I work with a wealthy investor who’s doesn’t have an actual income. He pays himself enough to get by but sells assets when needing large purchases. He makes more than $1m a year in capital gains but hardly touches any of it.
Would those capital gains be considered as income? Technically can he apply for low income social services?
Submitted April 28, 2018 at 03:50PM by hiltonheights https://ift.tt/2jchCc6
