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<blockquote data-quote="Ricochet1a" data-source="post: 1015275" data-attributes="member: 22880"><p>All sources of income, EXCLUDING non-cash food stamps, housing benefits and capital gains (yes, capital gains...), are used to determine poverty. This generally means the figure is GROSS income. Since EIC is applied as a cash rebate of FICA payments, actual income would be greater. </p><p></p><p>Family of 3 in 2011 poverty level is just over $18,000. So one of Fred's step-children working for $500 a week is 38% above the poverty line. </p><p></p><p>And Fred sleeps quite well.... and the taxpayers foot the bill for the foodstamps and Medicaid. </p><p></p><p>Isn't FedEx just a swell corporate citizen???</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1015275, member: 22880"] All sources of income, EXCLUDING non-cash food stamps, housing benefits and capital gains (yes, capital gains...), are used to determine poverty. This generally means the figure is GROSS income. Since EIC is applied as a cash rebate of FICA payments, actual income would be greater. Family of 3 in 2011 poverty level is just over $18,000. So one of Fred's step-children working for $500 a week is 38% above the poverty line. And Fred sleeps quite well.... and the taxpayers foot the bill for the foodstamps and Medicaid. Isn't FedEx just a swell corporate citizen??? [/QUOTE]
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