Comments on: Is Direct Selling / Mlm, Real Estate Investment And Stock Market Investment All Subjected To Income Tax?

By: Bostonian In MO

Bostonian In MO — Fri, 27 Nov 2009 04:40:15 +0000

Yep, if you’re in the US anyway.

By: Judy

Judy — Thu, 26 Nov 2009 22:28:08 +0000

Yes, passive income is subject to income taxes if you’re in the US or are a citizen of the US. Investment income is taxable also, as is any capital gain on the investments.
If you’re in Malaysia and not a US citizen, I have no idea.
Not totally clear from your question what your status is and where you are, when you ask about investment income and then say forget about it.

By: SGElite

SGElite — Thu, 26 Nov 2009 20:01:30 +0000

All incomes are subject to income taxes.

By: Tikky

Tikky — Thu, 26 Nov 2009 17:22:51 +0000

All income is subject to income tax, hence “income” tax. I am not sure of any exemptions from playing the stock market and I would think there is none. MLM, definately taxed as income. As far as real estate goes, if you are smart enough, you might be able to get away with not paying taxes…AND do this legally – you just have to learn how, so you are staying within the law because whatever Uncle Sam is owed, Uncle Sam will get.

By: Sandy

Sandy — Thu, 26 Nov 2009 11:21:40 +0000

Income from direct selling/MLM is earned income and is taxable.
For investment in property it depends on whether you’re speculating or investing long term to derive rental income (which is taxable). If you buy and sell a property within a very short time, that is not capital gain, that is speculating and the gain is taxable.
As far as I know, gains from playing the stock market are not taxable.