raaman
Valued Contributor
Passive income appears to be one of the best methods to earn money. Passive income appeals to many people today. It is because it needs minimal effort on our part to generate revenue. This type of passive income is also called as "making your money work for you." In general, you put your money in a product or service, and it will start to generate revenue for you again and again.
However, you should be well aware that passive income is also taxable. Nevertheless, you should not let the tax aspect prevent you from generating a passive income source for yourself. Passive income is taxed differently than active income, but it is still taxable, so be aware of it before investing.
However, you should be well aware that passive income is also taxable. Nevertheless, you should not let the tax aspect prevent you from generating a passive income source for yourself. Passive income is taxed differently than active income, but it is still taxable, so be aware of it before investing.