Cash Gifting Basics
51Cash Gifting Basics
Cash Gifting is group of individuals helping one another achieve wealth. Gifting has been around for years, but has taken on a new life on the internet. Gifting does not involve the exchange of product matrix or any type of network marketing. There is no corporate structure that makes a profit or generates any revenues, there are no paychecks and none of the participants involved "earn" any money. In some cases, a company may provide marketing and technical support, but their income does not come from the activity of cash gifting.
Private cash gifting is based on the fact that US and Canadian citizens have the lawfull right to give cash to whomever they want. Cash gifting is completely legal and the rules that apply to gifting can be found in the IRS Tax Code. Although the Tax Code in the US can be confusing, it is clearly stated in IRS Tax Code Title 29 and Publication 950 that cash gifts up to $12,000 per person per calendar year are allowed. Of course larger gifts are allowed as well, but they are treated under different guidelines with different tax consequences and we won't address those here. Don't forget, this is USA and it is our Constitutional right to give as we decide fit. Gifts are made without an expected return but, the Universal Law of Sowing and Reaping - "give and you shall receive" has an incredible way of proving itself true again and again. In order to join a gifting program, an individual must be invited. Once the invitation has been accepted, the individual moves from the gifting stage to the receiving stage and begins to receive gifts of their own.There is no "pyramid structure", no "matrix" or any other structure that would give any participant any advantage over another. Gift amounts are based solely on how many people an individual invites into the program.PrintShare it! — Rate it: up down flag this hub








