you will have no income tax to pay
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Old 08-16-2012, 09:20 AM   #12
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Like we told my wife's grand Mother when she complained about paying taxes....If you did not have the money to pay for your trips and such, you would not have to pay taxes.

Ken
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Old 08-16-2012, 09:31 AM   #13
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If you are married, and you have to pay taxes on your social security, your total income including social security is WELL above the national average. Everyone should just get a DVR, record EVERYTHING you watch, and just fast forward through the commercials until the election is over. Oh yes, one other thing, block out MSNBC and FOX NEWS. you will all be happier.
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Old 08-16-2012, 10:21 AM   #14
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OK, folks, please keep this discussion with the context of RVing (per our Community Rules). This site is not for general political discussion, even though all us RVers pay taxes and many collect social security.
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