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To: GeorgiaDawg32

as in all things financial, we must consider the tax consequences of every transaction.

If she's on welfare welfare and sells the car does the gain mean she will lose her earned income tax credit?


40 posted on 07/29/2006 6:38:32 AM PDT by bert (K.E. N.P. 48 year BSA member)
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To: bert
If she's on welfare welfare and sells the car does the gain mean she will lose her earned income tax credit?

Yes it does.

So sell the car buy a home(did I mention that in Tx you can delare it a homestead?) in the lower end of town, get a job,eat red beans and rice and sausage for a while. When you get on your feet buy a new home in a better area and sell or rent the old one.Isnt that how its done?

Did I mention that youre off welfare at step one?

49 posted on 07/29/2006 6:48:39 AM PDT by mylife (The roar of the masses could be farts)
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