Quote:
Originally Posted by Drama Queen
Let me start off my saying that I am 100% for paying tithes... (don't really care what the Pastor does with them after I've done my part.) I believe that the tithes should be the first thing paid! You pay tithes before your bills. <-JMHO
OK.... I was always taught that you tithe on your INCREASE. So you tithe on the money you bring home. But what about when you sale your home? Do you tithe on that money?
If you are rolling all the money you are getting from the sale of your home into a new home, are you to tithe on that money before you use it as a down payment? I was raised that you would not tithe on it because you are putting that money into another home. If you were putting that money into your pocket.... then you should tithe on it.
So...... I'm asking you spiritual folks what you would do. I'd really like to know.
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When you refinance your home and find out it is worth more should we pay a tithe on the increase? No you pay the Tithe when the increase is paid out.
Otherwise go through your home.
I have memorabilia that grows in worth everyday.
Do I pay the increase on the items as they increase? No.
What if over time your new home drops in value, which happens all over this country.
I would say no do not pay a tithe on the money you move to a new home.
Do we pay tithe on our 401K statement at the end of each year? No.
Why because it is not being liquidated.
It could drop in value like Enron did a few years ago.
Do you pay tithe on an annuity that you know grows each year after the initial deposit? No because you have not liguidated it.
Render unto Ceasar what is Ceasar's and unto God what is God's.
In this case of your home sale and buying of a new home.
The IRS does not require you to pay Captial gains at the time of this transfer.
Nathan Eckstadt