Private Cash Gifting Concept
Private cash gifting is a concept embraced by private groups of individuals and has been in existence for many years. This private activity does not involve network marketing, multi-level marketing, or a business or commercial activity. There are no business transactions, investments and/or securities involved in this activity. There is no business or company name or location and there are no directors, officers, shareholders or principals. Individuals simply support each other in a team concept and help change lives.
The concept of private gifting is based upon the fact that both American and Canadian citizens have the Constitutional right to gift property, cash and other assets, and are subject to the rules and regulations established by the laws.
LEGALITY
Churches, civic groups and people from around the world have participated in organized gifting for over 300 years. Laws state that it is legal for individuals to exchange gifts. In the United States we have the Preamble, the Constitution and the Bill of Rights to protect a private citizen's rights to earn, pay taxes and give away property and cash as long as it is done according to the laws and codes of this country.
The law states that one or more individuals can give a gift to another individual of up to $12,000 each per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the gift has already been paid. These gifts are not included in the gross income of the recipient.
You can view the most recent IRS Publication (August 2007) regarding this subject by clicking the following link: http://www.irs.gov/pub/irs-pdf/p950.pdf?source=ttcom4home1
THE ORIGINS OF THE CONCEPT
Giving private gifts to one another is an expression of kindness, which has been going on for centuries. The reality of cash gifting is that, governments have allowed its practice for individuals to share their wealth with families, friends and others. It has been a means of helping and blessing others on special occasions or when the need arises.
Many cultures gift as a matter of course. Asian, Jewish and South American communities gift individuals within their culture on a regular basis so that they may start a business or buy a home. They in turn gift someone else to help enhance their lives. Habitat for Humanity is a great example of private gifting. Everyone participates with their time, their talents and materials to build a home for someone else. Some participate with a hammer, some with nails, some with food and others with the monetary gifts to purchase the supplies, but all create a team that works together to bless someone's life.
UNIVERSAL LAWS MAKE GIFTING WORK
Individuals share using a basic concept that "All things must be done in order" - the Universal Law of Sowing and Reaping - "when you give, you shall receive." This follows God's Law of Reciprocity. "Give and it shall be given unto you." It also follows the Law of Attraction principles that affect everything we get in life. If you're wondering how to create massive wealth, these laws need to be at the core of whatever you do!
REMEMBER, THIS IS NOT A BUSINESS
An important reality of cash gifting is that it is not a business, and there is no company. Rather, there are teams of individuals, who give to one another and other teammates. We are not a business or an investment. No company can withhold or misplace our gifts. We are totally in charge of our own gifts and gift directly one to another and work for the betterment of the team.
Another reality of cash gifting is that, although not a business, marketing is still required. We need to get the word out that we exist and are in position to send and receive gifts. A good, established gifting organization, will have many tried and proven marketing options. It will provide marketing training, and will even be able to show you methods requiring little to no additional expense.
HOW YOU CAN PARTICIPATE
The private gifting activity is offered only by means of an exclusive one-to-one invitation. When someone accepts the invitation, they move through a natural progression from the giving to the receiving stage of the activity. In this activity, there is no fixed hierarchy of individuals who have an advantageous position or unfair advantage over new participants.
You will need to identify a reputable private gifting organization. Once identified, you'll need to opt. in to their organization to request an invitation to participate.
Cash Gifting
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