JarvisR wrote:
Request expert comments on this one.
1. The United States government uses only a household’s cash income before taxes to determine whether that household falls below the poverty line in a given year; capital gains, non-cash government benefits, and tax credits are not included.
However, yearly cash income is not a fool-proof measure of a given household’s disposable income.
For example, retirees who live off of capital gains from an extensive portfolio could earn hundreds of thousands
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