Generating passive income usually does require assets. But you may already own them. A number of online platforms have formed to help people generate passive income by renting out possessions they already have. These possessions can range from big things such as whole houses and cars to smaller ones that you may never have considered particularly valuable, such as your driveway, attic space, carpet cleaner or tools. Some platforms enable artists to earn royalties and licensing fees for the use of their art.
The IRS records provide glimpses of other massive loans. In both 2016 and 2017, investor Carl Icahn, who ranks as the 40th-wealthiest American on the Forbes list, paid no federal income taxes despite reporting a total of $544 million in adjusted gross income (which the IRS defines as earnings minus items like student loan interest payments or alimony). Icahn had an outstanding loan of $1.2 billion with Bank of America among other loans, according to the IRS data. It was technically a mortgage because it was secured, at least in part, by Manhattan penthouse apartments and other properties.
STAMFORD, CT — Looking for things to do in the Stamford area? As more local businesses and venues reopen and it becomes safer to gather in small groups, don't miss what's new on your Stamford Patch community calendar. Here's a roundup of local events coming up in the area this weekend.
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If you’re conducting live interviews, invite well-known speakers in your niche to reach a wide audience and boost credibility.
Millions around the world lost their means of earning an income because of the coronavirus lockdowns. Fortunately, the internet can provide plenty of new employment opportunities. Explore 9 of them with our guide!
Billionaire and crypto enthusiast Mark Cuban joined Axie's latest funding round in which it raised $7.5 million.
That “search and other” figure includes revenue generated on Google’s search properties, along with ads on other Google-owned properties like Gmail, Maps and the Google Play app store.
The restaurant had to layoff three freshly hired employees when the pandemic hit. They reopened with half the dining room seats in storage last May.
The U.S. Olympic and Paralympic Committee rewards athletes $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze. Most of that prize money is not taxable unless athletes report gross income that exceeds $1 million.
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