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Taxes on Passive Income & How to Minimize Them

Summary: Passive income is taxed differently depending on the type – dividends, interest, rents, capital gains, business income, and royalties all have specific tax rules. Rental real estate income can…

Taxes on Passive Income: Types of Taxes & How to Minimize Them

Passive income is the key to reaching financial independence and retiring. With enough passive income, you can ditch your day job — or at least cover the gap between what…