July number continue to be low

The friendliest place on the web for anyone with an RV or an interest in RVing!
If you have answers, please help by responding to the unanswered posts.

KandT

Well-known member
Joined
Jul 27, 2016
Posts
1,394
https://www.rvia.org/news-insights/rv-shipments-july-2019

Class A's are down 32% YOY for July. 
 

SargeW

Site Team
Joined
Dec 12, 2008
Posts
8,266
Location
Where ever we park it!
Wow, that's still 460,000 NEW Rv's so far this year.  It may be down from last year, but to me those numbers are still amazing.  No wonder RV spots are getting harder to come by.....
 

garyb1st

Well-known member
Joined
Dec 31, 2010
Posts
4,121
Location
Southern California
If you look at the historic data, https://www.rvia.org/historical-rv-data you'll see increases every year from 2009 until 2018 when sales dropped by 4.1%.  In fact, from 2009 thru 2017, sales almost tripled.  So after the great recession, things improved significantly.  Then following one of the greatest tax reductions in the history of the US, sales started coming down.  Go figure. 
 

SeilerBird

Well-known member
Joined
Feb 25, 2012
Posts
16,701
Location
St Cloud Florida USA
garyb1st said:
If you look at the historic data, https://www.rvia.org/historical-rv-data you'll see increases every year from 2009 until 2018 when sales dropped by 4.1%.  In fact, from 2009 thru 2017, sales almost tripled.  So after the great recession, things improved significantly.  Then following one of the greatest tax reductions in the history of the US, sales started coming down.  Go figure.
That tax reduction was a scam to help the rich folks, not us commoners.
 

docj

Well-known member
Joined
Oct 16, 2010
Posts
1,807
SeilerBird said:
That tax reduction was a scam to help the rich folks, not us commoners.

The so-called tax cut eliminated the benefit of itemizing deductions for most middle class families which eliminated the "2nd home mortgage interest deduction" which many folks claimed on the loans for their RVs.  Not surprisingly, this most likely had a negative impact on sales, especially of higher-priced RVs.

If you haven't already done so, I recommend using the IRS online tax estimator to calculate the taxes you will owe next April.  If you think you're getting a tax reduction you may be sorely disappointed.  https://apps.irs.gov/app/tax-withholding-estimator
 

SeilerBird

Well-known member
Joined
Feb 25, 2012
Posts
16,701
Location
St Cloud Florida USA
docj said:
The so-called tax cut eliminated the benefit of itemizing deductions for most middle class families which eliminated the "2nd home mortgage interest deduction" which many folks claimed on the loans for their RVs.  Not surprisingly, this most likely had a negative impact on sales, especially of higher-priced RVs.

If you haven't already done so, I recommend using the IRS online tax estimator to calculate the taxes you will owe next April.  If you think you're getting a tax reduction you may be sorely disappointed.  https://apps.irs.gov/app/tax-withholding-estimator
But at least the inheritance tax was repealed so the kids of rich parents won't have to pay billions in inheritance taxes.
 

garyb1st

Well-known member
Joined
Dec 31, 2010
Posts
4,121
Location
Southern California
SeilerBird said:
But at least the inheritance tax was repealed so the kids of rich parents won't have to pay billions in inheritance taxes.

But the big question, will those new billionaires buy motorhomes?    ;)
 

SargeW

Site Team
Joined
Dec 12, 2008
Posts
8,266
Location
Where ever we park it!
SeilerBird said:
That tax reduction was a scam to help the rich folks, not us commoners.

I don't necessarily agree. I am totally a "commoner" but never got anywhere close to  the $24,000 standard deduction, even when I did have a house and RV payment. I guess I could never afford a million dollar house to get my deductions up that far.  And with the elimination of the  2nd mortgage deduction, that's going to hurt a lot more  of the upper income folks than the medium to lower bracket people. 

I did pay last year, $63 to the Feds, without any of the old deductions. But my pension payments went up over twice that much per month with the changes in the tax rates. Now days my taxes will just about be a "short form". 

It's funny, so many folks complained about not getting as big a tax refund as they did in previous years, but many  forgot about the extra money each payday. I guess it's the same old story, you just can't make everyone happy at the same time.   
 

docj

Well-known member
Joined
Oct 16, 2010
Posts
1,807
SargeW said:
I don't necessarily agree. I am totally a "commoner" but never got anywhere close to  the $24,000 standard deduction, even when I did have a house and RV payment. I guess I could never afford a million dollar house to get my deductions up that far.  And with the elimination of the  2nd mortgage deduction, that's going to hurt a lot more  of the upper income folks than the medium to lower bracket people. 

Don't lose sight of the fact that with the $24k standard deduction you no longer get ANY personal exemptions.  That means that my wife and mean (both over 65) will lose over $8k in exemptions, so the $24k standard deduction is really only a $16k deduction in terms of its actual impact.  Even as retirees we usually had more than $16k in itemized deductions which we can no longer claim.
 

SeilerBird

Well-known member
Joined
Feb 25, 2012
Posts
16,701
Location
St Cloud Florida USA
SargeW said:
I don't necessarily agree. I am totally a "commoner" but never got anywhere close to  the $24,000 standard deduction, even when I did have a house and RV payment. I guess I could never afford a million dollar house to get my deductions up that far.  And with the elimination of the  2nd mortgage deduction, that's going to hurt a lot more  of the upper income folks than the medium to lower bracket people. 

I did pay last year, $63 to the Feds, without any of the old deductions. But my pension payments went up over twice that much per month with the changes in the tax rates. Now days my taxes will just about be a "short form". 

It's funny, so many folks complained about not getting as big a tax refund as they did in previous years, but many  forgot about the extra money each payday. I guess it's the same old story, you just can't make everyone happy at the same time. 
Sarge I wish to say thank you for disagreeing with me in a humane way. Many times there are morons here who disagree with me and have to try and make me look stupid in doing so. I respect your opinion and I am glad you respected mine. An opinion is simply an opinion and some people here don't get that.
 

PJ Stough

Well-known member
Joined
Sep 20, 2009
Posts
2,394
Location
Central Iowa
With so many changes in the tax code, it is not easy to determine as a group who is better off and who is not.  The biggest complaint that you hear the most was that the tax changes were so top heavy.
 

SargeW

Site Team
Joined
Dec 12, 2008
Posts
8,266
Location
Where ever we park it!
Not completely Joel, the below table from the IRS web site shows an additional $1300 bump in the standard deduction for each spouse that is over 65 years old.  So $2600 for a couple over 65 years old. The standard deduction before the change was $12,600 for a married couple.

Table 7. Standard Deduction Chart for People Born Before January 2, 1954, or Who Are Blind*

Check the correct number of boxes below. Then go to the chart.
You: Born before January 2, 1954 □ Blind □
Your spouse: Born before January 2, 1954 □ Blind □
Total number of boxes you checked  This is an Image: box.gif
IF
your filing status is... AND
the number in the box above is... THEN
your standard deduction is...
Single 1 $13,600
2 15,200
Married filing jointly 1 $25,300
2 26,600
3 27,900
4 29,200
Qualifying widow(er) 1 $25,300
2 26,600
Married filing separately** 1 $13,300
2 14,600
3 15,900
4 17,200
Head of household 1 $19,600
2 21,200
*If someone else can claim you (or your spouse if filing jointly) as a dependent, use Table 8 instead.
**You can check the boxes for "Your spouse" if your filing status is married filing separately and your spouse had no income, isn't filing a return, and can't be claimed as a dependent on another person's return.

SeilerBird said:
Sarge I wish to say thank you for disagreeing with me in a humane way. Many times there are morons here who disagree with me and have to try and make me look stupid in doing so. I respect your opinion and I am glad you respected mine. An opinion is simply an opinion and some people here don't get that.

We are all about learning from each others opinions here Tom. I always try to respect the individual. Just trying to set a good example! Learning from others experiences and opinions is what makes this site so great.
 

garyb1st

Well-known member
Joined
Dec 31, 2010
Posts
4,121
Location
Southern California
SargeW said:
I don't necessarily agree. I am totally a "commoner" but never got anywhere close to  the $24,000 standard deduction, even when I did have a house and RV payment. 

I may be mistaken Sarge, but under the previous law, if your deductions actually exceeded the standard deduction of $12,600, you would still be able to claim the personal exemptions.  For example, if your deductions equalled $20,000, you would still be able to claim the personal exemptions for a total of $28,100.  IIRC, the personal exemption amount is reduced for high income earners.  But I think we're talking couples with combined income in excess of $200,000. 
 

SargeW

Site Team
Joined
Dec 12, 2008
Posts
8,266
Location
Where ever we park it!
Not sure myself Gary. I was never in that range, and have no experience with it. It is definite that the new system will not benefit everyone. Just as the old system didn't either.  The one thing it is guaranteed to be is change. And how it shakes out is anyone's guess.
 

John From Detroit

Well-known member
Joined
Apr 12, 2005
Posts
26,278
Location
Davison Michigan
garyb1st said:
Then following one of the greatest tax reductions in the history of the US, sales started coming down.  Go figure.

Well the folks for whom that "Tax Reduction" was "Great" tend not to be RVERS as they simply have a multi-million dollar home in all the travel spots.

But that is not the point of this post.
Long time ago I compared the cost of living in my Class A to the cost of my Sticks and bricks.  The appraised value of the S&B house and the RV's sticker price. Virtually identical no difference worth typing about.
Taxes over 3000 on the S&B  less than 500 on the RV  (WOW)
Maintenance costs.. Not much different
Water, Power Sewer  over 250/month on S&B 100/month on RV in summer 200 winter  NOTE I said OVER 250  Sometimes as high as 300

Phoen: Same account price has changed due to deals but still the same phone which is in the shop just now getting a new face put on it (OUCH).

Cost of lawn mowing and snow shoveling::: Mostly time and effort with the house but with the RV.. Not my problem so 0.0

In short my life has greatly improved as a result of moving to an RV.

One would assume that with a REAL tax cut people would have more money to spend.  Thus not be so worried about "Conservation of funds" that you get when you full time in a RV.  So RV sales might go down at least till they save up enough to afford "Luxuries"  Since most folks have NOT done the math like I did.

Oh yes and with people spending more. Stores make more.  They hire more workers to stock the shelves.  Profits increase. and thus the store's taxes..  Likewise everybody up the product chain all the way to the Greedy Oil Robber Barons..

But alas. we did not get a real tax cut.  We got an INCREASE.
 

PJ Stough

Well-known member
Joined
Sep 20, 2009
Posts
2,394
Location
Central Iowa
Conquest2011 said:
At least the family farm doesn't have to be sold to pay inheritance tax.

Another red herring.  Anyone who owns a large enough farm who would be affected by inheritance tax, and doesnt do the proper tax planning should pay inheritance tax.
 

SeilerBird

Well-known member
Joined
Feb 25, 2012
Posts
16,701
Location
St Cloud Florida USA
PJ Stough said:
Another red herring.  Anyone who owns a large enough farm who would be affected by inheritance tax, and doesnt do the proper tax planning should pay inheritance tax.
We are not discussing farmers here PJ....
 

Oldgator73

Well-known member
Joined
Dec 28, 2017
Posts
4,368
Location
Dover, DE & Mouth of Wilson, VA
Our taxes went up even though part of my income is derived from disability payments. We probably broke even this year due to claiming our 41 year old 100% unemployable Iraq war vet son. The ?tax cut? did nothing for us. But we have the tariffs to look forward to.
 
Top Bottom