Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×
 


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 03-23-2004, 06:46 PM   #21
Rivet Master
 
Davydd's Avatar
 
Tonka Bay
Join Date: Aug 2003
Posts: 770
Images: 13
Wink Relax

I think I heard on the news today that Social Security is good until 2042 so if you are over 23 years of age you are OK.

Now Medicare is slated to run out in 2019.
__________________
Davydd
2015 Sprinter Class B Camper Van
(Former 1971 vintage Airstream Owner)
Davydd is offline   Reply With Quote
Old 03-23-2004, 06:50 PM   #22
4 Rivet Member
 
Join Date: Jan 2004
Posts: 472
Images: 17
Send a message via Yahoo to silver suz
Question airstream as a second home???

Whoa, you mean we can write off our airstream as a second home??? Did I understand that right??

Unfortunately, I'm already retired- disabled as it were. I'd much rather be able to work. so your SS money is already going to me. Sorry.

Now, my doctor has ordered me to go to fresher air in the most polluted months. My county is in the top ten percent most polluted in the USA- and I have dubya to thank for that- after all he was gov of TX when it got so worse.

So is there any benefits to taxes for me? My husband does his own taxes and he says no way for second home.
Re-building the airstream so that I can make it into a safe home is REALLY expensive- any tax deductions would be appreciated.
thanks -this is a really interesting thread! I like reading all the points of view. Silver Suz.
silver suz is offline   Reply With Quote
Old 03-23-2004, 07:28 PM   #23
Aluminut
 
Silvertwinkie's Avatar
 
2004 25' Safari
. , Illinois
Join Date: Feb 2003
Posts: 10,477
If you don't have a second home you are writing off, you have an additional bene!

I wrote off $1800 in interest.


When I say holding it's own, it's not pretty, but it also hasn't tanked. Although Greenspan is a double edge sword, I have confidence in him. He's not all that bad a guy....lately he's got a bad rap, but in the end it really is gonna work out. Remember when home rates were 15%? Haven't seen those again have ya?

I have to believe it's all gonna work out in the end. Politicans cover their behinds pretty good. The trick is to find the loopholes that they left themselves. The rest is simply a leap of faith as I can't really predict tomorrow. But in the end, if you look at the last 3 decades as a road map, the outlook becomes a bit more bright.
Silvertwinkie is offline   Reply With Quote
Old 03-23-2004, 07:29 PM   #24
Rivet Master
 
Davydd's Avatar
 
Tonka Bay
Join Date: Aug 2003
Posts: 770
Images: 13
Re: airstream as a second home???

Quote:
Originally posted by silver suz
Whoa, you mean we can write off our airstream as a second home??? Did I understand that right??
I believe what Silvertwinkie was refering to was the interest deduction allowed on his Airstream as a second home. Trailers and boats with kitchens and sleeping qualify as a second home thus interest paid in financing can be deducted.
__________________
Davydd
2015 Sprinter Class B Camper Van
(Former 1971 vintage Airstream Owner)
Davydd is offline   Reply With Quote
Old 03-23-2004, 08:06 PM   #25
2 Rivet Member
 
2004 19' Bambi
Denver , Colorado
Join Date: Apr 2003
Posts: 91
Images: 32
Twinkie,

First, thanks for being my counterpart for the moment - kinda hard to have a progressive thread if everyone just says "yep, that's right."

We aren't in a depression, that's true. So you're right that the dollar hasn't tanked ... yet. Hopefully it won't. But, you and I have all the freedom in the world to "hope." Our elected officials don't have that luxury - not if they are truly leading our country, as they should be.

Mr. Greenspan has set and held our interest rate at 1% because it has been necessary in order to attempt some stabilization of our economy. He can't go much lower than that. In fact, he recently released a statement cautioning the Federal Government against its current deficit spending trend, implicating a complete collapse of economic shoring if it continues (see below).


"(Feb 26, 2004) By William Neikirk (Chicago) Tribune senior correspondent

Federal Reserve Chairman Alan Greenspan ventured into the politically explosive debate over Social Security on Wednesday, urging Congress to cut benefits for future retirees to help control the budget deficit.

The central bank chairman said Congress must address the escalating costs of Social Security and Medicare to avoid rising interest rates or sharply higher taxes as the Baby Boom generation begins to retire.

"I'm just basically saying that we are overcommitted at this stage," Greenspan told the House Budget Committee.

His comments landed with a thud in middle of the presidential race and could make Social Security and Medicare major issues in the campaign. "

"We have been making commitments without focusing on our capability of meeting them," Greenspan said. "And I think it is terribly important to make certain that we communicate to the people who are about to retire what it is they are going to have to live with. And if we promise more than we can actually physically deliver, I think it will be a major blot on our whole fiscal process."


The problem is that we have stepped onto a very slippery slope. The tax cuts initiated by the Bush administration have devoured the surplus that existed at the time he took office and made it necessary to deficit spend. Add to that our high unemployment rate and the poor health of our economy in general, and we are now in a situation which makes it dangerous to raise taxes or interest rates. Thus, if spending remains unchecked and the dollar continues to decline against the British Pound and the Euro, we will, ultimately, be in a depression. That's the irresponsibility of this administration's failure to act on this particular issue.
COLORADO_CAMPER is offline   Reply With Quote
Old 03-23-2004, 08:10 PM   #26
Aluminut
 
Silvertwinkie's Avatar
 
2004 25' Safari
. , Illinois
Join Date: Feb 2003
Posts: 10,477
Re: Re: airstream as a second home???

Quote:
Originally posted by Davydd


I believe what Silvertwinkie was refering to was the interest deduction allowed on his Airstream as a second home. Trailers and boats with kitchens and sleeping qualify as a second home thus interest paid in financing can be deducted.
Yup...sorry should have been more clear.
Silvertwinkie is offline   Reply With Quote
Old 03-23-2004, 08:14 PM   #27
Aluminut
 
Silvertwinkie's Avatar
 
2004 25' Safari
. , Illinois
Join Date: Feb 2003
Posts: 10,477
Well CC, as I said I respect what you say. I look at it as a mature healthy discussion. Hell, you could be right too, I could be wrong. I guess I have taken the leap of faith knowing where we have come from.

I think Greenspan's comments on SS were pretty harsh. Who really knows what will happen, but as I said if you take the last 3 decades, you'll find that the bad doesn't last very long....

The only variable that could change that is terrorism. The 9/11 stuff really hit the economy hard as if it needed more. If we take some hits and it's large and/or on our own soil, then my 2 year prediction goes out the door.

BTW, not to get far off the thread, but I hate paying $2+ a gallon for gas!

It's a whole new world.

Silvertwinkie is offline   Reply With Quote
Old 03-23-2004, 08:44 PM   #28
Rivet Master
 
Davydd's Avatar
 
Tonka Bay
Join Date: Aug 2003
Posts: 770
Images: 13
I'll just Kibbutz

Colorado_Camper and Silvertwinkie, you both are relatively young and have a major stake in the future. I'm riding the that giant baby boomer wave with a two year headstart and may not be around for the looming crisis everyone predicts and I am working hard not to be too dependent on Social Security. It doesn't seem like Kerry or Bush want to address or take on Greenspans comments. Sadly we have 8 more months of mush and smear campaigning without real substance.
__________________
Davydd
2015 Sprinter Class B Camper Van
(Former 1971 vintage Airstream Owner)
Davydd is offline   Reply With Quote
Old 03-23-2004, 08:48 PM   #29
Rivet Master
 
Davydd's Avatar
 
Tonka Bay
Join Date: Aug 2003
Posts: 770
Images: 13
Oh yeah

For very personal reasons and brand loyalty I will NOT become a Wal-Mart greeter.
__________________
Davydd
2015 Sprinter Class B Camper Van
(Former 1971 vintage Airstream Owner)
Davydd is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by the Airstream, Inc. or any of its affiliates. Airstream is a registered trademark of Airstream Inc. All rights reserved. Airstream trademark used under license to Social Knowledge LLC.



All times are GMT -6. The time now is 04:24 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.