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  2. Living on $600 a month? Seniors over income limit can ... - AOL

    www.aol.com/news/living-600-month-seniors-over...

    Among people who are not living in nursing facilities, only a small fraction of seniors and disabled people trying to get "share of cost" Medi-Cal — 8% — spent enough on medical expenses to ...

  3. Emergency housing resources for older Americans in need

    www.aol.com/emergency-housing-resources-older...

    The Section 202 program helps expand the supply of affordable housing with supportive services for seniors. This program gives low-income seniors options that allow them to live independently ...

  4. ‘Never thought it was possible’: This 78-year-old Vietnam War ...

    www.aol.com/finance/never-thought-possible-78...

    For many people, buying a home remains part of the American dream. Alfred Gus Carter and his wife Lisa were able to realize that dream recently, but their story is a little unusual.

  5. Guaranteed minimum income - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_minimum_income

    Guaranteed minimum income (GMI), also called minimum income (or mincome for short), is a social-welfare system that guarantees all citizens or families an income sufficient to live on, provided that certain eligibility conditions are met, typically: citizenship and that the person in question does not already receive a minimum level of income to live on.

  6. Ordinary income - Wikipedia

    en.wikipedia.org/wiki/Ordinary_income

    A "short term capital gain", or gain on the sale of an asset held for less than one year of the capital gains holding period, is taxed as ordinary income. Ordinary income stands in contrast to capital gain, which is defined as gain from the sale or exchange of a capital asset. A personal residence is a capital asset to the homeowner.

  7. List of basic income models - Wikipedia

    en.wikipedia.org/wiki/List_of_basic_income_models

    European/regional basic income: Basic income for a region, for example Europe. Van Parijs, Steve Quilley, Phillippe C. Schmitter m.fl. Marc's proposal, NAFTA-divident: Conditional cash transfers (basic income with strings attached) Not a guarantee because conditions exist, but conditions are easily fulfilled (or example, children going to school).

  8. I'm a Senior. How Can I Increase My Retirement Income? - AOL

    www.aol.com/finance/seniors-using-plan...

    Many adults approaching retirement age have little to no retirement savings. In fact, the U.S. Government Accountability Office said that almost 50% of households headed by someone aged 55 and ...

  9. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    The remainder of any gain realized is considered long-term capital gain, provided the property was held over a year, and is taxed at a maximum rate of 15% for 2010-2012, and 20% for 2013 and thereafter. If Section 1245 or Section 1250 property is held one year or less, any gain on its sale or exchange is taxed as ordinary income.