Passive Income Generator

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Passive Income Generator (PIG)

An investment that favors passive income, such as an income-oriented real estate limited partnership.

Passive Income Generator

Any investment that produces income from a venture in which an individual does not directly participate. The most common types of passive income are rents and income from a limited partnership. Thus, if an investor buys an apartment complex or a piece of an oil and gas limited partnership, this is considered a PIG. Passive income is taxable, but it is often treated differently than active income.

passive income generator (PIG)

The name given to an investment offered to taxpayers who have excess passive activity losses and need some passive activity income to offset the losses. (Be careful of any investment touted as a PIG—if the only reason for an investment is the tax benefits it might produce,then the investment should be made with great caution.)

References in classic literature ?
"Not yet, Pig-wig, he will look back." The grocer did so; he saw the two pigs stock-still in the middle of the road.
ONCE upon a time there was an old pig called Aunt Pettitoes.
Thus did they converse, and presently the swineherds came up with the pigs, which were then shut up for the night in their styes, and a tremendous squealing they made as they were being driven into them.
But the swineherd did not like sleeping away from his pigs, so he got ready to go outside, and Ulysses was glad to see that he looked after his property during his master's absence.
For that matter I had never seen a domesticated pig. The nearest approach to one that I had seen was breakfast bacon sizzling in its fat.
"What name, long time black fella belong Su'u take 'm heads, kai-kai along long pig?" Ishikola countered.
The beaten tracks of the deer and the pig, all heading toward the river, had striped that colourless plain with dusty gullies driven through the ten-foot grass, and, early as it was, each long avenue was full of first-comers hastening to the water.
"My word," quoth Dag Daughtry, "you devil-devil along that fella pig too much.
But their wild exultation was suddenly checked When the jailer informed them, with tears, Such a sentence would have not the slightest effect, As the pig had been dead for some years.
Not even the water she brought him in a forest-leaf, and the ancient and half-putrid chunk of roast pig, could redeem in the slightest the grotesque hideousness of her.
But when the Shimerdas found that Jake sold his pig in town that day, Ambrosch worked it out in his shrewd head that Jake had to sell his pig to pay his fine.
"I repeat, it was in my presence that he said a certain lady, whom none of you knows, was a pig. He did not say swine.