Is direct selling / MLM, Real estate investment and Stock market investment all subjected to income tax?

Question

Best answer 10 points!

All active or earned income from employment and business are subjected to income tax.

Do passive income from real estate and stock and direct selling business / MLM subjected to income tax?

Note:
Forget about stock and real estate capital gain tax because there is none in Malaysia.

Answer 1

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.

Answer 2

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.

Answer 3

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.

Answer 4

All incomes are subject to income taxes.

Answer 5

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Answer 6

Yep, if you're in the US anyway.