This is proving what we knew all along.
the republican crap lines about hard work are just crap to them.
They want the already rich to be rewarded for doing nothing but having money to heave arround
Yet you do the same thing. I think that makes you.....errrr......hmmmmm.....what is the word I am looking for.........oh yeah.......A HYPOCRITE.
Get ready for massive PWNAGE
http://en.wikipedia.org/wiki/Passive_income
This is how Wiki defines passive income. Now you are a big Wiki fan as you post from it all the time. So don't go complainin cuz you don't like it.
Passive income is an income received on a regular basis, with little effort required to maintain it.
The American Internal Revenue Service categorizes income into three broad types, active (earned) income, passive income, and portfolio income[1]. It defines passive income as only coming from two sources: rental activity or "trade or business activities in which you do not materially participate."[2][3] Other financial and government institutions also recognize it as an income obtained as a result of capital growth or in relation to negative gearing. Passive income is usually taxable.
Some examples of passive income are:
Earnings from a business that does not require direct involvement from the owner or merchant;
Rent from property;
Royalties from publishing a book or from licensing a patent or other form of intellectual property, such as computer software product;
Earnings from internet advertisements on websites;[4]
Dividend and interest income from owning securities, such as stocks and bonds, is usually referred to as portfolio income, which may or may not be considered a form of passive income. In the United States, portfolio income is considered a different type of income than passive income;
Pensions.[5]
The IRS has a specific definition of passive income that excludes some of the incomes listed above. Royalties, for example, are, according to the Service guide, generally non-passive in nature. Additionally, interest, dividends, annuities, and gains from stocks and bonds, lottery winnings, salaries, wages, commissions, retirement income, guaranteed payments for services are considered by the IRS to be non-passive. [6][7]
Now don't go blaming me. The definition comes from your gobblement. Are they wrong? They define passive income as rental properties because it takes little effort to maintain it. Looky looky, Desh is not different than a trust fund baby in the eyes of the IRS. Who knew?
:ROFL2:
MAJOR PWNAGE