How much is your annual passive income?

Very happy month of May to collect my large amounts of dividend payout.

Is there a way to reduce income tax amount payment?

I am slapped with an annual tax amount of $25,000.

It's a lot of money to pay for this government.

Originally Posted by Unregistered

Is there a way to reduce income tax amount payment?

I am slapped with an annual tax amount of $25,000.

It's a lot of money to pay for this government.

Since you earn a lot, you should pay your income taxes. $25k is not a lot if you earn so much.

There are people who are jobless. Be thankful you still have a job.

Originally Posted by Unregistered

Since you earn a lot, you should pay your income taxes. $25k is not a lot if you earn so much.

There are people who are jobless. Be thankful you still have a job.

yes agree... $25k out my annual income in excess of $320k is not so much.... but i just asking if there are ways to further minimize it.. any general ideas?

24 yr old here still in uni.
Passive income $70 pa

30-35k pa. From rental

Originally Posted by Unregistered

24 yr old here still in uni.
Passive income $70 pa

Congrats! It is good to start young. If you work hard to grow this by simply 50% annually, you will be enjoying a good life before you hit 40.

Originally Posted by Unregistered

I am surprise in this day & age still got ppl get excited over 200k+ pay. It is very common, those with proper qualification and cannot even reach this level by 40 should learn & improve themselves instead of jealous and calling people names.

$200+ salary is not little by any measure. It is common, as many people earn this much, but is still the minority, if you go by statistics. Of course, there's nothing to be jealous of, just as there's nothing to be ashamed of if one cannot reach this level by 40.

just received my SGX CDP statement. so happy so see that much dividends credited!

hi all... is advertising income from internet blogs considered as passive income?