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Home> Income Tax Guide

Passive Income

Passive income is money that you make with little effort or no work at all and could allow people to become financially free. The things that do the work for you are your assets (e.g. rental property, sales contract, royalties, websites, investment portfolio, pension). These assets provide you with an income stream because you created them. Passive income is usually taxable. You first have to create assets before you can earn a nice passive income.