Cash Gifting Law, Is It Legal?

Another Word Of caution: There are also people spouting off their opinions about how every Cash Gifting Activity is illegal, all the while trying to get you into their mathematically impossible home based business. Yet Cash Gifting Activities have been going strong for over seven years online and numerous years offline. If done correctly Cash Gifting is legal, and I say this not from misguided or foolish opinion, but by proof of the law.

The 4 Facts Which Make Cash Gifting Legal

1. "You make a gift if you give property (including money), or the use of or income from property, without expecting to receive something of at least equal value in return."

This Is Why Participants Must Sign A Gifting Statement, it's also why the PROMISE OF REFUNDS ARE EXTREMELY ILLEGAL!

Another Quote: "you generally can give up to $12,000 each to any number of people in 2007 and none of the gifts will be taxable."

(It says 2007 because that's the last time the code was revised).

2. Legal Gifting Programs are not Pyramid schemes. There's no financial advantage for one participant over another. Everyone is on the same level regardless of seniority. The 1-up structure has been used by Real Estate and Mortgage companies for years.

By Looking At The 1-UP Structure Below You'll Be Able To See Clearly How This Structure Is Nothing Like A Pyramid Scheme. Unlike A Pyramid Structure Where Most Of Your Direct Profit Plus A Monthly Profit Flows Up And Away From You, With The 1-UP Structure You Keep All The Money After Only One Pass Up. A Member Passes Up Their First Amount Received, And From That Point Receives Every Amount, Plus The Amount From The First Gift Of Every Directly Invited Participant. And This Is Why Everyone Is On The Same Level.

3. This is a PRIVATE by invitation only and peer to peer activity. There is no business or product. There are no public meetings, conferences or group gatherings at conventions for the purpose of giving gifts.

4 . The Gifting Statement and Non-Solicitation forms we sign are binding between two individuals. High profile lawyers were brought in to ensure the wording and content would make this activity 100% legal ensuring the longevity of the program.

So there you have it! Now I've seen it stated "The tax gifting law was not intended for gifting activities such as what is being described." I'm not a lawyer but even a layman knows that the law is the law! It's not open to opinion or speculation, if something is written then it is the law, it's that simple. And it doesn't matter what the Attorney General or anyone one else tries to tell you, it is the law.

Does the Attorney General like it? No probably not, but it is what it is! The tax gifting laws were created years ago to benefit the wealthy, and these laws are not going to go anywhere. Today it's the choice of everybody regardless of income class, through legal gifting activities to benefit equally with the wealthy. This way of doing things may be against the political standards which separate the extremely wealthy from everyone else, but again I say... it is what it is, and unless the law is changed there's nothing anyone, including the President himself can do about it! I mean the Government can't write a law regarding financial policy and then pick and choose how the law can be used and who can use it, the laws of this nation are for everyone, they are for you.