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Home / Business / Ask an Expert
Understand Cash Gifting Programs: Cash Gifting is for You
By:Demetrios Tzortzis
Individuals and private groups have long embraced cash gifting programs as legitimate methods of revenue generation. There is absolutely nothing illegal about giving another person a gift. It is an expression of kindness. Individuals are allowed to share their wealth with families, friends and other people. Helping and blessing others is honorable and good.
Many cultures, especially Asian, Jewish and South American communities regularly give gifts to others within their culture so then they may start a business, buy a home or otherwise take care of themselves and their loved ones. Once the receivers of the gifts have solidified their own positions on the planet, it is then their turn to give back. One good modern example of private gifting is the organization Habitat for Humanity. From this case in point, it is easy to discern the various benefits that stem from cash gifting.
Cash gifting is a private activity; it does not involve Network Marketing, MLM or any other type of business are commercial activity. Private cash gifting is exactly that: private. There are no companies, boards of directors, shareholders or principals. It is simply a matter of individuals helping other individuals. The underlying concept is that by people helping other people in an organized fashion, lives can be enhanced.
American and Canadian citizens have the constitutional right to give their property, cash and other assets to others. In the United States, gifting rules are defined in the IRS tax code, Title 26, Sections 2501, 2502 and 2511. Look it up yourself if you have any doubts; it's 100% legal.
In general, these tax codes state that one individual can give to another individual up to a maximum of $11,000 per year without incurring any tax liability. The tax has already been paid by the giver because it is their personal asset. Gifts received are also not able to be taxed. The receiver of the gift incurs no taxation liability.
Cross cultural laws of reciprocity agree that to give is to receive. When an individual agrees to become part of a cash gifting program, they become part of a natural progression. They give, and then they are in line to receive. And unlike MLM, there is no hierarchy. No one individual has an advantageous position over another. New participants are as equally valid as are repeat participants.
When you give to the United Way or the Salvation Army, your intentions are good. You want to share the fortune that you have amassed with someone less fortunate. The only difference here is that you know the name of the person who you're gifting to. Charity is charity. And when you receive a gift from somebody who gives it with a willing heart, there can be nothing wrong with that.
Do not confuse cash gifting with pyramid schemes. Pyramid schemes never allow the person at the bottom to get to the top. A cash gifting program makes you a member of a team where everybody is working together for the mutual benefit of everybody else. There is no selling or solicitation. You do not have to pressure or force anybody into anything. You simply give from your heart to people that will likewise give back when they are able.
Cash gifting can change your life for the better. Countless people have already experienced the difference that cash gifting can make. Also, it builds a sense of trust in humanity. Knowing that there are like-minded people out there in cyberspace that not only need help, but are willing to give help is very restorative. Explore the realm of cash gifting today.
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Article keywords: Gifting, Cash Gifting, MLM, Home Business, Cash Gifting Program, Network Marketing
Article Source: http://www.articles2k.com
Demetrios Tzortzis is unlocking the potential of new marketers to succeed without the initial "beginners" slump.
Contact Demetrios Tzortzis at 720.339.3808 or livetoprosper@gmail.com
http://www.LiveToProsper.biz
http://www.YouTube.com/Dprosperityman
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