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What Is Gifting?


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WHAT IS GIFTING?


THE CONCEPT OF GIFTING


Many start-up gifting programs are a good place to lose your money. Here today and gone tomorrow, along with your money. You "gave" but it never lasted long enough for you to "receive" your "gifts". 

However, there ARE well managed gifting programs with rules, safeguards, and controls that absolutely DO work and pay just like they are supposed to.

Unfortunately, gifting programs are probably one of the biggest targets SEC goes after to shutdown and get people in trouble for promoting.

Because of this, some no longer participate or promote them to others. In addition, there's a whole lot of negative information readily available on the Internet about gifting programs.

Just remember, its very easy to publish online and chat away. I've been doing business successfully online since 1999. And I have learned that the Internet allows a lot of foolish people, who have NEVER made any money online, to have a voice. And I don't say that to be mean, I've just always been outspoken.

What is private gifting?
Private gifting is a concept that is embraced by a private group of individuals and has been in existence for many years. Genuine 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 right to gift property, cash and other assets within the rules and regulations established by the laws. 

The Government and state attorney general's offices would really like to not see gifting programs; the reason obviously is that a lot of people stand to lose money in gifting programs that stop or dead end. However, many more people throw their money away at state lotteries  as well as state licensed gambling casinos, but apparently that's okay huh???

The Internet is different in that at an influx of 60,000 people per day coming online, there are plenty of people to feed a lot of gifting programs. They're not get rich quick scams or schemes, but they CAN significantly add another source of income to your financial situation. 

How did this concept begin?
Giving private gifts to one another is an expression of kindness, which has been going on for centuries. 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. In fact, to be considered a gift under the Tax Code, the gift “must proceed from a detached and disinterested generosity; out of affection, respect, admiration, charity or similar impulse.”

In this activity, there are no expectations for exchange of services or any other valuable consideration between the giver and the receiver. Many cultures gift as a matter of course. Asian, Jewish and South American communities gift individuals within their race and/or 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.

The key to "gifting" is to NOT expect something in return - this is where the SEC has the hardspot with gifting clubs. Because most of the time when we join a gifting club and gift someone we DO expect to receive a gift returned from someone in the future. 



How does the gifting activity work?
Individuals share using a basic concept that “all things must be done in order”, and following the law of reciprocity -- giving opens the way for receiving.

This 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 which can take from a couple of days to a couple of weeks...

In this activity, there is no fixed hierarchy of individuals who have an advantageous position or unfair advantage over new participants. You have the ability to  receive as much as anyone else in the program that brings the same number of people to the table, no matter when you enter. 

Concerned about the legality of gifting? It is 100% Legal according to some; but SEC does not fall in the "some" category. Basically our government instead of helping people has become a big bully with the primary mission of keeping us broke and in slavery to the JOB.

If you look at the last 60 years of economics in America we have become the proverbial frog put in the pot of cold water with the burner turned on to cook to a slow death without even being aware of it. Our rights have been erroded away, government is trying to disarm us (how many round clips can you buy today for a handgun or rifle)?

The U.S. gifting rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511, and Canadian Tax Code, Sections 143.3 and 62.0. The law states that one or more individuals can give a gift to another individual of up to $10,000 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 – Sec. 102 (1986U.S. Tax Code).

Check these links for more details.
US Law 26 sections:
http://www4.law.cornell.edu/uscode/26/2501.html
http://www4.law.cornell.edu/uscode/26/2502.html
http://www4.law.cornell.edu/uscode/26/2503.html
http://www4.law.cornell.edu/uscode/26/2504.html
http://www4.law.cornell.edu/uscode/26/2511.html 

FOR MORE INFORMATION
ABOUT PRIVATE GIFTING PROGRAMS CLICK HERE



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