The difference between ordinary and extraordinary is practice.

✨ Enjoy an ad-free experience with LSD+

Legal Definitions - active income

LSDefine

Justice is truth in action.

✨ Enjoy an ad-free experience with LSD+

Definition of active income

Active income refers to the money or payment that a person receives from their employment, business, investments, royalties, gifts, and other sources that require active participation. This type of income is earned through one's own labor or services.

These examples illustrate active income because they are earned through active participation and labor.

Law school: Where you spend three years learning to think like a lawyer, then a lifetime trying to think like a human again.

✨ Enjoy an ad-free experience with LSD+

Simple Definition

Active income is money that someone earns from working or running a business. It can also come from investments, gifts, or royalties. This is different from passive income, which is money earned without actively working or participating in an activity. Gross income is the total amount earned before taxes and deductions, while net income is the amount earned after taxes and deductions. Taxable income is the amount of income that is subject to taxes.

A lawyer without books would be like a workman without tools.

✨ Enjoy an ad-free experience with LSD+

The young man knows the rules, but the old man knows the exceptions.

✨ Enjoy an ad-free experience with LSD+