What the heck is cash gifting anyway? Is it what it sounds like it is and is it legal? The questions are many, so we will attempt to supply some answers AND maybe a few more questions. To define "Cash Gifting" is to take the 2 words quite literally. It is the act of publicly or privately giving a person or entity a sum of money as a gift and giving it freely without coercion or consideration. It's called a gift because that is "in essence" exactly what it is...a gift.
Cash gifting is about individuals working together, basically forming their own Gifting Community...supporting each other and helping everyone involved change their lives for the better. It doesn't involve selling, MLM, network marketing or any type of business activity and there is noone sitting at the top collecting all of the money. There's no company name or location for the business and there are no shareholders or principals involved.
The main principal for gifting is this..."To help your fellow man (or woman) through giving, and in turn be recognized and rewarded for your participation in the giving process." The receiving of gifts can have an incredible effect on a person's life and it remains one of the best ways to gain wealth in the world. Cash gifting activities are responsible for nearly 60% of all the money that's generated in home-based activities.
We earlier raised the issue of legality regarding gifting. American and Canadian citizens have the Constitutional right to gift property, cash and other assets. The U.S. gifting rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511. The law is as follows. One or more individuals can give a gift to another individual of up to $12,000 per calendar year without any tax liability to the giver or receiver of the gift...the tax on the gift has already been paid. These gifts are not included as gross income to the receiver. (Always check with a tax professional if you have any questions). A quality gifting program will use a Gifting Statement & Non-Solicitation form that acts as a binding agreement between the parties involved.
It seems that most of the gifting programs around the world typically operate within the framework of what is called a "1-Up" method. After being invited, you can begin. To get started, you pledge a specific amount of money and give this to your inviter. Your pledge is determined by the level at which you wish to join. In previous incarnations of gifting programs, $500.00 would be the lowest level and somewhere between $5000 to $10,000 was the highest level. The first gift that you receive will be passed by you (or rolled-up) to your inviter. This passing of the 1st gift qualified you on the money level that you gifted to your inviter...by giving up your first pledge to your inviter, you are considered qualified, but only at the level of your initial pledge. Typically, you could upgrade to the higher money value levels, but to do so, you would have to re-qualify at each new level by first Gifting that amount yourself. With most gifting programs, it is to your advantage to pledge at the highest possible level that you can, as quickly as possible, as the only gifts that you keep are the ones that you are qualified for.
I've got GREAT news for you, as there is a NEW KID on the block that is changing the old rules and methods and allowing even more people to get involved. If you have been researching cash gifting and you've been looking for the right activity that allows you to pledge anywhere between $150.00 and $5000 and allows you to upgrade to the higher levels with no more out of pocket expense, then there is a newly launched cash gifting activity available that is definitely worth taking a look at. The Abundant Living System allows you to pledge at the lower levels and then upgrade with a revolutionary new Cash Credit System. You can use credits to upgrade to the higher levels instead of cash. With this in place, there is no additional out of pocket expense to you. This is truly an EXTRAORDINARY feature that no other gifting community offers. This new gifting community just started in mid July. Click the Link or Banner below for complete details, a free tour and a free gift (of course).
