Tithes........

[Drama Queen]

Originally Posted by rgcraig

I've never heard it taught to tithe on capital gains if you reinvest in another house.

Me either..... that's why I'm asking. We were told by someone that we should be tithing on it and I don't wanna be wrong..... sooooooo.... just wanted to know what everyone else thought.

[BoredOutOfMyMind]

Originally Posted by rgcraig

I've never heard it taught to tithe on capital gains if you reinvest in another house.

If you tithed on the paycheck, then as you built equity, it was tithed on. If you gained for the sale, and you then paid that toward another home, there was not a Tithe on that portion.

If you then lost your job and lost your house, would you receive a Tithe credit?

[rrford]

Originally Posted by rgcraig

I've never heard it taught to tithe on capital gains if you reinvest in another house.

So, realistically that increase could never be tithed on. Not something I would want to do personally. It is definitely a blessing and increase that the house appreciated in value and you had money to invest in a new home. I still personally feel that when a home sells and all expenses (principle, interest, taxes, etc) that you have put into the home since purchasing it have been deducted from the sale price, whatever the gain is should be tithed before anything else is done with the money.

Look at it like this: You get a great deal on a used car. For round numbers let's say you bought one for $1,000.00. The next day you were able to sell it for $5,000.00 Would it be right to put the entire $5,000.00 into a new car and not tithe on the $4,000.00 increase? Personally, I think not.

[rrford]

Originally Posted by BoredOutOfMyMind

If you tithed on the paycheck, then as you built equity, it was tithed on. If you gained for the sale, and you then paid that toward another home, there was not a Tithe on that portion.

If you then lost your job and lost your house, would you receive a Tithe credit?

What you tithed form the paycheck did not cover appreciation.

[rgcraig]

Originally Posted by BoredOutOfMyMind

If you tithed on the paycheck, then as you built equity, it was tithed on. If you gained for the sale, and you then paid that toward another home, there was not a Tithe on that portion.

If you then lost your job and lost your house, would you receive a Tithe credit?

No, but hopefully, because you were faithful and paid all those tithes, the Lord would bless you with another job and house!!!!

[Drama Queen]

Originally Posted by BoredOutOfMyMind

If you tithed on the paycheck, then as you built equity, it was tithed on. If you gained for the sale, and you then paid that toward another home, there was not a Tithe on that portion.

If you then lost your job and lost your house, would you receive a Tithe credit?

What exactly are you saying? You've gotta speak english for me to understand!

[rgcraig]

Originally Posted by rrford

So, realistically that increase could never be tithed on. Not something I would want to do personally. It is definitely a blessing and increase that the house appreciated in value and you had money to invest in a new home. I still personally feel that when a home sells and all expenses (principle, interest, taxes, etc) that you have put into the home since purchasing it have been deducted from the sale price, whatever the gain is should be tithed before anything else is done with the money.

Look at it like this: You get a great deal on a used car. For round numbers let's say you bought one for $1,000.00. The next day you were able to sell it for $5,000.00 Would it be right to put the entire $5,000.00 into a new car and not tithe on the $4,000.00 increase? Personally, I think not.

Apparently, it's something I've never thought about or heard taught, but you make sense.

[Drama Queen]

Originally Posted by rrford

So, realistically that increase could never be tithed on. Not something I would want to do personally. It is definitely a blessing and increase that the house appreciated in value and you had money to invest in a new home. I still personally feel that when a home sells and all expenses (principle, interest, taxes, etc) that you have put into the home since purchasing it have been deducted from the sale price, whatever the gain is should be tithed before anything else is done with the money.

Look at it like this: You get a great deal on a used car. For round numbers let's say you bought one for $1,000.00. The next day you were able to sell it for $5,000.00 Would it be right to put the entire $5,000.00 into a new car and not tithe on the $4,000.00 increase? Personally, I think not.

Now that makes more sense to me.... I can see that. Just not sure why I'm having a hard time seeing it about the house.

Anyways.... it's just money. It came from HIM anyway. I guess I'd rather pay/give the tithes on the sale of our home and be right with God then to hold onto it and not be pleasing to HIM.

[rgcraig]

Originally Posted by Drama Queen

Now that makes more sense to me.... I can see that. Just not sure why I'm having a hard time seeing it about the house.
Anyways.... it's just money. It came from HIM anyway. I guess I'd rather pay/give the tithes on the sale of our home and be right with God then to hold onto it and not be pleasing to HIM.

Probably because it's BIG money!

[rrford]

Originally Posted by rgcraig

Apparently, it's something I've never thought about or heard taught, but you make sense.

I know it is an area that folks do feel strongly about so I have never made the decision for anyone. I explained how I felt about it and let them know it was between them and the Lord. Obviously, a person who pays out the full term of a 30 year mortgage would not have any real gain. Usually those who sell early might.

Let us also remember that there is a blessing in the tax deduction for mortgage interest. I consider that a blessing and would never want to try and attempt to find a way to not return to God what is His.