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[QUOTE="SWC75, post: 4141332, member: 289"] When I worked at Social Security, one of the programs we administered was the Supplemental Security Income, (SSI) program, an attempt to guarantee a minimum income for the aged and disabled. they required yearly redeterminations of income and financial resources and one of the rules was that if a person bought or sold a car, we had to had to look up the value of the car, based on make, model and year, in a red book we had, (called the "red book"), which listed their value with normal depreciation. If someone bought a car for less than the listed value, the difference was counted to him as a 'financial resource', as per the red book. So one SSI recipient bought a car for $500 less than the red book said it was worth and duly reported the sale. He didn't get his next check and came in to find out why. He was told it was because of the $500 he had come into. he explained that he was only charged with receiving $500 because the red book said that this heap he'd bought was worth than much more than he'd paid for it. He was told rules were rules and we couldn't pay him because of the $500. Reluctantly, he sold the car back to his friend for the actual purchase price. His friend, as it turns out, was also on SSI - and due for a redetermination. He reported the resale and, per the red book, $500 was put on his record as a financial resource and his check was cut off. Meanwhile the first guy came back in to get his check reinstated and he was told that we couldn't do that until he proved that he had spent the $500. [/QUOTE]
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