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| Version | User | Scope of changes |
|---|---|---|
| Sep 24 2008, 3:57 PM EDT (current) | cashgiftprograms | |
| Sep 24 2008, 3:56 PM EDT | cashgiftprograms |
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Cash Gifting Programs
I've heard it said that cash gifting programs are some type of pyramid scheme. This thought should be put to rest very quickly. Absolutely none of the larger cash gifting programs that you will find on the internet are pyramid schemes. There is no "Head Honcho" at the top getting rich and any new participant can generate just as many gifts as anyone that has joined the same cash gifting activity previously. Also known as cash gifting leveraging, cash gifting programs are a way for the little guy to leverage his time and cash and not just trade his time for dollars for the rest of his life.
If we looked at the shape of a pyramid and how the money filters up in illegal ones, wouldn’t it be fair to say that large corporations that many people work for are pyramids? Doesn’t the CEO at the top make huge amounts of money while the workers on the bottom do all the grunt work but are paid very little? Hmmmm.
Cash gifting programs have a level playing field for all who join and decide to leverage their time and their money, while helping others to do the same.
Is cash gifting legal? It seems that a lot of people think that if large amounts of cash are being exchanged then cash gifting programs must be a scam. Let's get this out in the open right now...Is cash gifting legal? ….Yes, cash gifting is 100% legal.
Although the Tax Code in the United States 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 that we won't discuss here. Remember, this is The United States of America and it is our Constitutional right to give and receive freely. Whoever is saying that cash gifting is not legal does not understand how it works, has not even looked up the law, or is just trying to sway you to their program by confusing the facts.
The idea of cash gifting programs and cash gifting leveraging is based on helping other people and cash gifting programs are filled with people just like you and me that have helped others and have been rewarded for it. Every individual in a cash gifting activity has gifted to another person and most of the time it has been a total stranger. These gifts are given freely with no expectations of a return or any goods or services. And yet, the universe has a strange way of rewarding those that help others.
