A billionaire hires accountants to find loop holes so that he pays very little, if any, federal taxes. Our conservative friends thinks that this is okay and the way it should be.<\/p>\n
A disabled man, who receives social security disability, wins a two million dollar lottery. He also receives food stamps based on his monthly income. He reports it and is told that he is still eligible to continue to receive his food stamps based on his monthly income. This is the law. When a person receives either SSI or Social Security Disability, the Social Security Office makes his eligibility decision. He remains eligible as long as they say he is. When they determine that he is no longer eligible for social security disability or SSI, then he no longer automatically qualifies for food stamps. In his case there is moral outrage among our conservative friends.<\/p>\n
This man, took the lump sum payment, which after taxes was less than a million. He bought a new house, an expensive used car. These are the expenses that we know. He probably also bought new furniture, etc for his new house.<\/p>\n
Neither social security and the food stamp program count a one-time lump sum payment when determining eligibility. After the first month, any remaining money is considered a resource and if exceeds $2,000 (more if it is a couple) the person no longer remains eligible. Depending on the workload of the servicing social security office, it may take two or three months before a determination is made but with the publicity this case is getting it will probably be handled much more quickly. If he remains eligible it means he has proven that like every other lottery winner, he blew all the money. <\/p>\n","protected":false},"excerpt":{"rendered":"
A billionaire hires accountants to find loop holes so that he pays very little, if any, federal taxes. Our conservative friends thinks that this is okay and the way it should be. A disabled man, who receives social security disability, wins a two million dollar lottery. He also receives food stamps based on his monthly […]<\/p>\n","protected":false},"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,1428],"tags":[],"class_list":["post-37602","post","type-post","status-publish","format-standard","hentry","category-people","category-politics-2"],"_links":{"self":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/posts\/37602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/comments?post=37602"}],"version-history":[{"count":0,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/posts\/37602\/revisions"}],"wp:attachment":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/media?parent=37602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/categories?post=37602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/tags?post=37602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}