Is direct selling / MLM, Real estate investment and Stock market investment all subjected to income tax?
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.
mana’o'i’o
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What is an excellent mlm book to read and learn the secrets to build a large successful biz faster than most?
I’ve seen some of the mlm techniques such as build a list names and numbers etc. I’m sure there other ways to build the business and sort out whose serious and who’s not. I don’t think the top earners are giving all there little secrets.
nagida
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What do people in MLM use to assess the business opportunity financially?
Being that all MLMers tell you its a business, I am wondering what business principals are used to assess the opportunity from a financial point of view.
For instance, last year I bought an apartment building and my investigation of whether it was a good financial opportunity consisted of looking at the gross and net incomes for the prior 3 years (verifying income and expenses) , looking at the market rents and occupancy rates, and calculating the average sales prices (on a per unit base) over the past 6-12 months within a 1 mile radius. All that information was used in my financial assessment of the deal and to help me decide whether it was worthwhile.
Looking at financial statements is key in buying any business, but I have never heard of this in MLM. Other than statements made at a meeting or from their sponsor, what financial criteria is being used to decide whether the MLM “business opportunity” makes sense financially and is it ever verified?
Mexico4me, so your research was merely looking at a COMPENSATION PLAN! Oh my, how sad.
What exactly did you verify? That the plan would pay a particular compensation percentage? So, you are telling me your upline number’s, someone who is supposedly making money running this MLM business, was of no interest to you?
Yes, you are delusional. Thanks for proving my point!
elakshi
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How can you tell if a MLM deal is for real?
I am looking into getting involved in a new MLM deal. What are some of things I should look for? I will be at the top levels. That I know for sure.
giladah
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What percentage of mlm people end up quiting?
I think it is around 99.999%. Some mlm people have called me names for my opinion on this…. So I am curious as to what you think the actual figure is.
sibian
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Is a membership/subsription to a website through a referal program considered to be mlm?
I know that with mlm’s you need to sell a legitimiate product. However i was thinking that if that product was a subsription/membership can you create a legal downline with that as a product?
lowenhard
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Why do people in MLM say its a business, but when asking for their numbers compare it to a paycheck?
Don’t these people realize a paycheck is for a job, and revenue/expenses is for a business? People in MLM tell you its a business until you ask for their numbers, and then its a job and private. I would not ask for their information if they were hiring me for a job, but trying to sign me up for their business those numbers should be expected. Is this just yet another component that makes MLM a joke?
alessandro
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I have a new MLM biz I am promoting. What are the best methods of getting downlines free and fast?
This MLM/Network Marketing biz is the simplest I have seen and it has a lot of freebies one can enjoy. I discovered that getting people to join is very difficult. Please advise me on how to get downlines for my business.
warri
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Can someone plese advise on a good home based business that is not MLM?
Please no scams. No MLM. No “sign up with us and build a web page marketing our stuff and you will get a commision” sites either please.
nolabeth
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Why is it the only people who defend MLM are MLMers themselves?
***Question directed to people NOT involved in MLM***
Consider that someone could tell you a stock broker is a terrible business and fraudulent activity and you can bet lots of other people other than stock brokers (basically unbiased people) would defend the industry. Same can be said with nearly every industry.
But in MLM, the only people that ever defend it are the MLMers themselves, and no one else. No one who has ever looked at MLM and decided against it has ever has anything positive to say about it. Its seems its MLMers versus the world.
Why do you think MLMers so blatantly overlook this?
rion
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